Much to what will likely be dealer chagrin, wholesale prices are rising steadily as we approach the spring season. According to the ADESA Canada Used Vehicle Price Index, which has been updated through January, wholesale prices rose on average by about 1.6 percent, compared to the last month of 2012. Officials explained the index was […] [Read More]

If the certified pre-owned market needed any more fuel to keep record-breaking sales soaring, Raffi Festekjian explained how the J.D. Power and Associates 2013 U.S. Vehicle Dependability Study might have provided the very thing. The study showed the long-term dependability of three-year-old models improved year-over-year, and Festekjian connected how these units are primary candidates to […] [Read More]

As 2012 closed with leasing levels not seen since before the recession, many wonder how this trend will affect both uses and new sales for 2013. In fact, according to the 2012 Manheim Used Car Report, the number of new-vehicle leases written in 2012 increased to 2.5 million, up from 2.1 million in 2011 and […] [Read More]

The certified pre-owned programs at Honda and Acura are “posted to move the needle even further” this year after combining to sell more than 283,000 vehicles in 2012. That’s according to Brian Butts, who heads up both programs for American Honda Motor Co. and shared with Auto Remarketing last month what the company’s CPO dealers […] [Read More]

Auction Edge launched a beta program Wednesday of its mobile check-in application.   Mobile check-in allows auction staff to check-in vehicles using their mobile device of choice, supporting both iOS and Android phones and tablets. [Read More]

Two brands from the same manufacturer together collected 13 awards from IntelliChoice, in the company’s 2013 Best Overall Value of the Year Awards. The 2013 BOVYs represent 23 diverse but popular vehicle segments, which IntelliChoice said are meant to aid shoppers in comparing cost of ownership for similar vehicles over time, going beyond purchase price […] [Read More]

CarGurus released a study Wednesday identifying the most affordable and most expensive U.S. cities in which to buy a used vehicle. Topping the list of deal-friendly destinations is Miami, followed by Cleveland, Rochester, N.Y., and Detroit. The site found Jackson, Miss., to be the most expensive used-vehicle city, followed by Seattle, Montgomery, Ala., and Little […] [Read More]

Dealer management services company Quorum recently announced it has integrated its DMS XSellerator with a popular suite of customer relationship management products. In an effort to best serve its dealer customers, the company has integrated XSellerator with VinSolutions. Quorum customers that choose to use the advanced CRM capabilities of VinSolutions will have access to automated […] [Read More]

ALG revealed its fifth annual Canadian Residual Value Awards this week at the Canadian International Auto Show, with the Toyota and Honda family of brands both taking home five segment awards. Other traditionally strong performers, such as Subaru and Honda both made the cut, as well, with a few surprises mixed in. [Read More]

As the economy continues to improve and credit conditions loosen, leasing remains on the upswing. And according to online car leasing marketplace Swapalease.com, some brands are reaping the rewards of this trend. After analyzing current inventory on the site compared to inventory levels of 2010, a few domestic brands saw significant increases, with Buick leading […] [Read More]