DealerRater — a website designed to connect dealers and consumers — revealed earlier this week that it has rolled out a site specifically tailored for the Canadian market. The portal lets Canadian car shoppers search for dealers in Canada as well as read or post store reviews, giving dealerships a “simple and effective conduit to […] [Read More]

In the latest reading of the ADESA Canada Used Vehicle Price Index, wholesale value conditions in Canada appeared to be fairly static during October. Specifically, ADESA’s data — powered by ALG Canada — indicates that October’s index showed a 0.1-percentage-point hike on a seasonally adjusted month-over-month basis. Officials noted that on average, wholesale prices were […] [Read More]

Pushed by the Canadian dollar hitting its weakest level against the U.S. dollar in more than a year and gas prices reaching a seven-month low, wholesale values in Canada moved upward in October on both a year-over-year and month-over-month basis, according to the RVI Group. The RVI Used Car Price Index for Canada last month […] [Read More]

Though the low auction volumes and economic backdrop certainly played a big role in the discussions at the National Remarketing Conference, the larger picture taking shape at this year’s event is an industry that is stronger, more nimble and tackling the challenges with enthusiasm and creativity. [Read More]

In a special ceremony Thursday, nine of this year’s 10-member Women in Remarketing class were on hand to accept their awards. Allison Weller, of RemarketingEdge, which sponsored the ceremony, spent some time asking these women to share some of their secrets. [Read More]

Auto Remarketing’s Used Car Week officially concludes today with a series of concurrent workshops. [Read More]

After an October that saw sales soar, bringing the SAAR over 13 million, the industry is expected to keep picking up steam, according to J.D. Power and Associates. Per the company’s monthly sales forecast, this month’s total light-vehicle sales are expected to come in at 975,600 units, marking an 8-percent climb year-over-year. That said, fleet […] [Read More]

If the 2011 DuPont Automotive Color Popularity Report is any indication, it might be a wise idea for dealers to stock several white and silver vehicles on their respective lots. Surpassing longstanding rivals black and gray, DuPont revealed Thursday that white/white pearl joined silver at the top of the world color ranks in this year’s […] [Read More]

As ServNet’s president for the next two years, Charles Nichols says he understands his objective is to represent the network as a buyer’s and seller’s best choice as an auction partner. Nichols recently outlined a series of goals for the 28 auctions whose geographic footprint is spread across the U.S. “I say without hesitation that […] [Read More]

AutoNation revealed Thursday that it has started talks with new and existing lenders for a new credit agreement totaling about $1.5 billion. The proposed five-year deal would include term loan and revolving credit facilities, and it would roughly be $328 million higher than the existing agreement. Additionally, the agreement would include an accordion feature that […] [Read More]