Honda Financial Services reported a milestone this week using its upstream sales platform provided by OPENLANE.  This past June, HFS celebrated the sale of more than 200,000 vehicles through OPENLANE. Commenting on the news, Jean-Marc Leclerc, vice president and chief compliance/risk officer, and secretary at Honda Financial Services Inc., said, “We are very excited to […] [Read More]

June saw mixed results for CPO sales from automakers in Canada — some saw double-digit sales gains, while others continue to feel the impact of tightening used supply. But one luxury automaker seemed unaffected by the inventory environment. Audi of Canada sold 494 CPO vehicles, marking an 23.5 percent increase over last June’s results (400 […] [Read More]

Wholesale prices are projected to continue their slow slide, decreasing slightly over the course of the current week. NADA Used Car Guide expects prices to fall by 0.2 percent, or $25, relative to the two-week average. Only one segment is expected to see any price appreciation: the luxury car segment should gain an average of […] [Read More]

Auctions values are on the way down as used supply continues to increase. And with gas prices remaining relatively stable this past month, fuel-efficient small cars and alternative-energy vehicles led the declines in June. Overall, according to data from Kelley Blue Book’s latest Blue Book Market Report, auction values fell by an average of 1.2 […] [Read More]

Adding to the list of distinguished keynote speakers during the past several years, former Secretary of State Hillary Rodham Clinton will address the National Automobile Dealers Association Convention & Expo in New Orleans in January. Clinton will deliver keynote remarks on the closing day of the 2014 NADA Convention & Expo on Jan. 27. Clinton […] [Read More]

When looking at retained value for compact cars from the 2012 model-year, Kelley Blue Book noticed one, in particular, that edged out its peers in this segment where competition is “fierce.” That model? The 2012 Hyundai Veloster, which was one of only two to command 80 percent or more of its original MSRP, according to […] [Read More]

Price, time and the dealership experience: A just-released research study shows that these factors can vary as most influential in the purchase decision for potential car buyers, information that dealers may want to note in order to meet these differing expectations. The Foresight Research 2013 Dealership Report, based on a study of 7,543 recent U.S. […] [Read More]

MaxTradeIn, a free online marketplace aimed at giving vehicle owners the ability to trade in or sell their used model by selecting trusted local dealers, is now available to customers and dealerships in Columbus, Ohio. MaxTradeIn highlighted that it has experienced rapid growth since first launching in Indianapolis late last year. More than $80 million […] [Read More]

It was announced earlier this week that Safe-Guard Products International — a provider of F&I products to auto, RV/trailer, marine and powersport retailers, as well as manufacturers and financial institutions — has opened an operation specifically to offer specialized services to Canadian consumers. Safe-Guard Canada Ltd., based in Mississauga, Ontario, handles all claims on Safe-Guard […] [Read More]

The inaugural Vincentric Best CPO Value in America awards are being announced today, recognizing 36 models for offering top value in their respective segments as well as three brand winners. Those three —  Best CPO Value: Passenger Cars, Best CPO Value: Luxury Brand, and Best CPO Value: Trucks  — are given to the makes that […] [Read More]