Prime Minister Stephen Harper’s announcement regarding a free-trade agreement between South Korea and Canada garnered a bit of a mixed review from the automotive industry and unions. Unifor, one of Canada’s largest unions in the private sector, even went so far as to say the Canadian auto industry is “threatened” by the free-trade deal with […] [Read More]

As published reports indicate the Department of Justice is preparing a criminal investigation of General Motors and the recall of more than 1.3 million older, discontinued models because of ignition problems, the automaker is offering $500 to owners of these units to put toward the purchase or lease of a new vehicle. But what about […] [Read More]

There was a 3-percent month-over-month increase in AuctionNet sales volume in February for cars up to 8 years in age, according to NADA Used Car Guide, which noticed particularly strong increases in transactions of cars from the 2014 and 2012 model-year classes last month. The latest Guidelines report indicates there were close to 1,600 AuctionNet […] [Read More]

Manheim operating locations across the U.S. were honored by customers for delivering top results in the vehicle remarketing industry in 2013, from service, volume and quality to auction of the year, the company said Wednesday. Presented during the NAAA/CAR/IARA event held last week in Las Vegas, the awards earned include recognitions for Auction of the […] [Read More]

ADESA’s Tom Kontos pointed to two factors as to why February’s wholesale price movement ended up being “atypical.” According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, used vaules in February averaged $9,839 — down 1.4 percent compared to January, but up 0.9 percent relative to February of last […] [Read More]

Though wholesale prices rose overall last month, according to Kelley Blue Book’s latest Blue Book Market Report, values for full-size pickup trucks are lagging behind the industry average. This may come as a surprise, since  large truck segments showed very strong retention levels throughout 2013. Much of this strength was due to a spike in […] [Read More]

Auction values may be on the rise as spring season gets underway, but fuel prices remain low. The result?  Consumers may be less inclined to shell out for fuel-efficient models such as the Toyota Prius. According to Kelley Blue Book’s latest Blue Book Market Report, auction values rose this past month, hitting an average of […] [Read More]

Another executive recently moved over from Santander Consumer USA Holdings to join the team at Exeter Finance Corp. On Tuesday, Exeter announced its new executive vice president of strategy and planning is Steve Zemaitis, who served in multiple executive roles at Santander, including chief credit officer and executive vice president of pricing and analytics. Zemaitis […] [Read More]

Experian Automotive’s most recent data showed how much more risk captive lenders are taking in regard to loan-to-value (LTV) levels when booking contracts for used models. Experian indicated LTVs for captives that financed used vehicles in Q4 jumped by 306 basis points to an average of 128.6 percent. That year-over-year increase was far more than […] [Read More]

More than a dozen trends arose when CarFinance.com examined its full-year financing data to find out the Top 10 new- and used-vehicle choices for its below-prime vehicle buyers in 2013. On the new-model side, CarFinance.com discovered the list of most purchased vehicles diverges completely from the overall Top 10 selling vehicles in the U.S. The […] [Read More]