The used-car market is still challenged by a lack of lease returns — an issue not likely to get better until the first quarter of next year — but dealers have received a shot in the arm from one particular consignment segment in the auction lanes, according to Kelley Blue Book. And oddly enough, this […] [Read More]

The only thing hotter than a California summer is vehicle sales at auction, according to one industry veteran, who says that means recovery within the auto industry. In his post-sale report for this past Tuesday, John Brasher of Brasher’s Sacramento Auto Auction reported the market as high across all lanes during the recent auction, with […] [Read More]

The National Auto Auction Association is bringing together two industry experts for a free Webinar for members titled, “Better Times Ahead?” The session set for 2 p.m. ET on Aug. 28 will include NAAA economist Ira Silver along with Manheim chief economist Tom Webb. They will discuss the economy and the overall state of the […] [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;} SACRAMENTO, Calif. — Three bills aimed at regulating buy-here, pay-here dealers in California like […] [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;} CARY, N.C. — Yet another high-level executive from one of the nation's largest auto […] [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;} DETROIT — This week, Ally Financial revealed the two newest members elected to its […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE CAMBRIDGE, Mass. — According to a recent study from shopping site CarGurus, men may be willing to spend a bit more on the lots than female customers. The study released this week suggests that "when it comes to buying a car, men tend to shop longer and […] [Read More]

AutoCanada’s most recent quarterly performance was the most profitable quarter ever for the company, and its used retail sales climbed by more than 13 percent year-over-year. AutoCanada announced late last week that pre-tax net earnings for the second quarter came in at $8.9 million, up 11.3 percent year-over-year, while EBITDA climbed 9.7 percent to $10.2 […] [Read More]

The Toyota Certified Used Vehicle program in Canada has seen growth of more than 9 percent this year, having sold over 15,000 vehicles thorough July. And on Monday, the automaker expanded its CPO offering. It announced the launch of the Toyota Certified Used Hybrid program. [Read More]

Based on two analyses of used-vehicle behavior in Canada during July, it appears Canadian wholesale prices were rather static in July. More specifically, the latest ADESA Canada Used Vehicle Price Index was released this week, and according to ADESA’s data — powered by ALG Canada — July’s index climbed “moderately” month-over-month. The index is based […] [Read More]