As the number of off-lease vehicles entering the remarketing cycle continues to grow — another 800,000 are expected to hit the market next year — the average transaction prices for used vehicles are on the way up. Many of these off-lease vehicles are near-new, and in light of the influx of these models, the Edmunds.com […] [Read More]

Wholesale prices fell for the third month in a row in November but remain elevated in light of low supply. According to the ADESA Canada Used Vehicle Price Index, powered by ALG, wholesale prices fell on average by a slight 0.1 percent this past month. ALG’s Canada regional director Geoff Helby reported almost all vehicle […] [Read More]

A new online vehicle broker service has recently hit the Web, and the inspiration for the new company stemmed from frustration with the current car-buying process. KosLo’s chief executive officer and founder Devin Koskan may not have a background in the auto industry — but he has, of course, purchased vehicles before, which helped spark […] [Read More]

Whew, what a day.  Several announcements were made Thursday regarding new and ongoing issues related to three different automakers — and they were quite substantial. These evolving matters include an update on Volkswagen’s diesel situation, the final report on General Motors’ ignition switch compensations to those affected, and a civil penalty brought against Fiat Chrysler Automobiles […] [Read More]

RSR Global, who specializes in aftermarket retail products and programs for the auto industry, has chosen a former ADESA executive as its new president. Karey Davidson, chief executive officer of RSR Global recently announced Steve Langdon will be the company’s new president, effective in January. Langdon was most recently senior director of dealer sales at […] [Read More]

Auto Remarketing Canada and the Trillium Automobile Dealers Association (TADA) are pleased to announce a partnership for the upcoming industry leading conference in April. The Auto Remarketing Canada Conference will return to the Westin Harbour Castle in Toronto on April 4 and April 5 for another event full of networking, analysis from the industry’s leading […] [Read More]

Volkswagen Canada kicked off December with a nationwide apology campaign, utilizing ads featured in over 100 newspapers across the country as well as a digital campaign to apologize to the Canada’s Volkswagen owners for the company’s damaged reputation following the diesel scandal uncovered earlier this year that is still not entirely fleshed out. Thomas Tetzlaff, […] [Read More]

There were 9.45 million used-car sales in the third quarter, beating year-ago figures by 2.5 percent, according to Edmunds.com. And one vehicle age group, in particular, is becoming an even bigger part of that market.  In its Q3 Used Vehicle Market Report, Edmunds said that cars 3 years old and newer accounted for roughly two-fifths (39.1 […] [Read More]

While Volkswagen has been facing NOx-emission-related issues in North America for its diesel vehicles, the company has also been handling a CO2-emission-related issue in Europe. Wednesday, the company says that issue is “largely concluded.” Questions arose from the German government’s Federal Motor Transport Authority a month ago estimating that approximately 800,000 vehicles manufactured by VW’s […] [Read More]

High-end electronics, jewelry and apparel evidently aren’t the only popular gift choices consumers with the financial wherewithal to make such a purchase are selecting during the holiday shopping season. Perhaps piggybacking off of those OEM advertisements showcasing the shiny high-line vehicle in the driveway with the big red bow attached, Experian Automotive discovered more than […] [Read More]