Most automakers reporting certified pre-owned sales so far saw sales increase in January, and two luxury brands reported their best January ever. Porsche Approved Certified Pre-Owned sales reached 101 units, which is a record for the month. This performance bested the previous January record of 77 CPO sales established the prior year. The Mercedes-Benz Pre-Owned […] [Read More]

The top three most-appraised vehicles Canadian dealers saw last month were, you guessed it, trucks. To be more specific, they were light-duty trucks, and you probably won’t be surprised which ones they are, because they’re the usual suspects: Ford F-150, GMC Sierra 1500 and Ram 1500. That’s according to Dealertrack’s monthly Tradetracker report for the […] [Read More]

Service technicians, consumers and dealers have a few months to get up to speed on the first changes the Ontario Ministry of Transport has made to used-vehicle safety standards in 42 years. Many think the changes are long overdue, as recent developments such as anti-lock brakes and even airbags weren’t even available in 1976. The […] [Read More]

Here’s some good news for buy-here, pay-here operators who have interests in Wisconsin. PassTime, Hudson Cook and Minneapolis-based law firm Reinhart Boerner Van Deuren recently met with the Wisconsin Department of Financial Institutions (DFI) to discuss how GPS and payment assurance technology functions as well as how the technology protects creditors and benefits consumers.  At […] [Read More]

Don’t expect to see a huge residual value impact from the decision to transition Scion to the Toyota brand. According to Eric Ibara, Kelley Blue Book’s director of residual values, Scion vehicles tend to hold their value better than others. But the challenge was from increased preference of utility vehicles over cars — something that […] [Read More]

Updates from Barret-Jackson this week show that the auction raised $3,406,000 for both local and national charitable organizations during its 45th Anniversary Auction held in Scottsdale, Ariz. at the end of January. The auction sold 11 charity vehicles during this year’s event, bringing the company’s overall charitable auction sales to date to a little over […] [Read More]

Along with hiring an executive for a personnel role, CarGurus released a study this week identifying where consumers report the best vehicle-shopping experiences as measured by customer ratings of dealerships submitted to the site. Topping the list where shoppers gave the highest percentage of perfect five-star reviews when rating their dealership buying experiences was Nashville, […] [Read More]

Penske Automotive Group announced Wednesday it has donated $913,000 to the organization Paralyzed Veterans of America. As a corporate partner of the Veteran’s organization, the funds were raised through Penske’s “Service Matters” campaign, which gives customers the option to make a donation when they’ve had their vehicles serviced at a Penske Automotive Group Dealership. All […] [Read More]

After a fifth straight record year, the certified pre-owned car market began 2016 with a modest dip, as January sales fell 2.1 percent on a year-over-year basis. But keep this in mind: January 2015 was the best January ever for CPO sales. And this past month was the second-best, according to Autodata Corp.  There were 190,951 […] [Read More]

vAuto, whose parent company is Cox Automotive, is coming out with a new wholesale sourcing tool. The companies aim to launch the all-new Stockwave at the upcoming 2016 NADA Convention & Expo in Las Vegas. And the tool isn't just for stores who use vAuto — it is open to all dealers. Dale Pollak, the […] [Read More]