As we wrap up the first quarter of the new year, ALG Canada’s latest Industry Update outlined the factors that will contribute to easing used vehicle prices among 5- to 7-year-old vehicles in the next few years. Used-vehicle sales peaked at 3 million in 2011, and as supply tightened, pre-owned prices have been on the […] [Read More]

Though used prices are falling, rates are still high in the lanes — especially when dealers are looking to secure quality vehicles for their certified pre-owned operations programs. With used prices remaining above average, it is crucial that dealers balance their reconditioning costs with profit potential. To get an idea how some of the most […] [Read More]

During awards ceremonies today at the 2014 Auto Remarketing Canada conference held at the Westin Harbour Castle Hotel, this year's Dealer of the Year and Remarketer of the Year were announced. The 2014 Auto Remarketing Canada Conference, presented by CarProof, offers attendees the opportunity to honor outstanding members of the industry. The 2014 Auto Remarketing […] [Read More]

Dealers are scouring the lanes trying to find inventory to prosper during tax season. The daily result is that Black Book editors are seeing some of the highest levels of price adjustments. Black Book editorial director Ricky Beggs shared in his weekly online video commentary that since the first of February, editors have averaged 1,820 […] [Read More]

Whether it’s the film industry or the auto industry, the shift in lead roles is hard to miss. The 2014 Oscars that took place a couple of weeks ago was truly a revelation of the changing gender role trends in films.  More than one film nomination had strong female leads, enjoying almost all the air […] [Read More]

General Motors rolled out three separate recalls on Monday as a result of the request by new chief executive officer Mary Barra for a comprehensive internal safety review following the ignition switch recall that’s created so much turmoil for the domestic OEM. Included in GM’s newest campaigns are: — 303,000 Chevrolet Express and GMC Savana […] [Read More]

DCH Auto Group grew to 26 dealerships this week, with the announcement on Monday that it has acquired Honda of Nanuet, located in Nanuet, N.Y. The dealership will be renamed DCH Honda of Nanuet as it joins the company's 25 existing new and pre-owned car dealerships in New Jersey, New York and California. "We're delighted […] [Read More]

According to a new survey by financial information company Sageworks, U.S. banks and credit unions that are preparing for proposed changes to how they must estimate credit losses anticipate they’ll eventually need to boost allowances for loan and lease losses by up to 50 percent Among more than 300 bankers surveyed during a recent webinar, […] [Read More]

Of the Top 20 finance companies in the used-vehicle market, only eight gained market share year-over-year as of the close of the fourth quarter. And according to Experian Automotive, many of the operations that lost ground in Q4 saw their market shares soften by double digits. Analysts indicated Wells Fargo continues to be the market […] [Read More]

With an average of tax refund of more than $3,000 coming to consumers, GOBankingRates analysts sought out to find the states and cities that boast the lowest interest rates on new-vehicle loans this month. The site’s study determined the five cheapest states for financing a new vehicle include: — Hawaii: four-year loan at 1.9 percent […] [Read More]