Automakers in Canada appear to be closing 2011 with a bang on the certified pre-owned front, as all the companies that reported November results to Auto Remarketing Canada posted year-over-year gains for monthly sales. In fact, one particular brand — Acura — even achieved its best-ever month for CPO sales, and two other brands told […] [Read More]

Vincentric, a provider of vehicle cost-of-ownership data based in the U.S., has now brought its services to Canada. The company announced that it has launched a Canadian database that will provide the country’s auto industry — including dealers and automakers — with ownership data for close to 5,000 model-year 2011 and 2012 vehicles. “With the […] [Read More]

Mercedes-Benz Canada revealed its 2012 Star Dealers list, awarding its top 10 dealers throughout the country. These dealers were evaluated in five categories, including their new and pre-owned sales, service and parts and customer satisfaction. Chosen for the awards were the following dealers (from East to West): —Ches Penney, of Mercedes-Benz St. John’s (St. John’s, […] [Read More]

After October marked the first year-over-year dip in certified pre-owned sales in three months, the CPO market moved back into the black during November, posting a 9-percent improvement over the year-ago period and keeping the year-to-date pace well ahead of 2010. Although CPO sales fell 1.2 percent sequentially, they climbed from 126,519 units sold in […] [Read More]

Ford’s board of directors declared a quarterly dividend Thursday, awarding 5 cents per share. The automaker noted the dividend is payable March 1 to shareholders of record of Class B and common stock on Jan. 31. “We have made tremendous progress in reducing debt and generating consistent positive earnings and cash flow,” stated executive chairman […] [Read More]

Kelley Blue Book unveiled on Thursday what it considers to be the “Top 10 Best Redesigned Vehicles of 2012,” and dominating the list were European models. Not only did a European car take the top spot, these vehicles claimed the top four positions and six of the top 10. Ranking No. 1 on the list […] [Read More]

Though the holiday season may be in full swing, it doesn’t mean vehicle thieves are at rest. In fact, a day of celebration that’s just around the corner is proving to be the most theft-prone holiday of them all, according to the National Insurance Crime Bureau. Based on the number of vehicle thefts reported to […] [Read More]

A Cincinnati independent auction recently moved into expanded and updated facilities and revealed plans to ramp up its bimonthly repo sale. OKI Auto Auction relocated to a 10-acre lot, once part of the former Jim Beam Distillery off Interstate 75 at 120 Citycentre Drive. OKI leased temporary space for more than a year at the […] [Read More]

With OEMs pumping out a number of new electric vehicles to consumers, such as the Chevrolet Volt and the new Mitsubishi i, and fossil fuel costs rising, the hybrid and plug-in EV market is moving to take a significant piece of the automotive sales pie, according to a report from Pike Research. By 2017, the […] [Read More]

In the spirit of the holiday season, Lexus is trying its hand at using social media to push its campaign to raise money for Toys for Tots. Under its December to Remember sales event — whose commercials feature the “Big Red Bow” wrapping up Lexus vehicles like gifts — the luxury brand is donating $5 […] [Read More]