After reporting that consumer demand is driving wholesale prices up, Manheim’s Tom Webb covered one player that could potentially reverse this price trend in the future: off-lease and off-rental vehicles. During this week’s conference call to discuss Manheim Used Vehicle Value Index movement for the second quarter, Webb touched on a topic many dealers and […] [Read More]

AutoGO.ca now offers a new tool for gauging theft frequency that could benefit both dealers and their consumers. The theft frequency estimator, developed by the website in conjunction with National Bank Insurance Auto | Home and Adviso Conseil Inc., is integrated into the used-car listings on AutoGO’s website to help buyers looking for a car […] [Read More]

After beginning to fall in May, wholesale prices turned down slightly this past month, as well. The Manheim Canada June Used Vehicle Value Index was down 2.9 points from May, coming to rest at 96.0. And though dealers may be seeing a bit of price relief in the lanes as we head into summer, prices […] [Read More]

Two Asian automakers and one of the Big 3 topped the list of the 2014 Vincentric Best Fleet Value in Canada awards. The results of the third annual set of awards were recently announced, and Nissan and Toyota shared the top spot. Each of these brands won a total of eight Vincentric awards. And even […] [Read More]

ELEAD1ONE announced this week that they have hired a new vice president of strategic operations. The new addition, George Athan, comes into the position with nearly 30 years of experience in the auto retail operations field, including time spent with AutoNation and DCH Auto Group. Bill Wittenmyer, ELEAD1ONE partner, believes Athan will fit into the […] [Read More]

Southeast Toyota Distributors announced this week the new hire of a vice president of sales operations. Appointed to the newly created role is Billy Hayes, former vice president of global zero emissions vehicles for Nissan in Japan. As the VP of sales operations, Hayes will oversee the field sales and training departments. Ed Sheehy, the […] [Read More]

So, used-vehicle sales in June were not as strong as they were earlier this spring. But, as ADESA’s Tom Kontos points out, new-car sales were “great.” And that means more trade-ins for dealers, which tends to bode well on the used-car side of their stores. “There was a bit of a respite in year-over-year retail […] [Read More]

In early June, analysts said General Motors’ recalls had not influenced the leasing market much yet, at that point, with incentives staying relatively stable. But the tides may be turning, as GM brands showed the most active lease price movements this past month. According to latest report on lease deals from Wantalease.com, it is GM-brand […] [Read More]

The number of cars sold by Toyota Financial Services on OVE.com in 2013 was the highest annual sales tally any one customer has ever posted on the remarketing website. And TFS was honored accordingly, as it recently received the OVE.com Highest-Volume Seller Award for 2013 from Manheim. Michael Reid, national manager of Toyota Financial Services/Lexus […] [Read More]

Women heading into a Mercedes-Benz or Volvo dealership leave the lots the most satisfied with their experience. That’s according to the Mid-Year Report from Women-Drivers.com highlighting top automotive brands rated by women when purchasing. The site analyzed car dealer reviews written by women when purchasing a vehicle from January through June of this year. On […] [Read More]