Based on what automakers have shared with Auto Remarketing Canada, certified pre-owned sales appeared to be running on all cylinders in Canada during April, particularly for one European brand that notched its strongest month of all time. Kicking things off, Audi Canada had its best month ever for CPO, moving 426 units in April for […] [Read More]

As gas prices continue to fall for the fifth week in a row, wholesale prices seem to be dipping, as well, according to data on the segments NADA Used Car Guide tracks. Officials from the organization noted that the majority of segments they track are expected to experience minor declines over the course of the […] [Read More]

Legislation introduced this week in the U.S. House of Representatives could lead to removal of a mandate the National Automobile Dealers Association calls “obsolete.” NADA explained that currently the National Highway Traffic Safety Administration is required to print and distribute an insurance report to more than 17,500 franchised dealerships across the country. The report is […] [Read More]

Global vehicle fleet services provider ARI has announced the 2011 recipients of the 13th annual ARI Regional Auction of the Year Award, recognizing commitment to consistent quality service and strong working relationships. Five of the six winning auctions for 2011 have also received the award in multiple years. The 2011 honorees include one ServNet auction, […] [Read More]

The current used-vehicle landscape helped Dollar Thrifty Automotive Group post record first-quarter profit. As the company revealed its latest financial performance on Wednesday, DTAG calculated that its first-quarter net income came in at $40.4 million or $1.35 per diluted share. That level is up from the year-ago net income amount of $16.5 million, or 53 […] [Read More]

In an effort to help dealers better promote their inventory on Cars.com, the site revealed this week an enhanced version of its online advertising package.  Also, the introduction of BaseDrive coincides with the “first wave” of expansions on the site “designed to better align the new-car shopping experience on Cars.com with the needs of today’s […] [Read More]

Two of the auto industry’s big players revealed this week they have teamed up to launch an all-new automotive conference set to debut this fall. The National Automobile Dealers Association in partnership with J.D. Power and Associates announced the creation of the Western Automotive Conference, which is set to coincide with the Los Angeles Auto […] [Read More]

Recent growth has led to a move for Auctions in Motion, which has announced the relocation of its Thursday auction to a larger facility at 889 Mitchell Road in Thousand Oaks, Calif. The move addresses the company’s need for additional space to accommodate growth in demand in the Southern California Region, an AIM spokesperson said, […] [Read More]

After taking dozens of questions about the first-quarter performance of each of the company’s major subsidiaries — ADESA, Insurance Auto Auctions and Automotive Finance Corp. — KAR Auction Services chief executive officer Jim Hallett exhaled and left investors with one more upbeat comment. “From our standpoint, we’re very pleased with the first quarter; very pleased, […] [Read More]

Along with his monthly look at the specialty markets, Black Book’s Ricky Beggs shared how recent changes in gas prices didn’t create wholesale price movements dealers might have anticipated. The Black Book managing editor began his weekly online commentary, “Beggs on the Used Car Market,” by asking dealers a question. Beggs wondered, “With gas prices […] [Read More]