Price softening in the lanes has become a weekly trend as we head into summer. For the third week in a row, NADA Used Car Guide is predicting prices will drop by 0.3 percent (or $50). Midsize vans are expected to see the only increase in price this week, rising by 0.3 percent ($50). The […] [Read More]

The authenticity of prepared remarks made by General Motors chief executive officer Mary Barra — voiced Thursday when the automaker released its internal investigation into the botched ignition switch recall — varies depending on the perspective of the analyst, consultant or lawmaker. But one public relations consultant told Auto Remarketing that Barra missed the chance […] [Read More]

Continuing an overall trend described by American Bankruptcy Institute leadership as a “nose dive,” total bankruptcy filings in May in the United States decreased 11 percent year-over-year. According to data provided by Epiq Systems, bankruptcy filings totaled 85,664 in May, down from a total of 96,495 filings recorded in May of last year. Consumer filings […] [Read More]

AutoCanada announced Thursday it will be buying up more dealerships than expected over the next year — and the company will be expanding under the same leadership. The dealership group provided an update on acquisition guidance as well as announcing Pat Priestner, chairman and chief executive officer, will be staying on with the company until […] [Read More]

Last month, the seasonally adjusted annualized rate for used-vehicle sales was the strongest it has been all year, according to Edmunds.com senior analyst Jessica Caldwell, who pinpointed May’s used SAAR at 36.3 million. Calling it a “strong month for used sales,” Caldwell told Auto Remarketing that an ideal financing environment for franchised dealers was among […] [Read More]

In part to help the organization make the transition for its annual convention to be a part of Used Car Week, the National Auto Auction Association announced the appointment of two staff members to new positions in a reorganization of its management structure. NAAA explained the change, effective immediately, will streamline operations and enhance internal […] [Read More]

Results of the Brand Perception of Quality study orchestrated by ALG showed how Honda and Mercedes-Benz edged out their import competitors to deliver what consumers perceive to be the highest quality vehicles. ALG, the analytics division of TrueCar, indicated that Honda received the highest ratings among mainstream brands, followed by Toyota and Volkswagen. Mercedes-Benz earned […] [Read More]

May represented a best-ever month for certified pre-owned sales, as dealers moved 207,371 CPO vehicles, beating year-ago figures by nearly 11 percent. That’s according to numbers released Wednesday afternoon by Autodata Corp., which said May sales were “the highest ever” and beat April by 7.4 percent and eclipsed May 2013 by 10.9 percent. What’s more, […] [Read More]

As the buying and selling of vehicles becomes more of a digital process, the lines between wholesaler, retailer and consumer continue to blur. Cheryl Munce, chief executive consultant at ALTESO Inc. and panelist at the 2014 Auto Remarketing Canada conference, goes so far as the ask the industry this question: “Isn’t it time to lead […] [Read More]

May brought with it another record month of certified pre-owned sales for two automakers. This past month, Mazda Canada, whose CPO program launched a short two years ago, notched its best month ever for CPO sales. The company sold 613 certified vehicles in May, up from 554 sold during the same period of 2013. Year-to-date, […] [Read More]