February brought with it certified pre-owned sales growth and a few records for some of Canada's luxury automakers. First off, the Mercedes-Benz Pre-Owned division, which includes CPO sales, posted record-breaking gains of 14.2 percent, delivering 1,045 used vehicles. CPO sales, in particular, also reached an all-time high of 817 units sold for 78.2 percent of […] [Read More]

Experian Automotive determined that the average amount financed and the average monthly payment for a new vehicle continued to climb, breaking the previous records on file. According to its latest State of the Automotive Finance Market report released on Thursday, the average amount financed for a new vehicle in Q4 2015 was $29,551, up $1,170 […] [Read More]

ADESA, a business unit of KAR Auction Services, announced today it has promoted a new chief client officer for ADESA Canada. Chosen for the position is Lisa Scott, who was most recently senior vice president of sales, marketing and operations at ADESA Canada. In her new role, she will be responsible for all efforts to […] [Read More]

Toyota Motor Sales USA announced Wednesday it is expanding two of its previous recalls involving Takata-sourced front-passenger airbag inflators. The recall expansion adds model years of certain vehicles that were already previously recalled and will include all remaining dual-stage front-passenger airbag inflators of a particular type as a precautionary measure. According to Toyota, the expanded […] [Read More]

The Motorlease Corporation announced at the beginning of March an internal promotion of one of its own to the position of business development manager. Moving up from the position of inside sales account executive is Dave Deslauriers, who will now be responsible for enhancing the company’s lead-generation and referral process, and delivering qualified sales leads […] [Read More]

CarGurus has announced the appointment of a new senior vice president of consumer marketing. Taking on the role after most recently serving as the chief marketing officer at Gazelle is Sarah Welch, who will be responsible for leading the company’s global consumer marketing initiatives, including brand development and experience, customer acquisition and retention, public relations […] [Read More]

ACA International is raising concerns in a new white paper about a recent report on the credit and collection industry that the organization claims to fail to properly contextualize the data it includes, leading to an incomplete picture of the industry and its practices. Officials explained the report titled, “Unfair, Deceptive, and Abusive: Debt Collectors […] [Read More]

After a modestly slow start to the year, certified pre-owned vehicle sales rebounded last month with the best February on record, according to Autodata Corp. There were 211,482 CPO sales for the month, which beat year-ago figures by 7.1 percent and January numbers by 10.8 percent, Autodata said.   Each of those months had the same […] [Read More]

General Motors Financial on Tuesday completed two rounds of public offerings that totaled $2.75 billion. According to a filing with the Securities and Exchange Commission, one segment is $1.5 billion aggregate principal amount of the company’s 4.200 percent Senior Notes due 2021 (the 2021 notes). The other is its $1.25 billion aggregate principal amount of its […] [Read More]

Dealertrack on Tuesday launched its next generation in-state registration and titling solution for dealers in California. With a new modern user interface, the company highlighted this latest version of Dealertrack’s registration and titling system was developed to radically simplify the registration and titling process. Dealertrack explained the Web-based registration and titling solution can delivers a […] [Read More]