AutoCanada Inc. announced this week it has added another store to its lineup in British Columbia with the purchase of Don Folk Chevrolet in Kelowna. This announcement comes after AutoCanada management explained in the company’s second-quarter sales results conference call that low oil prices and a suffering economy in the West wouldn’t deter the dealer […] [Read More]

Kia Canada is utilizing the world’s most popular and accessible sport, soccer, to help support underserved youth. The company began its fifth annual Drive Change initiative on Friday, joining three Canadian Major League Soccer teams in Montreal, Vancouver and Toronto to put on free soccer camps while also leveraging its 188 Canadian dealers and business […] [Read More]

There was a 4.79-percent increase in the Fitch Ratings auto lease residual value index in June, which was fairly close to the behavior shown in the prior six months. But here’s the thing: residual values were trending downward in the first half of the year, and that’s likely to be the case in the second […] [Read More]

Perhaps vehicle buyers on your lot aren’t interested in every single new bell and whistle a model can have nowadays. Or store personnel isn’t explaining how the technology works thoroughly enough at the time of delivery. Those findings and more are part of the J.D. Power 2015 Driver Interactive Vehicle Experience (DrIVE) Report, which found […] [Read More]

The National Automobile Dealers Association through its online outlet NADA University updated its guide to the Family and Medical Leave Act in light of the June 26 Supreme Court decision legalizing same-sex marriage in all 50 states. NADA officials explained spouses now qualify for leave under the Family and Medical Leave Act (FMLA) if their […] [Read More]

DealerSocket announced today that Jaguar Land Rover has named the technology provider as one of the three preferred website providers for the automaker.   Via its DealerFire product offering, which was acquired by the company in January, DealerSocket will provide websites and digital marketing solutions for Jaguar and Land Rover dealerships. “We’re very excited for […] [Read More]

When Patsy Staub drove by Manheim Pennsylvania auction 28 years ago, she wasn’t sure exactly what went on all day at the mammoth facility that stretches for acres upon acres of Lancaster County. “And then I saw a job advertisement, and I thought, ‘Oh, I’ll go in and check it out,’” Staub said. “If anybody had […] [Read More]

As September nears, both TrueCar and Kelley Blue Book are predicting new-car sales declines this month, while the number of used cars retailed is expected to grow. According to TrueCar, total used sales, including franchised and independent dealerships and private-party transactions, may exceed 3,353,742, which would mark a 3.8-percent year-over-year increase. The story is a […] [Read More]

Black Book is projecting that vehicle depreciation will be relatively stable in 2015 — coming in between 14.0 percent and 14.5 percent by the end of year. As a result, Fitch Ratings believes the depreciation movement will result in only a small impact this year on auto ABS asset performance as well as loss rates. […] [Read More]

In a move that came together since the companies do not have “philosophical differences on how to treat the customer,” Enterprise Car Sales now has the equivalent of a captive to help deliver its off-rental vehicles to buyers through a new multi-year, private-label agreement with Chase. Under the agreement announced on Tuesday, Chase Auto Finance […] [Read More]