As auction volumes continue to decline, Canadian used-car prices saw a bit of an uptick this past month. Nominal used prices — which don’t  take MSRP inflation into account — saw a 0.5-percent monthly uptick in May and a year-over-year increase of 3.3 percent, according to the RVI Group’s RVI Risk Outlook for the second […] [Read More]

Dealers now have another option when choosing where to list their inventory online. Adding to the ranks of sites which include AutoTrader.ca, Kijiji, and more, is AutoGo.ca. TC Media introduced the new site this week, which is designed for drivers who are looking for a new or used vehicle, anywhere across Canada Interestingly, the site […] [Read More]

Large pickup prices are expected to increase slightly in the lanes this week, following a trend seen this spring, while overall wholesale price movement is expected to be flat. NADA Used Car Guide expects overall prices to remain unchanged relative to the two-week average. That said, large pickup prices are expected to increase slightly again […] [Read More]

There’s an interesting dynamic that’s occurring when consumers go about trying to figure out what car to buy. Both used- and new-car shoppers are spending less time conducting research, but are devoting more of that time to the Web, according to a study released today by AutoTrader.com. Interestingly enough, those two trends go hand-in-hand. [Read More]

The New Hampshire Automobile Dealers Association cheered the state’s Dealer Bill of Rights amendment becoming law this week. The association highlighted the Dealer Bill of Rights will prevent what it deemed to be costly mandates that have driven up costs for New Hampshire vehicle and equipment dealers. Pete McNamara, president of NHADA, contended that some […] [Read More]

Used-car prices have been moving downward for the majority of 2013 — likely a welcome turn of events for many dealers looking to secure pre-owned inventory. After dealing with increasingly high prices the past few years as used supply remained low, dealerships may be finding some good news in what the RVI Risk Outlook released […] [Read More]

Nearly simultaneously as the director of the Consumer Financial Protection Bureau reportedly responded to a series of policy questions from the House Democrats, lawmakers from the other side of the aisle fired a list of inquiries about how the agency intends to regulate auto lending. [Read More]

Paul Potratz defined process as the series of steps or actions to achieve an end. And what’s the process at most dealerships? Turning vehicles fast for as much gross profit as possible. In order to refine the process to get those results, the chief operating officer and founder of Potratz Partners Advertising shared advice in […] [Read More]

Every year, or what can seem like every month, there is new technology hitting the market that directly affects your dealership. From advances in energy-efficient technology to new mobile wholesale tools, digital marketing solutions and more, it is a full-time job staying on top of new developments. That’s why Auto Remarketing Canada decided to start […] [Read More]

Not only are used-vehicle sales going up, but more of them are being financed, as well. Take this statistical comparison from CNW Research: In each of the first five months of 2013, more than half of the used-vehicle sales for that particular month included financing of some sort (whether loan or lease). Last year, there […] [Read More]