Seasonality took a turn last month — with used price trends resembling those normally seen in later fall, not the dead of summer. That’s according to the latest Guidelines report from NADA Used Car Guide, which stated prices on vehicles up to 8 years in age fell by 3.5 percent on a monthly basis in […] [Read More]

Used-car price changes may be varied this week, as NADA’s AuctionNet data shows expected segment movement will range from a drop of $350 to a slight $25 spike in price. But leading the declines, according to NADA, will once again be the luxury cars — a segment that has seen weak retention as of late. […] [Read More]

With over 200,000 off-lease vehicles set to hit the remarketing channels this year, KAR Auction Services has much to look forward to, both in its online and physical auction channels — an environment company management said is “full of opportunity” during the company’s presentation at the J.P. Morgan 2014 Auto Conference. But others in the […] [Read More]

The momentum on the acquisition front continues to develop for Canada’s largest publicly traded dealer group. AutoCanada just announced across-the-board financial growth in its second-quarter conference call last week, and it has already added to the mountain of acquisitions made in the first half of the year with this week’s addition of Tower Chrysler in […] [Read More]

With rumors of expanding used supply on the horizon, as well as more palatable used-car prices, The Used Car Dealers Association of Quebec, known as AMVOQ, (Association des Marchands de Véhicules D'occasion du Québec),  is launching a certified pre-owned program for the province’s independent used-car dealers. The new program — AMVOQ Certified Pre-Owned — will […] [Read More]

TRADER Corp. is entering the online auction ring with its new product TRADER Exchange. The new dealer-to-dealer auction tool gives TRADER’s dealer customers a way to wholesale vehicles without leaving the portal they have used to retail units to customers in the past. In an interview with Auto Remarketing Canada, Gayle Kosokowsky, director of B2B […] [Read More]

Through seven months of 2014, the brand most shoppers have requested in the Costco Auto Program’s certified pre-owned offering is Toyota, according a list provided to Auto Remarketing by the company. Placing second was Honda, followed by Ford, Chevrolet and Nissan, respectively. That top five follows the same order of most-requested CPO brands for full-year […] [Read More]

On Wednesday, FLD Inc. announced a director of business development for its central region, appointing Damian Entrican to the position. Entrican’s experience in the auto business goes back more than 15 years, including his post as sales manager at Insurance Auto Auctions, his most recent before joining FLD. He is also a member of the NAFA Fleet Management […] [Read More]

ADESA announced this week that is has raised $157,856 via several of its auction locations to donate to JDRF. Formerly known as the Juvenile Diabetes Research Foundation, JDRF is a non-profit charitable organization dedicated to eradicating juvenile diabetes while leading the funding for type 1 diabetes research. Auctions in five different locations worked with Ford’s […] [Read More]

A potential airbag mechanism malfunction is prompting Jaguar Land Rover North America to recall 40,551 SUVs, according to documents from the National Highway Traffic Safety Administration. The recall covers the Land Rover LR2 from the 2010 through 2015 model years as well as the Range Rover Evoque vehicles from the 2012 and 2013 model years. […] [Read More]