During a panel discussion on multi-platform selling at Used Car Week this fall, GM Financial’s Dan Heinrich expressed a concern. He said one of the hurdles to this type of online wholesaling gaining widespread traction in the remarketing business was inconsistency with condition reports. Flash forward a couple months, and the industry may have found […] [Read More]

In a joint announcement today, Manheim, ADESA and the independent auctions said they have made significant progress toward the creation of a multiplatform bidding solution that would facilitate simultaneous bidding on vehicles listed on multiple online auction sites. The statement from these auction parties says that the proposed multiplatform solution is different from any other […] [Read More]

The latest report from IBISWorld and findings from Equifax Canada released this week covered what appears to be a rosy future for the used-car industry, as analysts predict strong growth in the Canadian automotive industry and report more consumers turning to the used-vehicle industry for their next car purchase. According to The Used Car Dealers […] [Read More]

As 2014 progresses and February numbers start coming in, European automakers are still outpacing their Japanese counterparts in certified pre-owned sales. Volkswagen Canada reported a record February, selling 1,331 CPO vehicles, compared to 998 sold during the same period of 2013. “February was another record month for CPO sales at VW Canada.  Our Dealers delivered […] [Read More]

Ford Motor Company of Canada Ltd.  has officially announced the award winners for the 2013 Auction Quality Program. The Auction Quality Program is an annual metrics driven auction performance tracking initiative which focuses on the overall quality of auction services and vehicle reconditioning quality at 13 ADESA Auction sites across Canada in 2013.   Auctions […] [Read More]

In addition to achieving a best-ever daily selling rate last month, the certified pre-owned business had its strongest February on record and beat year-ago sales by more than 14 percent, according to Autodata Corp. Announcing industry-wide CPO numbers on Wednesday, Autodata said there were 179,042 certified sales in February, a 14.1-percent year-over-year hike and a […] [Read More]

The National Highway Traffic Safety Administration sent General Motors a 27-page special order demanding more specifics regarding the recall of more than 1.3 million units because of ignition problems. According to the order, GM has until April 3 to give NHTSA answers and clarifications to more than 100 questions regarding how the automaker handled the […] [Read More]

Auction Broadcasting Co. president Jason Hockett announced this week that ABC is welcoming its eighth auction location, thanks to a partnership it reached with OKI Auto Auction in Cincinnati. The auction, founded in 2001 and located on 11 acres, will be renamed ABC Cincinnati.  It also built a brand new facility in 2011 and recently […] [Read More]

Auction prices are on the way up as tax returns flow in. NADA Used Car Guide is predicting prices to grow by 1 percent (or $175) versus the two-week average. And every segment NADA UCG tracks is expected to see price hikes, except for theone outlier: luxury cars, which are expected to see a slight […] [Read More]

This week, Spireon and Sprint formed a relationship aimed at providing Spireon’s FleetLocate-branded mobile resource management (MRM) solutions to fleet operators utilizing the Sprint network. Sprireon highlighted FleetLocate solutions can enable companies to maximize productivity, improve operational efficiencies and improve the bottom line through more effective management of assets, trailers and service fleets. This collaboration […] [Read More]