AutoNation chief executive officer Mike Jackson expects new-vehicle sales to rebound significantly during the fourth quarter but not by the path Kelley Blue Book projected. Jackson refuted the notion automakers will resort to an “incentive war” with plenty of cash on the hood and low APR to move new metal. During a meeting of AutoNation […] [Read More]

As September winds down into its last week, J.D. Power and Associates expects new-vehicle selling rates to be stronger than last month. J.D. Power indicated this month’s new-vehicle retail sales are projected to come in at 842,400 units, which represents a seasonally adjusted annualized rate of 10.3 million units. Analysts pointed out this level marks […] [Read More]

Two of the Big 3 automakers announced shifts in their financial leadership late last week, with General Motors revealing its new vice president of finance and treasurer and Ford announcing the replacement at the controller of The Americas position for David Schoch. Schoch will become chairman and chief executive officer of Ford Motor China. Taking […] [Read More]

The Mecum Auction Co. and West Coast Customs are coming together next month to lend a helping hand to U.S. soldiers who have been severely wounded in the Iraq and Afghanistan campaigns. The Mecum Dallas Auction will hold a sale on Oct. 7 at the Dallas Convention Center to auction off a 2011 Chevrolet Camaro […] [Read More]

Revealed last week, a group of Web-savvy companies announced an upcoming summit tour that will delve into the ways dealers can use Internet sales and marketing sources as a way to drive business to their stores. Liquid Motors, Carfax, eBay Motors and OPENLANE will be orchestrating The Effective Internet Marketing: Wholesale to Retail Summits, scheduled […] [Read More]

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]