As the end of April marked the end of the spring buying season for used cars, overall used-car depreciation was very slight. According to Black Book’s Ricky Beggs, overall, pre-owned vehicles only saw an average of 0.1 percent depreciation last month. Specifically, domestic cars increased by 0.2 percent, and domestic truck values rose by 0.1 […] [Read More]

Wholesale prices on average stayed above $10,000 in April, according to ADESA Analytical Services’ monthly analysis of wholesale prices by vehicle model class. Analysts determined wholesale prices in April averaged $10,096, which was 0.7 percent higher compared to March, but 4.5 percent lower relative to April 2012. “As in March, wholesale used-vehicle prices rose seasonally […] [Read More]

Avis Budget Group announced an expansion of its car sales program this week. The company, in collaboration with retailer AutoNation, has added its home state of New Jersey to the list of locations offering its Ultimate Test Drive car sales program, currently available in Arizona, California, Colorado, Florida, Nevada and Texas. The program offers consumers […] [Read More]

Following a nationwide executive search, TrueCar has announced its choice of chief technology officer, who will oversee the company’s expanding operations. Named to the role of CTO is Mike Dunn, who most recently served as CTO for Hearst Interactive Media. Dunn has also served as Corporate CTO for Time Warner; founding CTO for Dell Online; […] [Read More]

LeasePlan USA  recently gave back to its community through a bus donation to a children’s shelter, a gesture that now allows the shelter to meet state guidelines concerning transportation of children. The bus was donated to the Atlanta Children’s Shelter, a cause that provides child development and support services for homeless families who are looking […] [Read More]

Porsche Canada recently announced a change to its leadership. Starting in September, Joe Lawrence will become executive vice president and chief operating officer of Porsche Cars North America. Lawrence’ successor as president and chief executive officer of Porsche Cars Canada will be announced at a later date, the company said. Lawrence joined Porsche Cars Canada […] [Read More]

Taking a look back at April, reports are in that show what is perhaps good news for dealers — wholesale prices are dropping this spring in Canada. Used supply has been tight, ramping up auction prices throughout the country. But in April, the ADESA Canada Used Vehicle Price Index shows that after being adjusted for […] [Read More]

This week, BMW named one British Columbia store "The Most Sustainable BMW Dealership in the World." At this year’s BMW Sales Excellence Award Ceremony held at the BMW Museum in Munich, Germany, the title was given to Auto West BMW, located in Richmond, British Columbia. This award recognizes dealerships "who are paving a way for […] [Read More]

Here’s more proof of how red hot the certified pre-owned market is: Edmunds.com indicated 21 percent of all used-vehicle sales by franchised dealers during the first quarter involved a CPO model — the highest rate ever. All told, Edmunds.com analysts found CPO sales so far this year are 6.2 percent higher than the same span […] [Read More]

FordDirect revealed Tuesday the addition of two new tools for dealers, provided by Black Book Online. Now, on all DealerConnection websites, a trade-in appraisal tool and credit extimator will be available for consumer use. And any leads generated from the online appraisal and credit estimator forms will be sent directly to the dealer's lead management […] [Read More]