Car-buying college grads may discover that picking a major was easier than choosing from among the hundreds of vehicles out there. To help make the car-buying process a little easier for them, Autotrader has compiled a list of the nine models it thinks young adults should have on their shopping lists. Three of those models — Chevrolet […] [Read More]

Certified pre-owned vehicle sales keep setting new records, seemingly on a monthly basis. But NADA Used Car Guide executive analyst Jonathan Banks proposed that automakers and dealers are going to need more than just CPO programs in order to handle the steadily growing volume of off-lease units. Part of what is triggering Banks’ concern is […] [Read More]

Swapalease.com reported that vehicle lease credit approvals bounced back a bit in April versus the pace of approvals seen in March, registering a 3.2-percent gain. Site officials indicated the April approval rate came in at 69.9 percent, up from the March reading of 66.7 percent. Swapalease.com explained the return to monthly volatility in vehicle lease […] [Read More]

In April, the Ford F-150 was again the most appraised vehicle in Canada and it continues to hold the No. 1 spot year-to-date, according to the latest Dealertrack Tradetracker report. It also continues to be the domestic vehicle most often looked at by both domestic and import trade-in owners in Canada, the company said. (The […] [Read More]

ADESA has announced changes to three of its Canadian auction management teams. Scott Rennie has been promoted to general manager at ADESA Ottawa; he previously was assistant GM at ADESA Toronto. Richard Kennedy, former general manager of ADESA Halifax, is now assistant GM of ADESA Toronto. Finally, James Murphy has been promoted from assistant general manager to GM of […] [Read More]

DriveTime Automotive Group ownership is eliminating its subprime auto finance company that originated paper with franchised and independent dealerships for the past five years. GO Financial president Colin Bachinsky said the company stopped accepting applications from dealerships late on Wednesday. During an exclusive phone conversation with SubPrime Auto Finance News, Bachinsky emphasized why DriveTime owners chose […] [Read More]

Two experts in digital marketing said one of the best elements of this dealership tool that helps move more metal and keep the service drive flowing is how it can be measured. Those same two experts with whom Auto Remarketing visited during this year’s NADA Convention & Expo also acknowledged that one of the challenging […] [Read More]

The NAAA’s Warren Young Sr. Scholastic Foundation has awarded $52,000 in scholarship money to 12 students. The National Auto Auction Association established the nonprofit foundation in 2004 and named it in honor of industry pioneer Warren Young Sr. Winners are selected on the basis of academic success, leadership skills, honors, goals, work experience and community involvement. […] [Read More]

Charleston Auto Auction has teamed up with dealers to help provide homeless high school students with a place to live. So far, more than $6,000 has been raised for the H.O.M.E. Project at Stall High School, which is seeking to purchase a house to be used as a shelter. “I have heard some stories that […] [Read More]

The auction industry has a strong history of cooperation that has led to visionary and long-term successes. AutoCheck, simulcast, AutoIMS and AuctionNet being typical examples, along with the NAAA, our long-term and solid association. Past leaders looked at the broader picture that would create strength across the entire industry, which would then provide a solid […] [Read More]