<p>After opening its doors in September, Porsche Centre Oakville has sold more than 62 Porsches.<br /> <br /> To provide a comparison, in September, there were 333 new Porsches sold in all of Canada.</p> <p>The OEM says this success reaffirms Porsche&rsquo;s growth strategy for Canada.</p> <p>&quot;Porsche actively seeks ways to stretch boundaries,&quot; said Francesco Policaro, […] [Read More]

Insurance Auto Auctions revealed Tuesday it is expanding its presence in Virginia and Louisiana — areas the company says are "key U.S. markets." IAA is opening two new facilities in New Orleans and Culpeper, Va., respectively. The new stores mark the company's 32nd location in the South Central region, and the 49th location in the […] [Read More]

Paul Potratz has attended a host of auto industry conferences in Las Vegas. But during his most recent visit to Sin City, the chief operating officer and founder of Potratz Partners Advertising said he learned about something that’s missing from most organizations, especially dealerships. In his latest video in the online series, “Think Tank Tuesday,” […] [Read More]

Slightly more than half of the nearly 248 million vehicles on U.S. roads during the second quarter came from the 2000 through 2008 model years, according to Experian Automotive. This was just one of several interesting used-car tidbits tweeted by Experian during its Automotive Market Trends and Registrations webinar chat on Tuesday afternoon. The aforementioned […] [Read More]

While noticing a surge in interest for retiring Volvo, BMW models, Dataium reported a softening in its monthly Automotive Shopper Intensity (ASI) Index for September. Analysts pegged the ASI Index drop-off at 9.87 percent compared to the previous month. Dataium predicted the new-model retail SAAR for October would come in at 12.9 million units. The […] [Read More]

Swapalease.com recently learned the latest year-to-date credit approval average came in slightly lower in September than in August. Site officials said September’s reading settled at 72.7 percent, down slightly from a 74.5-percent approvals rate year-to-date in August. The average year-to-date approvals rate considered to be healthy is 70 percent, according to the company. Swapalease highlighted […] [Read More]

CallSource, a call tracking, marketing analysis and sales improvement firm, announced a new partnership this week to offer onsite and online call management and phone skills training for the company’s automotive retail clients.   CallSource is joining forces with eXtéresEDU, a division of eXtéres Corp., which will provide initial hands-on, onsite training sessions that many […] [Read More]

The National Highway Traffic Safety Administration said Mitsubishi Motors North America is recalling a little more than 10,000 units to correct a powertrain issue. Mitsubishi’s campaign covers Lancer Evolution vehicles from the 2008 through 2013 model years and manufactured from December 12, 2007, through March 5 of this year. In the affected vehicles — a […] [Read More]

FORT WORTH, Texas — As the company grew consumer loan originations by $1 billion year-over-year, General Motors Financial posted a $38 million rise in earnings during the third quarter, according to its latest financial statement released this morning. The company reported earnings of $161 million for the quarter that ended Sept. 30. That figure is […] [Read More]

SAN DIEGO — Digital Recognition Network indicated that its license-plate recognition solution determined that more than 55 percent of the assets the company finds are more than 100 miles away from where previous documentation said the vehicle should have been. Chief executive officer Chris Metaxas explained how finance companies can use that information not only […] [Read More]