While it was quite clear the double-digit year-over-year gains in Canadian new-vehicle sales spotted during the first two months of 2012 weren’t likely to last the entire year, economist Michael Hatch finds the current rate of growth in Canada fairly sustainable. Canadian new-vehicle sales are 5.2 percent ahead of last year’s pace, as the market […] [Read More]

According to NADA Used Car Guide, the seasonal peak in wholesale prices it predicted to occur this past month has “come and gone.” And prices for the majority of the segments the organization tracks are expected to register minor declines over the course of the current week. That said, against the past trend of wholesale […] [Read More]

As part of its continuing focus on serving customers in any way they choose, Manheim announced the promotion of Joe George on Wednesday to senior vice president of digital and in-lane product development. The company explained the new position is an expansion of George’s previous role as group vice president, Manheim Digital, and reflects Manheim’s […] [Read More]

Used-vehicle trade-in values have been relatively high as of late, according to analysis provided by the National Automobile Dealers Association, which said these strong values are among a slew of factors projected to drive stronger new-vehicle sales in coming months. After touching on the influence of gas prices, economic gains, an aging vehicle fleet and […] [Read More]

Vehicle history report provider instaVIN revealed this week a series of expansions and new offerings. Within its reports, the company now provides key ownership records and additional theft records, as well as other new information, officials noted. This new information comes on top of the  National Motor Vehicle Title Information System-sourced DMV title, brand, insurance […] [Read More]

DealerRater on Wednesday announced national availability of its new comprehensive online reputation and social monitoring platform — 360Certified — a solution for new dealership customers, as well as an upgrade for existing Certified Dealers.  The company explained that 360Certified is the premium level of DealerRater’s popular Certified Dealer Program. In addition to the full suite […] [Read More]

A new website that helps consumers search for vehicles based on car payment and ZIP code has recently launched, giving dealers another avenue to connect with in-market shoppers. Karhunt.com allows shoppers to search subscribing dealers’ inventories to find cars within their payment range. “Karhunt was born out of our 20-plus years’ experience with the auto […] [Read More]

While used-car sales last month jumped more than 40 percent from March, the year-over-year change was much more moderate, according to CNW Research. The firm said Tuesday that there were 3.79 million used sales in April, which is a 40.2-percent month-over-month rise and a 7-percent hike from April 2011. While the 40.2-percent month-over-month upswing may […] [Read More]

Thanks to the higher-than-projected residual values of its vehicles, Avis Budget Group’s adjusted EBITDA has hit “record levels,” the company said Tuesday as it reported preliminary first-quarter earnings results. More specifically, Avis Budget said — based on preliminary findings — that it pulled in about $119 million in adjusted EBITDA for the first quarter, a […] [Read More]

While one analyst took a cautious approach when dissecting April’s new-vehicle sales performance, other industry watchers continued to be impressed by what’s developing with Chrysler. The domestic OEM announced Tuesday it posted its best April sales performance since 2008, turning 141,165 units for a 20-percent increase compared with sales in April of last year when […] [Read More]