As the 2013 Auto Remarketing Canada conference, presented by CarProof, was wrapping up this past Tuesday evening, positive testimonials and feedback were already rolling in from the record 586 attendees that headed to the Fairmont Royal York in Toronto.  Over half of these attendees were dealers, with the remaining number including representatives from almost every […] [Read More]

Manheim announced today it is expanding its footprint in Canada. In an effort to reinforce its commitment to the Canadian marketplace, Manheim Canada has signed a partnership agreement with Source Auto Auction — a new auction facility in Edmonton, Alberta, owned by Danny Fayad. [Read More]

Web-based automotive remarketing system TradeRev revealed this week it is partnering with CarProof to offer vehicle history reports on every vehicle listing on TradeRev’s online auction system. Starting Wednesday, this new agreement will help ensure full disclosure and transparency on every vehicle that passes through the TradeRev car auctioning system, the companies said. [Read More]

Social media is a social construct, a relationship, which happens to take place in a public digital space. Many car dealers have begun to look to social media as a cost-effective way to get their messages in front of people who have already done business with them, or who might consider doing business with them. […] [Read More]

Lithia Motors is loving the results its used-vehicle division is generating — production such as used-model retail same store sales increasing by 22 percent during the first quarter. But top executives are quick to point to the managers and personnel doing the day-in, day-out work to make each part of Lithia’s used department move on […] [Read More]

When it comes to vehicle condition, “average” may suit many used-car shoppers just fine — and it appears that dealers have taken notice. Black Book has found that demand for average condition vehicles has climbed in the auction lanes as compared to clean condition vehicles. In fact, Black Book’s Ricky Beggs said in the analysis […] [Read More]

Easing fuel costs are causing asking prices for some used full-size SUVs — the Chevrolet Tahoe and Suburban in particular — to rise, according to analysis from Cars.com. Among the 10 used models with the biggest price increases this month, the average asking price for Suburbans shot up 19 percent or nearly $7,000 to $43,407 […] [Read More]

The NCM Institute at NCM Associates has added several new training classes to its auto retail management training portfolio. Included are six classes in disciplines new to the Institute. These areas cover: —Express Service Management Levels I & II —Parts and Accessories Management Levels I & II —Collision Center Management —Sales and Management Compensation [Read More]

When the Consumer Financial Protection Bureau issued guidance regarding the auto finance market in March, many legal observers and dealer principals saw it as a direct attack on dealer participation, a strong income driver for stores’ F&I revenue. However, Dealertrack Technologies associate general counsel Randy Henrick attempted to quell fears that federal regulators were going […] [Read More]

Manheim Pennsylvania played host to potential global partners, as dignitaries from five countries visited the auction on Friday. Fourteen international ambassadors and dignitaries representing Mongolia, Malaysia, the Philippines, the Ukraine and Lithuania toured the Manheim Pennsylvania facilities, to learn about the remarketing business and meet with local leaders. As one of the largest employers in […] [Read More]