Wholesale prices are continuing to correct after experiencing seasonal highs earlier this spring. Using its AuctionNet data and analysis, NADA Used Car Guide is predicting prices to fall by 0.4 percent or $75 this week. And only one segment is expected to see prices lift: midsize vans, which are predicted to see price gains of […] [Read More]

The Big 3 combined to sell more than 68,000 certified pre-owned vehicles last month, as their year-to-date figures race ahead of 2013 numbers by nearly 17 percent. That’s according to figures released last week by Autodata Corp., which said the programs within General Motors, Ford and Chrysler moved a grand total of 68,253 CPO units […] [Read More]

The Ford F-150 has done it again. Scoring the top spot for April, the truck has managed to swipe the No. 1 spot as the most appraised vehicle in Canada every month this year. In fact, the top three models were all consistent with March results in the April TradeTracker Used Vehicle Market report as […] [Read More]

General Motors informed the National Highway Traffic Safety Administration about two more recalls, including one campaign associated only with orphan brand Saturn. The two recalls cover more than 100,000 units. The larger of the two campaigns is for Saturn Aura vehicles from the 2007 and 2008 model years. A total of 56,214 units equipped with […] [Read More]

While revenue and gross profit at each of its three largest subsidiaries improved year-over-year, KAR Auction Services reported that its net income decreased 29 percent as a result of refinancing activities during the first quarter. KAR generated $583.8 million in revenue during the first quarter that ended March 31, representing a 5-percent increase from the […] [Read More]

This week, Internet-based customer relationship management developer VinSolutions completed the integration of Carleton’s SmartCalcs consumer lending and leasing calculation engine into its recently enhanced desking platform.  Carleton provides lending compliance software products to many of the major lending captives and lenders in the auto industry. Officials said this new integration will enable VinSolutions dealers to […] [Read More]

"Always answer the phone," could be a dealership’s best sales route, according to recent research by CallSource Automotive showing that customers who call to inquire about a vehicle typically make a purchase in two to five days. On Tuesday, CallSource Automotive announced a partnership with IHS Automotive to provide dealer customers with analytics on how many […] [Read More]

The list of the 25 most-researched used vehicles on KBB.com in April was fairly steady at the top, with the top six remaining the same. There was, however, one particularly notable climber on the used-car list: the Chevrolet Silverado 1500 Extended Cab, which jumped five spots to come at No. 21. The Honda Civic led […] [Read More]

Hendrick Automotive Group needed a way to find more used cars for its dealers while also employing a more efficient way to remarket the trade-ins that arrive on their lots. So, the retailer teamed up with Manheim and rolled out Hendrick’s first onsite auction lane in Charleston, S.C. Before today, there had been four sales […] [Read More]

As the first quarter wrapped up, two European automakers secured all-time certified pre-owned monthly sales records in April. First up, Volkswagen Canada broke the first all-time record month it notched in March by over 100 units this past month. In April, the company sold 1,635 CPO units, breaking another record, and soaring above April 2013 […] [Read More]