Wrapping up a strong tax-season selling season, used-vehicle prices were still on the way up in April. According to Black Book data, wholesale prices rose by an average of 0.9 percent compared to March rates. Specifically, domestic cars saw prices rise by 2.7 percent, followed by import cars with a price spike of 0.2 percent. […] [Read More]

Though rental and fleet sales for automakers can be looked at in a variety of ways — as many automakers try to pass of some of their harder-to-move products in this fashion — these types of sales normally bode well for the used-car market in the near-term. With used-car supply so low, rumors of high […] [Read More]

Nissan Canada Extended Services Inc. announced a new partnership this week with Safe-Guard Canada that will give dealers another warranty and protection program to offer new customers. Protection plans administered by Safe-Guard Canada will be available to Nissan and Infiniti buyers and lessees in 219 dealer showrooms across Canada beginning in the third quarter of […] [Read More]

An exclusive report from Reuters released Wednesday afternoon indicated that Gannett Co., one of the newspaper companies with a stake in the parent company of Cars.com, is interested in perhaps buying Cars.com. Reuters — which cited “people familiar with the matter” — said in this report that Gannett is considering putting together a deal with […] [Read More]

The overwhelming majority of import brands listed in Autodata Corp.’s set of monthly certified pre-owned sales results showed year-over-year increases in April, many by double-digit percentages.  As a whole, Asian brands increased their sales by 5.8 percent last month, moving 91,027 CPO units, according to Autodata. Year-to-date, they have sold 352,808 certified units for a […] [Read More]

More than 100 employees of Manheim Detroit took up their bags to make a difference in their community. In an effort to clean up and preserve the environment, the group spent more than three hours on May 2 collecting 130 bags of trash from the grounds and areas around the Carleton, Mich., location and the […] [Read More]

Dealers had to dig deeper into their floor plan dollars yet again last month. Manheim reported that wholesale prices (on a mix-, mileage- and seasonally adjusted basis) climbed in January, February, March and now April, too, extending a streak that dates back to December of last year. This movement resulted in the Manheim Used Vehicle […] [Read More]

KAR Auction Services chief executive officer Jim Hallett is bullish about the prospects for independent dealerships — not only for their retail performance, but also on the potential for these stores to acquire highly desirable off-lease vehicles coming down ADESA’s lanes. Hallett made his assertions earlier this week when KAR released its first-quarter financial report. […] [Read More]

Honda announced this week it is recalling 1,501 2014-model-year Odyssey vehicles in Canada to repair the electrical coupler — a component in the passenger side curtain airbag system. “During assembly of the electrical coupler for the passenger side curtain airbag, the shorting terminal, which is used to prevent deployment of the airbag before it is […] [Read More]

Based on the thinking that the right approach to financing a vehicle can help subprime buyers get their credit back on the right track, Edmunds.com offered four recommendations that dealers can share with consumers to help with the process. Those four suggestions included: 1. Run your credit report. AnnualCreditReport.com offers one free report per year […] [Read More]