Although final numbers are still being sorted out, April’s used-vehicle sales likely reached a summit just a shade under 4 million, according to CNW Research, which said this would beat year-ago numbers by 3.7 percent. The firm put out its latest Retail Automotive Summary on Wednesday, not long before many automakers were releasing monthly certified […] [Read More]

vAuto announced this week it has promoted one of its own to lead the company’s product management efforts. Mandi Fang has been promoted to the role of vice president, product management — a newly created position for vAuto. The company said that Fang will lead the development, growth and innovation of the company’s new- and […] [Read More]

Wholesale prices are expected to continue dropping from tax-season highs. In its AuctionNet price analysis sent Thursday, NADA Used Car Guide is predicting that this week's auction prices will end up dropping by an average of 0.3 percent, or $50. While the compact car and midsize van segments are expected to “hold steady” over the […] [Read More]

Though relief from high prices at auction is almost visible on the horizon, according to industry predictions, dealers are still having to shell out for quality used vehicles in the lanes, at least for the short term. According to RVI’s Q1 report, in March, used-car prices at auction rose by 2.8 percent from February and […] [Read More]

One industry observer classified Alan Mulally as “the man who saved Ford.” Now it’s up to Mark Fields to keep the Blue Oval on an upward track. As was reportedly to be in the works, Ford announced Thursday that Mulally has decided to retire from the company July 1, and Fields will be named Ford […] [Read More]

Announcing two new market vice presidents this morning, Manheim said Randy Beil — who has been vice president of remarketing for Chase Auto Finance since 2010 — will serve as the company’s MVP for the North Central Market, and Rob Touchette, who has been with Manheim since 2010, was named to the same role in […] [Read More]

It’s been a big week for AutoCanada. In time with the company revealing it is in the process of adding eight new dealership to its lineup, the dealer group also recently announced it has increased its floor plan credit facility to $550 million. This marks an increase of $200 million to its existing syndicated floorplan […] [Read More]

Donald Romano takes the reins at Hyundai Auto Canada Corp. today as its new president and chief executive officer. The former chief operating officer is replacing Steve Kelleher in the leadership position, who elected to retire at the end of April after 28 years with the company. Romano revealed today some of his plans for […] [Read More]

In one particular piece of The Blue Sky Report from Haig Partners, the firm emphasizes the often strong profitability of a dealer’s pre-owned operation, while also illustrating the importance of that department with this key statistic: The share of total retail unit sales for franchised dealers that used vehicles accounted for in 2013 was more […] [Read More]

New-vehicle incentives are ticking a bit higher compared to this time last year, but analyses from a variety of outlets are showing automakers haven’t emptied their chambers in the incentive department — and as most know, strong incentives can potentially erode used values down the road. Auto Remarketing examined incentive trends from CNW Research, Cars.com and […] [Read More]