Global online vehicle auction company Copart has acquired a location in Candia, N.H. "If you look at Copart's recent expansions and acquisitions, it's clear that we are experiencing significant growth," Copart's chief executive officer Jay Adair said in a news release. "Candia is a great location that will allow us to better serve Manchester and surrounding […] [Read More]

Choose your words carefully. Turns out this adage is as relevant on the showroom floor as it is anywhere else. Through its “Language of Closers” research, CDK Global found there is optimal verbiage car dealers can use to boost their chances of sealing deals. The top word used by closers was “provide,” used mostly in […] [Read More]

At least two brands notched best-ever certified pre-owned sales results in Canada last month, as the market continues to gain traction with several brands. Subaru reached an all-time high with 249 CPO sales in May, pushing its year-to-date total to 862. Meanwhile, Volkswagen posted a record 1,935 CPO sales (up 0.1 percent year-over-year). Year-to-date sales […] [Read More]

Canadian used-car prices in May were up an average of 0.5 percent from April, according to a report accompanying the latest ADESA Canada Used Vehicle Price Index, powered by ALG. Within the individual segments, monthly price movement varied greatly — for instance, compact SUV prices were down 10 percent month-over-month, while midsize SUVs were up […] [Read More]

Dealertrack Technologies’ Tradetracker Used Vehicle Market Report for May shows that consistency has been king. The Ford F-150 was the most-appraised vehicle in Canada last month. It also held the same top spot when looking at three-month and year-to-date trending.  The other most-appraised vehicles last month, in order, were the Toyota Corolla, Honda Civic sedan, Mazda […] [Read More]

The former chief executive officer of Priceline.com now has that same role with Vroom. Paul Hennessy resigned from his Priceline post last week and succeeds Vroom co-founder Allon Bloch, who will continue with Vroom as a senior advisor, the online used-car retailer said in a statement Wednesday afternoon. Robert Mylod Jr., a former chief financial officer […] [Read More]

Wholesale vehicle prices climbed sequentially for the second straight month and posted a year-over-year gain for the first time in 2016. But don’t take that to mean those supply-driven expectations for downward sloping used prices are suddenly over, Tom Webb warns in commentary accompanying the latest Manheim Used Vehicle Value Index. “They do suggest, however, […] [Read More]

GPS-based technology provider PassTime announced that it completed a software integration project with Verifacto, a cloud-powered risk management system for independent and buy-here, pay-here dealers as well as other auto finance companies. Customers utilizing both Verifacto software and PassTime GPS solutions now can perform a variety of device management functions directly within Verifacto as well […] [Read More]

While pinpointing a trio of subprime securitizations demonstrating some higher loss trends, S&P Global Ratings determined collateral performance in the U.S. auto loan asset-backed securities sector improved month over month in April for the subprime sector, but continued to remain weak on a year-over-year basis for both the prime and subprime sectors. Analysts recently explained […] [Read More]

The chief executive officers from Equifax, Enterprise Holdings, Carfax and Edmunds.com were among the business leaders with connections to the automotive industry recognized as Highest Rated CEOs for 2016 by Glassdoor, an online jobs and recruitment marketplace. The honors, bestowed upon top leaders in countries throughout North America and Europe, came as part of Glassdoor’s annual […] [Read More]