Year-to-date certified pre-owned sales stood at 2.41 million units at the end of November, according to Autodata Corp., and this was up 3.6 percent and all but certain to break the 2015 sum of 2.55 million units sold.  That would extend the streak of best-ever years for CPO sales to six. So what is driving […] [Read More]

LotLinx recently announced that Pat Ward, former managing partner of motormindz, has been named its chief revenue officer. The digital retail technology company said Ward brings extensive automotive business expertise. He has more than 25 years in sales leadership, marketing and customer advocacy. “Having worked as a consultant where his creative thinking helped dealers every […] [Read More]

The entire team at Auto Remarketing and Cherokee Media Group wishes you a safe and happy holiday season and best wishes for the new year. This issue of Auto Remarketing Today PM will be the final regularly scheduled e-newsletter from our team in 2016 before we take a holiday break. We thank you for your interest, support, readership and feedback […] [Read More]

Spurred by spiking demand, used pickup truck prices have risen far more rapidly than what the overall industry is experiencing, says CarGurus. The price of a used pickup truck has climbed 22 percent since January 2013, according to the car-shopping site. The 1-percent hike in the overall CarGurus Used Car Price index in the same […] [Read More]

CarMax and two dealer groups have agreed to settle Federal Trade Commission charges that they touted how rigorously they inspect their used vehicles, yet the regulator claimed the dealers failed to adequately disclose that some of the vehicles were subject to unrepaired safety recalls. The FTC indicated on Friday that the proposed consent orders will […] [Read More]

HGrégoire announced this week that it is “consolidating its Laval assets in the new-car industry” and building two new Nissan superstores. The company has invested $10 million in each store, both of which are scheduled to open in February.   They are located at 4540 Robert-Bourassa Boulevard and 4299 Highway 40 North in Laval. HGrégoire's […] [Read More]

Three economists who regularly share their assessments with SubPrime Auto Finance News dissected the Federal Reserve’s actions this week, which at the conclusion of the regularly scheduled Federal Open Market Committee meeting included the raising of the federal funds rate by 25 basis points. In unanimously approving the move, the Fed explained its stance of […] [Read More]

New-vehicle transaction prices are expected to reach a record level this year and only go higher in 2017, says Edmunds.com. And the trends driving this pricing peak are likely to have some impact for older vehicles. In analysis released Thursday, Edmunds said the transaction price on a new-car will hit $34,077 for the year. This […] [Read More]

Manheim is now the exclusive remarketing partner of Maserati North America, the auction company said in a statement Thursday. Manheim will work with the car company to centralize its wholesale processes, a move that will include revamping its fleet management program and selling Maserati’s off-lease, buyback and company owned units. As part of the deal, […] [Read More]

The Alberta Motor Vehicle Industry Council named an interim chief executive officer on Thursday, appointing Doug Lagore to the role. His 30-plus-year leadership background includes working as a consultant with various municipalities, and one of his specializations is governance models. In a news release, AMVIC board chair Paul Williams said: “We are confident that Mr. […] [Read More]