Though the storm has long dispersed, Hurricane Sandy is still making waves as wholesale prices continue to rise as a direct result of the recent superstorm. According to NADA Used Car Guide, the average wholesale vehicle price is expected to reach $14,025 over the course of the current week, which equates to a 1.1 percent, […] [Read More]

International AutoSource — a service provider that assists foreign expats who are moving to the United States lease or finance vehicles without a U.S. credit history — revealed a new partnership with Enterprise Fleet Management on Wednesday. Because of the relationship, International AutoSource now is able to assist foreign expats who are already located in […] [Read More]

GE Capital Fleet Services announced its 2012 GE Imagination @ Work Awards last week during the company’s strategic planning meetings in South Barrington, Ill. The company handed out 16 different honors, spotlighting auctions and industry leaders across the country. One of the highlights was the National Gold Award, which is awarded to the auction that […] [Read More]

Online resource for female car shoppers AskPatty.com Inc. recently launched a bureau that is designed to give decision-makers in the automotive industry insight into how to effectively market and sell to women car buyers as well as how to attract and retain female employees. The Women’s Automotive Speakers Bureau represents a variety of speakers, whose […] [Read More]

Asbury Automotive Group has announced the expansion of its presence in the Atlanta market with the acquisition of two stores, a move the company says is a “first step” in executing its plan to broaden its dealership network.  Also, the company has updated its soon-to-expire stock repurchase program. Acquired by Asbury are a Volkswagen and […] [Read More]

The American International Automobile Dealers Alliance is inviting dealers to gather for its 43rd Annual Meeting and Luncheon. During the event, various speakers will discuss how “the economy is driven by the international nameplate auto industry and what dealers can do to maintain their edge,” officials shared.    The event is scheduled for Feb. 11 […] [Read More]

In an effort to promote the donation of used cars to charity, Carfax announced this week that it will help maintain the history of donated autos for the future of the vehicle.   Carfax said for vehicles donated to the National Kidney Foundation’s Kidney Cars program, it will add a record to the Carfax Vehicle […] [Read More]

Canadian new-vehicle sales last month marked the second-best November on record, and it seems dealers may be seeing more customers interested in highline units on their lots. According to DesRosiers Automotive Consultants, one of the fastest growing segments going forward will be the luxury category. [Read More]

The Ontario Motor Vehicle Industry Council revealed a potential scam that may be of particular interest to dealers who secure used inventory through private party sales or regularly visit third-party sites such as AutoTrader.com. The OMVIC was alerted by the Oklahoma Used Motor Vehicle and Parts Commission (UMVCP) of a potential online scam specifically targeting […] [Read More]

When the combined Ford, Lincoln and Mercury certified pre-owned sales figures are tallied for full-year 2012, the final count is expected to be the second-highest total ever for the automaker, according to national CPO sales manager Todd Fites. What’s more, the Lincoln brand — in just 11 months — has already achieved its strongest CPO […] [Read More]