Edmunds.com revealed late last week that it has updated its Android smartphone app to include more used-car pricing information. The added features allow for users to research the specifications of used vehicles and to configure and appraise them with trade-in, private party and retail prices based on Edmunds.com’s True Market Value calculations. [Read More]

Not long after announcing its plans to become a corporation, Carfinco Income Fund revealed its new chief operating officer earlier this week, appointing current chief financial officer Troy Graf to the role. Replacing Troy Graf as CFO is Stephen Dykau, who has been with Carfinco since April 2009, when he joined as vice president of […] [Read More]

While the Honda Civic maintained its perch atop the list of best-selling passenger cars year-to-date in Canada, the model saw its monthly sales fall more than 41 percent in August and is seeing some pressure from a certain Korean model that may knock the vehicle from its longtime run as the country’s most popular car, according to industry […] [Read More]

Earlier this week, Discount Quebec conducted the beta launch of a private-label auction and dealer-to-dealer wholesale marketplace where dealers can purchase vehicles straight from the Canadian rental car company and utilize inventory auctions for no transaction fees. The auction platform is powered by XLane, which is a professional networking and remarketing portal. Users can participate […] [Read More]

As the National Auto Auction Association convention prepared to conclude last week, the group welcomed several industry veterans into its Hall of Fame, including Dan Kennedy, of General Motors; Tim West, of Black Book; Alexis Jacobs, of Columbus Fair Auto Auction; and the Exhibitor of the Year award went to Ralph Robinson, of Auto Use. […] [Read More]

Chase Auto Finance revealed its 2011 Chase Cup for Auction Excellence winners Thursday at the National Auto Auction Association’s annual conference in Chicago. One Midwest auction even took home two awards — including the overall prize. The winner of this year’s Chase Cup for best national auction is ADESA Cincinnati-Dayton. This ADESA auction also took […] [Read More]

Coming in conjunction with remarks by its executive team, Wheels named its annual award winners during the National Auto Auction Association convention. During a special ceremony, Wheels honored the following operations: —Carolina Auto Auction: Southeast Region Performance Award. —Manheim Central Florida: Southeast Region Performance Award. —Manheim New Jersey: Eastern Region Performance Award. —Manheim Dallas: Western […] [Read More]

Dealers continue to tussle with used inventory challenges, but they appeared to be getting a bit of relief in September, particularly for Big 3 and Asian brand vehicles. CNW Research said in its latest Retail Automotive Summary that used-vehicle supply is estimated to be 43.57 days, compared to the level at the end of August […] [Read More]

Often, the toughest part of a used-car manager’s daily work is finding the necessary vehicles to fill inventory needs and doing so at a reasonable price. In fact, the latest data from CNW Research indicates that although days’ supply of used cars has improved to some degree, it’s around half of what dealers had in […] [Read More]

Edmunds.com poured over R.L. Polk & Co. data to find which U.S. market is the hottest for new-vehicle buyers. What did the site find? Turns out, the metropolitan area with 24 percent more new-retail registrations during the first half of this year compared to the same span last year is Atlanta. Edmunds.com discovered Phoenix was […] [Read More]