Car dealers are doing business with increasingly educated buyers in today’s vehicle showrooms, due largely to technological tools that seem to make online shopping the new norm. And in one recent technology partnership designed to enhance the online buying experience for consumers, AOL and CarWoo this week announced their Best Offer deals, which connect buyers […] [Read More]

As car shoppers continue to increasingly turn to their phones to search for a new ride, AutoTrader.com revealed this week it has launched an enhanced mobile site. For the over 1 million consumers who visit the site each month from a mobile device, the company contends the new mobile offering offers “more advanced searching, sorting […] [Read More]

WASHINGTON, D.C. — 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 […] [Read More]

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;} NEW YORK — Veteran executives might remember negative ramifications from poor strategy some subprime […] [Read More]

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;} NEW YORK — Coming off of the lowest rate seen in the eight-year history […] [Read More]

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]