Go ahead: Stretch your arms, lean over and kick the tires, all at the dealership, and all on a vehicle that’s yet to be launched. Nissan announced this week it is offering its dealers across 13 states the chance to market cars in an all-new way, using Microsoft’s Kinect for Windows technology. Shoppers at these […] [Read More]

When life gives you lemons, make lemonade, as the old adage goes. For some 1,800 employees of Insurance Auto Auctions Inc., lemonade is part of their fight against childhood cancer. IAA announced this week that it has raised $142,084 for Alex’s Lemonade Stand Foundation, to help raise awareness and funds in the battle against childhood […] [Read More]

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Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — Data through July showed auto loan defaults dropped to the lowest point in the eight-year history of the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults. July's auto rate dipped to 1.01 percent, down from the June reading […] [Read More]

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Normal 0 false false false EN-US X-NONE X-NONE IRVINE, Calif., and McLEAN, Va. — Though according to NADA Used Car Guide's analysis, new-vehicle incentives and rebates, as well as declining prices on used vehicles, are helping boost auto sales this summer, it seems consumers are not quite as willing to put out the big bucks […] [Read More]

Two people familiar with the matter told Reuters Wednesday that KAR Auction Services has held exploratory talks with private equity firms about a potential leveraged buyout. The sources indicated the deal could exceed $4 billion. [Read More]

Reporting its latest financial results earlier this week, Alberta-based Quorum Information Technologies said that during the second quarter, the company saw a net loss of $80,000, but pushed the number of active dealerships using its XSELLERATOR product to 263. Getting into specifics, Quorum reported a net income of $111,000 in the second quarter of 2011, […] [Read More]

iPhone and iPad users can shop for cars even easier now, thanks to an upgrade announcement by autoTrader.ca. The company says the major update to its free mobile application for iPhone and iPad devices is designed to offer users new functionality for car shopping on the go, and access to Canada’s largest automotive inventories. More […] [Read More]

When crunching its August numbers, CNW Research calculated that the days’ supply of used vehicles is up more than 15 percent versus a year ago, a level approaching 55 days and the highest so far this year. What does the figure mean for used-car managers trying to plan for the remainder of 2012? CNW president […] [Read More]