Carfinco Income Fund took a few big steps this week as part of its process to transition from being an income trust to becoming a new corporation. Carfinco revealed Wednesday that it has struck an arrangement agreement with the new corporation — to be named Carfinco Financial Group — which is one of the required […] [Read More]

A full day has not even passed since the announcement of AutoCheck’s return, and Warren Barnard has already been fielding calls expressing words of encouragement. Amid a disagreement that dates back to June, the Used Car Dealers Association of Ontario was able to come to a temporary accord about a week ago with the Insurance […] [Read More]

Though still challenged by Japanese inventory issues in the third quarter, AutoNation’s net income from continuing operations soared more than 20 percent, and the retailer achieved its best-ever third quarter for earnings per share from continuing operations. [Read More]

NADA Used Car Guide didn’t expect the sagging wholesale prices for compact cars dealers experienced during the first two weeks of October. Executive automotive analyst Jonathan Banks admitted this week that stretch has been “incredibly bad” for small cars prices. “We’ve already seen between a 3- and 6-percent decline depending on the model year,” Banks […] [Read More]

Automakers, dealers and service providers are looking to connect with consumers on mobile devices for good reason. Data from the comScore MobiLens service showed 72.2 million Americans accessed social networking sites or blogs on their mobile device in August, an increase of 37 percent in the past year. The recent study also provided new insights […] [Read More]

The National Automobile Dealers Association expected some backlash when 66 U.S. House members urged the chairman of the Committee of Appropriations to craft legislation that would put CAFE standards solely under the jurisdiction of the National Highway Traffic Safety Administration. A retort from a group of environmentalists came the same day. The chief executive officers […] [Read More]

Car and Driver and marketing organization Jumpstart Automotive Group revealed this week the launch of a new tool designed to aid consumers in the market for a luxury vehicle. Luxury Vehicle Advisor gives users the ability to prioritize luxury car features that they find most important when making a purchase. Then, they can compare units […] [Read More]

Independent auto consultant Glenn Mercer’s study will comb through confidential interviews with dealers, lawyers, accountants and automakers, among others. Part of the process will be to reach out to outside industries — like the restaurant and hotel businesses — to seek their input. All of this will be done to address a point of “frustration” […] [Read More]

Carfax revealed Thursday that its mascot Car Fox has been voted “Most Irritating Animated Actor” by The Consumerist — a blog owned by the Consumers Union that highlights shopper opinions and experiences. Through the company’s “Show Me the Carfax” campaign, its Car Fox mascot has become a household name, showing up on televisions and in […] [Read More]

The auto market has been among the bright spots for many parts of the country lately, as most Federal Reserve Districts saw car sales climbs and improvements in new-vehicle supply following disruptions earlier this year. These were just two of the findings in the latest Beige Book report from the Federal Reserve Board, which delved into […] [Read More]