SAN FRANCISCO — Buy-here, pay-here dealership chain DriveTime recently chose Duncan/Channon to lead its advertising efforts. DriveTime said its new agency will create and execute a new campaign, including TV and radio, that's expected to launch early next year. Company officials indicated they arrived at their choice of Duncan/Channon following a comprehensive search process managed […] [Read More]

TORONTO — TransUnion's quarterly analysis of Canadian credit trends showed that the average consumer's total debt — excluding mortgages — increased at its greatest rate in nearly two years, sparked in part by a climb in auto loan commitments. The overall average jumped 4.6 percent during the third quarter to $26,768. TransUnion determined Canada experienced […] [Read More]

TransUnion’s quarterly analysis of Canadian credit trends showed that the average consumer’s total debt — excluding mortgages — increased at its greatest rate in nearly two years, sparked in part by a climb in auto loan commitments. The overall average jumped 4.6 percent during the third quarter to $26,768. TransUnion determined Canada experienced both its […] [Read More]

The October ADESA Canada Used Vehicle Price Index ticked higher after being adjusted for seasonality, reversing the majority of September’s decline. ADESA’s data — powered by ALG Canada — indicated wholesale prices rose on average by about 1.0 percent month-over-month. While the overall reading inched higher, ADESA found price movements by segment were mostly lower […] [Read More]

Although he has seen a drop in the supply of off-lease units — often the bread-and-butter of the certified pre-owned-eligible pool — Audi Canada’s Jonathan Breton has noticed that his brand’s year-to-date CPO sales have still managed to climb nearly 3 percent over the same period of 2011.   “Supply continues to be a challenge, but […] [Read More]

Even with a substantial interruption from Hurricane Sandy, used retail sales still climbed more than 4 percent year-over-year in October, according to CNW Research. And when only considering sales from dealers — taking private-party numbers out of the equation — the upswing is much higher. In fact, CNW found that franchised dealers and independent dealers […] [Read More]

When asked by the moderator what she thought had changed the most in the wholesale world since she began leading Ford’s remarketing business, Linda Silverstein pointed to the Internet. In fact, she admitted that a decade or so ago, she wasn’t so sure this online auction environment would maintain traction. [Read More]

The trend continues. Luxury units remained hard to find this past month, especially certified pre-owned units, according to AutoTrader.com. October’s installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com, showed nine out of the top 10 nationally scarce CPO models are in the luxury segment. This has been the trend […] [Read More]

Along with offering its take on what Hurricane Sandy did to a typical wholesale price slowdown during the fourth quarter, Kelley Blue Book put out its projections for where prices might go during the first quarter of next year. KBB senior market analyst Alec Gutierrez — one of the many experts on hand at Used […] [Read More]

Experian Automotive announced Wednesday that Porsche Cars North America retained the company as the provider of vehicle history reports for the automaker’s certified pre-owned program. As part of the renewal agreement, Porsche also will include Experian Automotive’s new three-year buyback protection. The new program is designed to protect customers purchasing a Porsche CPO vehicle against […] [Read More]