Autobytel revealed Wednesday it has chosen its Dealer of the Month for September, recognizing a store that opened its doors over a century ago in 1908. The company has given the honor to Tony Thorstad, Internet sales director of Smart Motors Toyota in Madison, Wisc. Thorstad joins Patti Scipione of M’Lady Nissan, Paul LeRose of […] [Read More]

Although prices are still up over 3 percent from 2012 levels, this past month auction prices experienced one of the only drops seen this year. Used-car prices in Canada fell slightly in October, going down 1.8 percent when compared to September, according to the lasted RVI Market Update for Canada. But despite the fairly significant […] [Read More]

Manheim Canada announced this week it has chosen a new director of commercial accounts. Joining the company’s leadership team is Steve Coulman, effective this coming Monday. Commenting on the hire, Russ Stegall, executive director of Manheim customer management, said,  “We’re very pleased to have Steve on board. “He brings a valuable customer perspective to the […] [Read More]

Wednesday afternoon, Manheim announced a partnership with subprime credit used-car dealer DriveTime to form Go Auto Exchange, a new separate and independent wholesale auction company focused on independent dealers and the low-end vehicle segment.   The first locations for Go Auto Exchange will be rolled out this year in Atlanta and Phoenix, with more to […] [Read More]

As Porsche models continued to outpace all other brands in terms of year-over-year increases in consumer activity, NADA Used Car Guide’s newest shopper information showed why pickup prices in the auction lanes are staying so strong. The three leading vehicles among the Top 15 most-researched used models on NADAguides.com in October were pickups. The Ford […] [Read More]

Auction volume in October was up more than 10 percent against comparable weeks of 2012, according to the latest Economic Dashboard from the National Auto Auction Association, which said that year-to-date volumes are ahead 6.6 percent through 10 months. The report, prepared by NAAA economist Ira Silver, found that average auction prices last month were […] [Read More]

There is no vehicle, industry-wide, that has a stronger residual value forecast than the Toyota Tacoma, according to ALG. But there is one automaker, in particular, that aims to “take on” this residual kingpin with its pair of model-year 2015 midsize pickup launches. That would be General Motors and its 2015 Chevrolet Colorado/GMC Canyon duo. […] [Read More]

Steady is as good an adjective as any to describe credit approval trends in connection to vehicle leases last month, according to data reported on Tuesday by Swapalease.com. Site officials said credit approvals came in relatively unchanged in October compared with the previous month. The year-to-date approvals for customer credit finished October at 72.8 percent, […] [Read More]

Datalogix announced Tuesday it is now partnering with a variety of mobile advertising companies to expand the company's reach on the devices consumers use every day, such as tablets and smartphones. These new partnerships allow the company to offer its clients 1:1 sized mobile targeting without the use of cookies. The company now touts partnerships […] [Read More]

WASHINGTON, D.C. — In light of concerns expressed by the Consumer Financial Protection Bureau about the "significant risk" dealer participation poses on "pricing disparities on the basis of race, national origin, and potentially other prohibited bases," the American Financial Services Association is ramping up its own investigation. AFSA is commissioning a study aimed at assessing […] [Read More]