After seeing prices drop by an average of $50 or more for the past three weeks, NADA Used Car Guide is predicting depreciation will slow slightly this week in the lanes. Wholesale prices are expected to drop by 0.2 percent (or $25) this week, according to NADA UCG AuctionNet data. This prediction compares to last […] [Read More]

The bulletin connected with indirect auto financing issued by the Consumer Financial Protection Bureau last March could be receiving a significant makeover if a measure working its way through the U.S. House continues to move forward. In what the National Automobile Dealers Association called a rare show of bipartisan cooperation, officials recapped that the House […] [Read More]

May’s new-car market notched a Canadian record, posting a new monthly sales record last month. The Canadian Automobile Dealers Association reported more than 195,000 new cars and trucks were sold across Canada last month. This number represents the best sales month in history of the Canadian new-vehicle market. "This is great news for our dealer […] [Read More]

Last summer, Kia Canada Inc. announced a new online tool for dealers, feet and rental partners that has made acquiring used and certified pre-owned vehicles a bit easier. More specifically, Kia said in July that it had partnered with Web-based auction AutoGavel Exchange — powered by North Toronto Auction — to offer an online inventory […] [Read More]

If you were to put a group of international nameplate dealers on the spot and ask why they maintain their membership in AIADA, you would get a variety of answers covering everything from global trade to overreaching regulatory agencies. Some would point to AIADA’s spring Auto Summit in D.C., while others would identify its publications, […] [Read More]

Toyota Motor Sales said on Wednesday that it will re-notify owners of certain older vehicles involved in a safety recall first announced last April for the front passenger airbag inflators installed in several models. The automaker said it is modifying the remedy procedure. OEM officials explained the 2013 recall remedy involved inspection of the front […] [Read More]

Though incentive levels remained essentially flat in May, spending still came in at the second highest rate seen this year. That’s according to Cars.com data, as the site reported on Wednesday that overall incentive spending in May came in at approximately $2,680 per vehicle. NADA Used Car Guide also reported on incentive spending this week, […] [Read More]

ADESA this week announced continued benefits to registered dealers who purchase vehicles online, via the implementation of various new products and services. ADESA’s High Bid Wins program, for example, makes it easier to purchase dealer-consigned vehicles online by setting an opening price at reserve for all off-site dealer-consigned vehicles available on ADESA.com. “This program offers […] [Read More]

ADESA noticed dealers are seeing some post-tax season price relief in the lanes, but the amount managers are paying for inventory remains higher than a year ago. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, prices in May averaged $10,321 — down 1.5 percent compared to April but […] [Read More]

Online car shoppers looking for monthly payment information are often hesitant to submit their personal information in exchange. But dealers have a new way to reach budget-conscious car buyers, thanks to a partnership announced on Wednesday. Officials at DriveItNow and PureCars said their collaboration offers dealers who subscribe to both companies the ability to engage […] [Read More]