Looking back at November, Canadian new-vehicle sales numbers soared, while used prices continued to rise. According to data from RVI Group, used-car prices this past month climbed by 2.3 percent from October, and 3 percent year-over-year. On the other hand, the ADESA Canada Used Vehicle Price Index was down this past month, reversing the majority […] [Read More]

As the holidays approach, it seems wholesale prices have calmed down a bit after a recent spike following Hurricane Sandy. According to NADA Used Car Guide, overall wholesale prices are expected to remain flat this week at an average of $14,300. The organization also shared that price movement this week is expected to remain largely […] [Read More]

On the same day Ally Financial said it repaid debt to the FDIC, General Motors announced on Wednesday that the automaker will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is part of the Treasury’s plan, also […] [Read More]

Manheim shifted Jay Cadigan into a new executive role on Wednesday. To advance its business goals, continue to build relations with industry partners and develop strategies that further the remarketing industry, Manheim named Cadigan vice president of industry relations. In this new role, Cadigan will report to Joe George, senior vice president of product development. […] [Read More]

The National Highway Traffic Safety Administration said Hyundai is recalling certain versions of the 2012 Veloster in separate campaigns to correct an issue with the sunroof as well as the parking brake. The larger of the two recall notices is for a total of 13,500 Velosters manufactured from Nov. 1, 2011 through April 17 and […] [Read More]

The CarMark Certified Pre-Owned program recently announced the addition of seven new dealers to its program. The dealers are located in six different states across the country and have already begun selling CarMark vehicles, according to Bill Zadeits, manager of POADA, which owns the CarMark Certified program.   The seven new CarMark dealerships are: •   […] [Read More]

Regional third-party vehicle sale website KSL Cars announced Wednesday that advertising dealerships can now use online chat features  to connect with potential buyers. The Utah-based company has added Contact at Once live chat capabilities in the site’s automotive ads. KSL Cars will bundle Contact At Once in its auto dealer packages, officials noted. [Read More]

The Used Car Dealers Association of Ontario is alerting Ontario’s used-car dealers to the changes in the Drive Clean Program set to go into effect in the new year. In the latest UCDA Front Line newsletter, the association highlights the changes which deal mostly with the On-Board Diagnostics test procedures, among other areas. And the […] [Read More]

DealerRater revealed this week it has launched a new tool in the Canadian market to help dealers monitor and improve their online reputation. The new 360Certified is the premium level of the company’s  Certified Dealer Program, which offers dealerships an online reputation and social monitoring platform. This new offering was launched in the U.S. this […] [Read More]

In the days leading up to the new year, DesRosiers Automotive Consultants looked back at some of its predictions made in early 2012 to gauge which of their claims and expectations manifested in the market. From the large pickup truck market to the popularity of diesel vehicles, company president Dennis DesRosiers took a look at […] [Read More]