There were quite a few high points in ALG’s latest Industry Report for the Canadian market, including reports of last month’s new-car sales notching the second-highest April rate on record as well as predictions for increased used-market supply. Specifically, new-car sales in Canada during April grew by 8.9 percent year-over-year, coming in as the second […] [Read More]

Overall “softness” for used prices in the lanes continued last week, says Black Book’s Ricky Beggs. But reasons including housing growth and the recent Oklahoma tornadoes may be contributing to truck segment auction prices remaining stronger than their smaller counterparts. The trucks have been holding their value at auction a bit better than cars this […] [Read More]

The alleged targeting of conservative groups by the Internal Revenue Service pushed a member of Congress who also is a franchised dealer in Pennsylvania to question how some stores were closed after the government bailout of automakers more than four years ago. Rep. Mike Kelly, who operates Chevrolet, Cadillac, Kia and Hyundai franchises in Butler, […] [Read More]

The topic of advertising in newspaper classifieds and its future is a common one being bantered about these days, but what are the actual numbers behind this ad channel? In its latest Retail Automotive Summary, CNW Research looked into the dealer angle of classified ads and boiled down the statistics on how stores are using […] [Read More]

When Charleston Auto Auction holds its 10th annual Luau/Pig Pickin’ & Car Sale next month, vehicles from Avis Budget Group will be running down the lanes. Auction management highlighted Avis Budget Group intends to send more than 50 vehicles for the Luau Sale. “Look for these late-model, low-mileage, well-maintained units running in the lease/bank lane,”, […] [Read More]

Potentially boosting the supply of off-rental volume down the road, Enterprise Holdings announced on Tuesday that it acquired the business of IGO CarSharing, a non-profit organization serving more than 15,000 members with more than 200 locations in more than 40 neighborhoods. Established in 2002 as a pilot program of the Center for Neighborhood Technology, officials […] [Read More]

As part of its annual Support the Troops campaign and in honor of Memorial Day, Carolina Auto Auction and its dealers have contributed funds throughout the month of May to aid soldiers injured in battle. Dealer support of the project helped CAA raise $5,000 for the Wounded Warrior Project, as part of the auction’s annual […] [Read More]

FORT WORTH, Texas — What likely is on the minds of top finance company executives isn't hard to pinpoint nowadays: Complying with an intensifying regulatory environment championed by the Consumer Financial Protection Bureau. In response, organizers of this year's NAF Association's 17th annual Non-Prime Auto Financing Conference created a day-long track of sessions focused on […] [Read More]

NEW YORK — Fitch Ratings noticed losses declined for its prime and subprime auto loan ABS indices for the third consecutive month. Analysts found the drops coincided with three consecutive monthly declines in the U.S. unemployment rate and lower jobless claims. "If these trends continue and U.S. consumers remain resolute in their auto loan payments, […] [Read More]

CARMEL, Ind. — Buy-here, pay-here dealership chain J.D. Byrider turned its 1 millionth vehicle in company history earlier this month, celebrating the milestone for the benefit of the purchaser. The retail achievement took place at the J.D. Byrider dealership located at 635 Washington St. in South Attleboro, Mass. Katelyn Wilson of Natick, Mass., ended up […] [Read More]