Used car price drops are expected to drop by over 1 percent at auction during this first week of summer. NADA Used Car Guide’s AuctionNet data indicates used-car prices will drop by 1.1 percent or $175 this week. Overall losses will be “moderate” said David Paris, automotive analyst at NADA UCG, but a few segments […] [Read More]

Interest among consumers in certified pre-owned vehicles continues to rise, including many Millennials and young professionals who may use CPO as an entry into the luxury car segment. With that in mind, Kelley Blue Book released its "10 Best Certified Pre-Owned Luxury Cars Under $30,000" — a list that may come in handy for a […] [Read More]

If you’re preparing to switch dealer management software, there are many things to consider as it relates to converting your data. How complete your data is in your new application will determine how effectively you can use the software. Here are important questions to ask your current DMS provider as well as the new provider […] [Read More]

In news relevant to both dealers and consumers, CarProof data reveals that more than one-third of the vehicles have a lien, or security for debt owing. The company shared, interestingly, this is a fact that most Canadians are “largely unaware of.” Specifically, CarProof’s study of vehicle history reports showed that 37 percent of vehicles in […] [Read More]

If you count on Auto Remarketing Canada's news from the pre-owned auto industry hitting your inbox every week, take note! There is one step you will need to take to ensure you keep receiving the e-newsletter and digital magazine after Canada's new anti-spam laws officially begin. All it takes is one click. In anticipation of […] [Read More]

More applicants who already have a large amount of debt are taking a toll on approval levels at Swapalease.com. Site officials reported on Wednesday that lease credit approvals during the month of May came in at 60.6 percent — the lowest monthly level of the year and down from January when the approvals rate stood […] [Read More]

Sen. Chuck Schumer is urging the Federal Trade Commission to create another regulatory hurdle for dealers to clear in order to sell used vehicles, using an incident allegedly involving a truck sold by a CarMax store in California as leverage to further the campaign. The New York Democrat sent a letter this week to the […] [Read More]

ServNet auctions across the country are celebrating decades of business with anniversary sales and events. First up, Pittsburgh Auto Auction celebrated its 36th anniversary on May 5-6, welcoming more than 900 bidders to the lanes and posting the sale of more than 1,000 vehicles. Chris Angelicchio, PAA general manager, reported that following the Monday sale, […] [Read More]

Manheim Riverside in Riverside, Calif., hosted 62 members of the Pacific Southwest Chapter of the NAFA Fleet Management Association on June 10, the first time the location hosted this local chapter. A record number of members attended, most experiencing their first visit to a wholesale car auction. They were divided into four tour groups, led […] [Read More]

The litany of recalls at General Motors this year may wind up costing the automaker a great deal financially, but GM’s stores may actually realize some pretty nice gains — including attractive offers on the dealership buy-sell front. Haig Partners, which released The Blue Sky Report for the first quarter of 2014 on Wednesday, has […] [Read More]