Auction Edge said Wednesday it has launched new pricing and discount opportunities for its auction clients, providing them with more options when it comes to management systems and pricing structure. The two new offerings are: EDGE ASI Premier, a new pricing structure for Auction Edge’s ASI auction management system; and EDGE Complete, a monthly discount […] [Read More]

Stone Point Capital, a global private equity firm based in Connecticut, recently announced a purchase of GWC Warranty Corp. and certain affiliated entities from CIVC Partners. Trident IV L.P. — a private equity fund managed by Stone Point Capital — and GWC’s management team came together to buy GWC. GWC is headquartered in Wilkes-Barre, Pa., […] [Read More]

Hyundai and Kia are recalling close to 2 million vehicles in three separate campaigns, according to the National Highway Traffic Safety Administration. More than half of that figure — 1,059,824 vehicles to be exact — are connected with Hyundai’s recall of seven different models because the stop lamp switch in the affected vehicles may malfunction. […] [Read More]

Dealers and consumers know the value of a thorough used-vehicle inspection, especially when buying online. Now, a division of DataScan Field Services expands inspections to include older-model cars. Offered by InspectMyRide, a division of automotive inspection company DataScan Field Services, the new Basic Verification service can help buyers make a more informed decision. While Basic […] [Read More]

Have you ever wondered what Canada’s favorite car is? According to owner reviews from AutoTrader.ca, the Ford Fusion "gets the nod' as the highest rated vehicle by Canadian owners. The site came to this consensus after taking into consideration more than 22,000 reviews from actual owners. With this announcement, the site is debuting the results […] [Read More]

April is underway and the 2013 Auto Remarketing Canada conference, presented by CarProof, is less than three weeks away.  Conference organizers expect record-breaking attendance, with more than 450 industry personnel already registered. And at least 50 percent of these attendees are dealers. Click here to see the pre-show attendee list, updated daily. Speakers, attendees, exhibitors […] [Read More]

In March, Volkswagen wrapped up its best-ever first-quarter performance in the certified pre-owned market with its strongest month of all-time. Hyundai also celebrated its best month ever, moving 6,715 CPO units. UPDATE: Mazda achieved its best CPO month ever, as well, moving 3,390 units for close to a 56-percent year-over-year improvement. This pushed year-to-date sales […] [Read More]

With the arrival of April and the warmer weather that comes with it, it is time to take a look back at the first quarter of 2013. The beginning of the new year brought some new developments within the auction lanes. Black Book’s Ricky Beggs offers up some of the industry’s “biggest surprises” in wholesale […] [Read More]

We use them to set appointments at the doctor’s office or the mechanic, while simultaneously searching for everything from recipes to reviews; not to mention the constant thumb-swipe shopping, “iTuning” and “Facebooking.” The smartphone: often described as the Swiss Army knife of the modern world. [Read More]

CNW Research’s used-vehicle sales projection came to fruition as analysts determined the industry produced its best March since 2002 — thanks in part to activity associated with older vehicles and younger buyers. Used sales surpassed 3 million in March, creating an 11-percent year-over-year lift. The total came in at just above 3 million, up from […] [Read More]