As used supply remains hard to obtain for many Canadian dealers, it looks like this tight pre-owned environment pushed wholesale prices up slightly one again in July. The ADESA Canada Used Vehicle Price Index, powered by ALG Canada, has been updated through July, and shows an average rise of 0.1 percent from June rates. Price […] [Read More]

The market is white-hot for dealership purchases right now, and it appears that public and private groups are both aggressively going after acquisitions. That’s according to the mid-year Automotive Retail Buy-Sell Report from the Presidio Group LLC, which said the value proposition of a dealership is quite strong. In fact, when looking at private buyers […] [Read More]

Black Book has shared with Auto Remarketing news of its entire team of vehicle value editors and data analysts earning distinction as Certified Automotive Remarketers as part of the program from the International Automotive Remarketers Alliance. This is the first time that an entire editorial staff of guide book has achieved this certification, Black Book […] [Read More]

With more and more consumers taking to their computers to find their next ride, which automaker is causing the most buzz? According to the July Social Buzz Report from Phoenix Marketing International’s Automotive Practice, consumers were talking about Ford the most as they participated in online conversation during the car search process. In fact, Phoenix […] [Read More]

Increased demand for electric and hybrid vehicles has one company working even harder to bring high-tech options to the U.S. automotive market. Auto retail group EVCARCO Inc. this week announced plans for the development of its EV Leasing Program, meant to help the company meet increased demand for new and pre-owned electric and hybrid vehicles now […] [Read More]

ServNet revealed some news from its member auctions Tuesday, with one Iowa facility set to celebrate its 50th anniversary next week. Plaza Auto Auction of Iowa is gearing up for its 50th anniversary sale, which is scheduled for Aug. 28. The auction shared that the celebration will include drawings for $50,000 in prizes, and the […] [Read More]

Beginning this coming Monday, used-car shoppers using DriveChicago.com will have access to free Carfax Vehicle History Reports in a promotion that runs through the end of November. That’s thanks to a new agreement between the Chicago Automobile Trade Association and Carfax. CATA is also working with Carfax to provide vehicle reports to its dealer members […] [Read More]

NEW YORK — After establishing a new record low in June, analysts from S&P Dow Jones Indices and Experian noticed the auto loan default rate ticked up slightly in July. According to S&P/Experian Consumer Credit Default Indices, the auto loan reading edged up to 1.03 percent, rising from that record-setting mark of 1.00 percent set […] [Read More]

DETROIT — Ally Financial took another step on Tuesday toward its full repayment of the U.S. Treasury in moves the company believes "will further strengthen the common equity base." Ally entered into agreements with certain investors providing for a private placement of 166,667 shares of Ally common stock for an aggregate purchase price of $1 […] [Read More]

FORT LAUDERDALE, Fla. — AFS Acceptance — a full-service auto finance company serving the subprime financing needs of franchised and independent dealers — recently acquired the assets and intellectual property of Preferred Automobile Credit Co. (PACCO), a Pennsylvania-based auto finance company. Executives highlighted the $12 million portfolio acquisition is the first for AFS Acceptance in […] [Read More]