Canadian certified pre-owned sales were strong in August, with all reporting OEMs announcing certified sales increases, and two automakers notching monthly records. Volkswagen Canada enjoyed a record August for CPO sales, with its dealers delivering 1,613 CPO vehicles in August. This represents an increase of 14.7 percent year-over-year. Year-to-date, the company has sold 12,077 CPO vehicles, […] [Read More]

CarProof Corp., makers of vehicle history reports, announced Wednesday the addition of easy to read badges to its reports as an attempt to improve readability and simplify transparency. The new badges aim to make it easy for car buyers to identify key attributes they may be looking for in a used vehicle, examples being accident […] [Read More]

Monthly certified pre-owned sales fell on a year-over-year basis for the first time since June 2014, but year-to-date sales are still more than 10 percent ahead and four brands posted best-ever sales results. There were 220,416 certified sales in August, which was off 1.1 percent from August 2014, according to a roundup of CPO sales from […] [Read More]

Jenifer Eggert, vice president of digital services at Manheim, has been exploring the digital possibilities for car sales since first joining Autotrader.com over a decade ago. Eggert, who is one of the Remarketing and Used-Car Industry's 40 Under 40, is now responsible for overseeing wholesale digital strategy and execution at Manheim and its parent Cox Automotive. […] [Read More]

Alec Gutierrez, senior market analyst of automotive insights at Kelley Blue Book, may not have started his career right off the bat in the automotive industry — but he was always a self-professed “car guy.” Gutierrez, one of the Remarketing and Used-Car Industry's 40 Under 40,  joined the KBB team back in 2007 after working in […] [Read More]

Shift Technologies announced Tuesday it has raised $50 million via Series B funding for its car buying and selling marketplace. Powered by its Series B funding led by Goldman Sachs Investment Partners, along with its previous Series A financing from DFJ and Highland Capital Partners, Shift offers end-to-end concierge services for vehicles of buying and […] [Read More]

As automakers report August sales this week, here’s a rundown of how a few more brands are faring in the certified pre-owned market: Hyundai sold 8,166 CPO units August, versus 9,254 CPO sales in August 2014. Through eight months, it has sold 63,707 certified vehicles, compared to 63,596 CPO sales in the prior-year period. Porsche […] [Read More]

Two of the three operating segments within AutoNation's retail new-vehicle unit sales metric registered increases in August. The dealer group reported the sales breakdown went as follows: — 10,239 units for domestic, up 2 percent versus August of last year — 14,641 for import, down 14 percent versus August of last year — 6,152 for […] [Read More]

As vehicle quality and durability has increased over the years, a recent study shows these factors and more are leading to stronger used-vehicle prices. The latest report from the Used Car Guide division of J.D. Power focuses on how improving quality is having an impact on how new cars are bought and sold as used […] [Read More]

To hear Pelican Auto Finance chief executive officer Troy Cavallaro explain the impact, the $100 million warehouse funding facility with Wells Fargo Securities the company announced on Wednesday will help the deep subprime auto finance provider in two places. The facility represents Pelican’s chance to advance both on Wall Street as well as dealerships that […] [Read More]