Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} IRVINE, Calif. — The positive momentum for Consumer Portfolio Services continued into the second […] [Read More]

Thanks to a supply downturn — spurred by past years’ lagging new-vehicle purchases and leases — and other key factors, asking prices for used vehicles in Canada during the second quarter jumped more than 1.2 percent from the first quarter, according to autoTRADER.ca. And for the majority of luxury models, the run-up in used prices […] [Read More]

Fleet services provider ARI recently named an executive vice president and chief operating officer for ARI Canada who will also take on duties as managing director of global operations. Tapped for the position is Chris Conroy, who has been with ARI since 1994. His most recent post was as ARI Canada’s senior vice president of […] [Read More]

ADESA Canada and RVI Group both released their respective Canadian used-vehicle value indices for June this week, both of which moved up modestly from May. But their individual findings on more specific wholesale price behavior for the month were quite different. So what, exactly, did these two firms observe about Canada’s used-car market? [Read More]

Amid gas prices showing a slight increase, most of the wholesale price segments that NADA Used Car Guide tracks are expected to fall slightly over the course of the current week. And in light of fuel costs starting to level off after several weeks of declines, the wholesale price downturn for gas sippers is lessening, […] [Read More]

Consumers clamored for fuel-friendly rides and dealers throughout the bulk of the country posted improvements in auto sales, according to the latest Beige Book report from the Federal Reserve. Some of the 12 Federal Reserve Districts also pointed to strong leasing levels and used-vehicle sales, specifically. Overall, the progress of auto dealers appeared, yet again, […] [Read More]

Though eclipsing year-ago levels by more than 3 percent, wholesale values fell sequentially for the second straight month, according to RVI Group, which said this week that June’s used prices were off 0.8 percent from May. This follows a 0.9 percent month-over-month decrease in May.  Before that drop-off, used values had increased sequentially in each […] [Read More]

Seamless communication between dealership sales staff and car buyers is the goal of a new partnership between Digital Air Strike and iMagicLab. The two companies announced their collaboration this week, to offer dealerships which use the Response Logix and iMagicLab solutions a more robust level of integration. By enhancing the functionality of both products, dealers […] [Read More]

Officials estimated about 730,000 units — all of which are Ford Escape and Mazda Tribute units from the 2001 through 2004 model years — are now under investigation by the National Highway Traffic Safety Administration’s Office of Defects Investigation. ODI investigators revealed in documentation this week that they have been monitoring an issue involving the […] [Read More]

As OEMs gear up for summer clearance events, trying to get all the 2012 models off dealer lots, new ads and incentive programs are debuting each week. And just this past week, Chrysler debuted a new ad for its Dodge Dart, while General Motors launched a new “Chevy Confidence” incentive program. Just how did these […] [Read More]