On the third day of the first partial U.S. government shutdown in 17 years, Congress will continue its negotiation efforts to pass a series of bills to fund the government. In the meantime, the country waits, as does the automotive industry. The effects of the shutdown on the automotive sector are arising in a few […] [Read More]

Seasonal price declines in the lanes are expected to grow a bit steeper this week, with all segments projected to decline slightly. According to NADA Used Car Guide, wholesale prices, on average, are expected to fall by by 0.9 percent, or $125. “In general, overall declines across all segments are expected to accelerate this week; […] [Read More]

Year-to-date auction volume two-thirds of the way through 2013 remains ahead of year-ago levels by more than 5 percent, according to the National Auto Auction Association, which said August numbers, in particular, climbed more than 8 percent. In the latest Economic Dashboard released this week, auction volume in August was up 8.5 percent over comparable […] [Read More]

Based on the contention that nearly 80 percent of potential purchasers began their online vehicle shopping using a search engine, Trilogy developed a premium lead service for used vehicles based on what the company believes is already proven new-vehicle lead technology. Executives highlighted Trilogy SmartLeads is designed to provide high quality third-party leads for used […] [Read More]

POADA is hosting 700Credit, a provider of credit reporting and compliance products and services, for a free Market Intelligence Webinar titled, “Compliance Questions Answered.” Kenneth Hill, managing director of 700Credit, will be the presenter during the webinar that’s set for Wednesday at 2 p.m. ET. Hill noted three elements participants can expect to learn from […] [Read More]

Chrysler Group announced this week that it will recall an estimated 10,800 trucks — most of which are in dealer hands — to upgrade software that controls instrument-cluster illumination. The automaker explained in-plant quality-control personnel discovered instrument-cluster backlighting may function intermittently on certain vehicles. Regulatory compliance requires that information displays be clearly legible. “Vehicle performance […] [Read More]

CarProof Vehicle History Reports announced this week it has made a “first of its kind” data agreement for the company. Under the new agreement with Kia Canada, CarProof reports will now include open recall information Kia vehicles. Recall information on a specific Kia vehicle will now appear directly on the CarProof vehicle history report, the […] [Read More]

As September’s certified pre-owned results for Canada come rolling in, it's apparent this past month was a strong one, once again, for European automakers. And one relative newcomer to the CPO market had a stand-out performance, as well. Mazda Canada sold 405 certified units in September, continuing to show strength in its CPO program’s second […] [Read More]

According to the September Blue Book Market Report — Used Car Edition, Kelley Blue Book determined auction values for 1- to 3-year old models at the end of third quarter remained at a three-year high. Analysts pinpointed the average at $17,085, or $280 above the average at this juncture last year. Since the start of […] [Read More]

There were less shoppers looking for used cars last month, but industry-wide used-vehicle sales still managed to beat year-ago figures by nearly 4 percent, according to CNW Research, which also pointed out that dealers — as well as private sellers — were able to fetch higher transaction prices. Overall, CNW said there were 3.65 million […] [Read More]