Cox Automotive Canada and its Manheim Edmonton, vAuto, VinSolutions, Xtime, DealerTrack and NextGear Capital business units have pledged their support to the wildfire-ravaged community of Fort McMurray, Alberta, in the form of a $30,000 donation to the Canadian Red Cross.   “Like all Canadians, we have seen the devastating images from Fort McMurray. We know […] [Read More]

The impact from the upswing in off-lease volume isn’t likely to be nearly as dramatic as some have feared, says a report released Friday by Scotiabank. And 2016 has started off with strong demand in both the new- and used-car markets. A summary of the Scotiabank Global Auto Report said there has been a 3-percent […] [Read More]

Edmunds.com is partnering with several top car brands to promote the benefits of certified pre-owned vehicles as part of CPO Month in May. The effort, which includes backing from title sponsors Toyota and Lexus along with Mercedes-Benz and Volvo, is happening during a time when shoppers are becoming increasingly aware of the benefits of CPOs. […] [Read More]

Joe Lamphier, vice president of sales and marketing for Crown Automotive Group, said he will be participating in Cut for a Cure to benefit the National Pediatric Cancer Foundation. Cut for a Cure is the National Pediatric Cancer Foundation’s annual campaign to raise money and awareness for pediatric cancer. Individuals who participate in the campaign […] [Read More]

While Black Book noticed that the 12-month annual depreciation shows the gap between cars and trucks is narrowing, the Manheim Used Vehicle Value Index made a slight upward turn in April after starting the year with three consecutive monthly declines.  Manheim determined that wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) […] [Read More]

The percentage of TrueCar’s business comprised by used cars is up. And that’s no accident. Nor is it simply a market function. “If you look at our business over the past couple of years, you’ve seen used cars grow every quarter,” TrueCar president and chief executive officer Chip Perry said during the company’s quarterly conference […] [Read More]

Northern California auto dealers are meeting in a new, high-tech venue for weekly United Vehicle Auction events: the UVA Center at ADESA Brasher’s in Sacramento. In a news release announcing this week’s grand opening, John Brasher, general manager at ADESA Brasher’s, described it as a “high-octane event” that set a new standard for weekly auctions. […] [Read More]

Three large industry organizations — the American Financial Services Association, the American Bankers Association and the Consumer Bankers Association — all found similar issues with the proposed rule governing arbitration released on Thursday by the Consumer Financial Protection Bureau. As AFSA said it anticipated, the proposed rule bans the use of class-action waivers in consumer […] [Read More]

Coinciding with the recent hiring of a former executive at Hyundai and Nissan as vice president of product development, EFG Companies highlighted this week that it is the only F&I product provider to be named to the BenchmarkPortal Top 100 call centers for 2016. EFG Companies also was ranked in the Top 25 quartile for call centers […] [Read More]

Hyundai and Lexus took top honors in the non-luxury and luxury categories, respectively, during Autotrader’s recent analysis of the best certified pre-owned vehicle programs. While manufacturers tend to offer a range of perks with CPOs, Autotrader opted to focus on warranty coverage. “The No. 1 benefit of any CPO program is the warranty, so we […] [Read More]