The same day Tesla announced its third-quarter financial results, which included delivering a record 11,602 vehicles, the automaker also promoted new leadership in finance and sales and service. Jason Wheeler is Tesla’s next chief financial officer, while Jon McNeill becomes president of global sales and service. The new CFO joins Tesla after spending 13 years […] [Read More]

Outstanding car loans hit a high point in the third quarter and have climbed more than 53 percent in the last five years, which appear to be good signs for the industry. As does the increase in car sales that has come with this rebound in auto finance. However, Experian’s Melinda Zabritksi says, whether these rosy […] [Read More]

With two months of pilot experience under their belts, the Association of Alberta Registry Agents (AARA) has announced the full-scale launch of its partnership with CarProof to provide free vehicle history reports. The free vehicle reports, which CarProof says are valued at approximately $40, are available to any Albertan that registers for the AARA’s e-reminder […] [Read More]

Honda announced Tuesday it will voluntarily recall roughly 35,000 model-year 2016 Pilot vehicles in the U.S. to update their combination meter software free of charge. According to the company, no market occurrences have been reported related to this non-compliance issue which was discovered via internal testing. Honda says that the software error in the combination […] [Read More]

Two-hundred million dollars. That’s the high end of the fine that vehicle-part manufacturer Takata will have to pay the Department of Transportation’s National Highway Traffic Safety Administration for its indiscretions in violating the Motor Vehicle Safety Act with its handling of defective airbag inflators. With an initial penalty of $70 million due in cash, the […] [Read More]

As used supply expands, wholesale prices continue to slide. In fact, rates in the lanes hit a two-year low in the third quarter. That’s according to Kelley Blue Book’s Q3 Blue Book Market Report, which showed auction values for 1- to 3-year-old vehicles fell by an average of $850 or 4.3 percent in the third […] [Read More]

CPO sales in Canada are off to a quick start in Q4, with three automakers notching October records and all brands reporting sales increases for their respective certified programs. First up, Subaru Canada has notched another record month for CPO sales, Tom Opratko, manager, business management at certified pre-owned for the automaker, told Auto Remarketing […] [Read More]

If you’re hungry for some certified pre-owned sales data (and really, who isn’t?) and can’t wait until industrywide numbers are reported, here’s an early rundown of folks sharing October results thus far. Kia posted had its best October ever for CPO, with 5,025 sales. This was up 17.57 percent year-over-year. In 10 months, Kia has […] [Read More]

As car buyers turn to the Web for vehicle research, maintaining a social media presence is becoming more and more important for dealerships. And results from the fifth annual Digital Air Strike Automotive Social Media Trends Study reinforce this notion. The study results — which will be covered by Digital Air Strike’s co-founder and chief executive […] [Read More]

To look deeper into today’s auction trends — from volume and pricing to the leasing market’s impact and U.S. exports — Auto Remarketing Canada reached out to Tom Kontos, executive vice president and chief client officer at ADESA Analytical Services. See the key highlights below that provide a full-picture view of Canada’s current wholesale environment. […] [Read More]