Full-size vehicles and sports cars told the Canadian used-car price story in March. These segments, up 56.6 points and 33 points respectively, were the drivers of the Manheim Canada Used Vehicle Value Index for the month, the company said in a statement. Overall, the index was up close to 4 percentage points from February, with […] [Read More]

It’s not just that millennials in Canada are dissatisfied with the car-shopping process (and they are, by the way). Based on the findings of a CarGurus study, they almost seem disinterested in the dealership experience, altogether. In fact, less than a fifth (19 percent) of 18- to 29-year-old Canadian car shoppers put a big emphasis […] [Read More]

I have to give kudos to Tony Moorby and his excellent historical perspective during his presentation at CAR. The one key piece I focused on and pondered during the entire conference, because it intrigued me, was when he reminded us all that when we thought the sky was falling when governments outlawed odometer and title "adjustments," the […] [Read More]

Creeping up. Forms of that phrase were used by both Kelley Blue Book and Jonathan Banks of NADA Used Car Guide to describe the current state of new-car incentives. And one area, in particular, could be an interesting spot for the industry, if not done right: lease incentives. While a “throwback” vibe is in full […] [Read More]

This week, MetroGistics promoted three of its employees into managerial positions at the automotive logistics services provider. Brittany Twist, Alisha Bray and Alycia Lamartina all have new roles as Twist is now claims manager while Bray and Lamartina are both operations managers “We’re thrilled to promote all three valued employees,” MetroGistics co-founder and managing partner […] [Read More]

Fleurette Runyan from Consolidated Asset Recovery Systems (CARS) plans to answer four important questions during a free webinar the company is hosting at two different times next week. CARS’ director of sales for the central U.S. indicated many auto finance companies and other clients are curious about market averages for repossessions and other services. So […] [Read More]

Federal regulators not only are suing Volkswagen; now members of its franchised dealer network are taking action. Three family-owned Volkswagen dealers filed a class action against the automaker on Wednesday stating that the OEM intentionally defrauded dealers by installing so-called “defeat devices” in its diesel vehicles, and separately carried out a systematic, illegal pricing and […] [Read More]

In advance of Richard Cordray’s semiannual appearance before the U.S. Senate Banking Committee, lawmakers from Congress’ upper chamber conducted a hearing on Tuesday dubbed “Assessing the Effects of Consumer Finance Regulations,” where the primary topic was Consumer Financial Protection Bureau impact. While the CFPB’s director returns to Capitol Hill on Thursday, the Senate committee spent […] [Read More]

As GrooveCar significantly broadened its network of partners, PenFed Credit Union forged a relationship with CU Direct and the CUDL Network during last week’s NADA Convention & Expo with the expectation of increasing member loans and enhancing overall efficiencies with dealerships. Beyond the growth in membership and assets, PenFed sees this new partnership as a […] [Read More]

Continuing a theme in the Black Book Market Insights report series, wholesale truck prices are softening amid the spring selling season’s peak.  And, really, the early part of 2016, in general.  This downturn for many segments so far this year runs contrary to the trends spotted in the second half of last year, according to Black […] [Read More]