The biggest name in Canadian publicly traded dealer groups recently announced its second-quarter results, reporting its most profitable quarter in history. AutoCanada Inc. revealed they made company history with an increase in earnings of 61.2 percent. The company enjoyed double-digit increases across the board, with revenue increasing by 3.18 percent to $388.8 million for Q2. […] [Read More]

In light of the recent floods in Calgary, Manheim Edmonton and Source Auto Auction are teaming up in an effort to raise funds for relief efforts. The two auctions are offering a 1989 Chevrolet Corvette convertible in an effort to provide aid to flood victims. The vehicle is donated by Source Auto Auction chief executive […] [Read More]

The Automotive Industries Association of Canada recently announced it has a new director of collision programs. Appointed to the position is Leanne Jefferies, who brings experience in the operation of a collision repair facility, collision media editing and publication,youth programming and college liaison, according to AIA . Jefferies will also continue in her current role […] [Read More]

In an effort to enhance subscribing dealers' inventory listings, transportation company Montway has teamed up with Auction123. Now, through the new partnership, Auction123 customers have access to instant vehicle shipping quotes within their dealer’s inventory detail pages and eBay Motors listings. “Dealers marketing their vehicles via Auction123’s solutions can seamlessly integrate Montway's price quote calculator […] [Read More]

Dealertrack Technologies proposed a simple question on Tuesday, asking principals and managers how healthy their store website is. To gauge the status, the company launched a free Website Health Check Quiz while also giving dealers the chance to win an iPad Mini. “By taking the quiz, dealers will learn if their website is optimized to […] [Read More]

Luxury dealers looking to generate a few trade-ins might get a better idea of what kind of buyers make up their target audience, thanks to a list recently published by AutoTrader.com. The site has named its 10 Most Valuable Used Luxury Cars, as determined by the 3-year-old vehicles for which dealers are offering the most […] [Read More]

What’s the biggest  marketing opportunity out there? Paul Potratz, founder and chief operating officer of Potratz Partners Advertising covers his response and outlines what he thinks many dealers are ignoring while devising their marketing strategies. In his latest “Think Tank Tuesday” video report, Potratz stressed that service marketing is one of the biggest aspects of […] [Read More]

Dealer’s Auto Auction of Oklahoma City launched its summer promotional season with Round 1 of its 25th Anniversary Celebration in June. That sale was dubbed The Heat Wave, and included more than 2,000 vehicles and a Mystery Car Giveaway. The next phase in that celebration will occur on Thursday with the Sizzling Summer Sale, featuring […] [Read More]

Vehicle transportation company MetroGistics has announced the hiring of a new director of technology, responsible for the continued expansion of the company’s technology infrastructure and more. Named to the position is Craig Clayton, who will also lead the design of new Web and mobile applications to support clients for the company, and lead innovations within […] [Read More]

NEW YORK — Fitch Ratings contends modest year-over-year deterioration in loss and delinquency rates produced by the largest U.S. auto lenders signals an inflection point in auto loan asset quality. Analysts said in their special quarterly report "U.S. Auto Asset Quality Review," that they "expect asset quality trends to normalize later this year and into […] [Read More]