It was revealed last week that IronPlanet Motors has added another company to its network of approved service providers. Joining the group is EquipmentEngine, which will provide IronPlanet clients with various recovery and storage services at its 200 locations throughout the U.S. EquipmentEngine will offer IronPlanet customers such services as storage, diagnostic inspections, repairs, detailing, […] [Read More]

The Automobile Journalists Association of Canada recently revealed the “Best New” winners in its annual Canadian Car of the Year Awards program, honoring the top new vehicles in 11 segments. Collecting the most honors was Hyundai, which took three segments, while BMW, Kia and Mercedes-Benz were each honored in two segments. Dodge and Volkswagen each […] [Read More]

Later this month, Canadian Black Book is hosting an event in Toronto that will delve into residual and wholesale value trends. The Canadian Black Book Residual and Wholesale Value Discussion — which is being held 8:30 a.m. EST at the Donalda Club on Nov. 22 — will kick off with a presentation from industry analyst […] [Read More]

Two Ontario car salesmen will go without their licenses for a year, thanks to a recent ruling from the province’s License Appeal Tribune. Kien Trung and Mohammed Shaikh, who had been salesmen with the former Mazda of Orangeville dealership — which has since closed up shop, according to the Orangeville Banner — and the store […] [Read More]

While ADESA’s softer third-quarter performance forced KAR Auction Services to lower its expectations for full-year adjusted EBITDA, chief executive officer Jim Hallett remains extremely upbeat about the future because of the OPENLANE acquisition. Having officially closed the deal last month, Hallett used a good portion of Thursday’s quarterly conference call with investors to highlight everything […] [Read More]

Not long after eclipsing the 1,000-member landmark on LinkedIn, Auto Remarketing passed another social media milestone, as it continues to increase its footprint in online digital networking. The Auto Remarketing group on LinkedIn now includes more than 1,500 members, including executives and leaders with auctions, dealerships and other important players in the remarketing world. “We’re […] [Read More]

As demand for used models also strengthens, Polk recently discovered new commercial vehicle registrations (Gross Vehicle Weight 3-8) in the U.S. are set to reach 440,000 units for the calendar year, an increase of 17.6 percent above last year and a 33-percent spike from 2009. Polk acknowledged new registrations remain 45.4 percent lower than the […] [Read More]

AutoNation revealed Thursday that amid an October that saw the SAAR climb above the 13-million mark, the company’s new-car sales fared well this past month, too, with domestics even jumping by double digits. The automotive retailer announced that its retail new vehicle unit sales stood at 18,530, marking a 6 percent increase year-over-year. Delving into […] [Read More]

In what the dealer association calls an indication of auto recovery and a harbinger for economic progress, registration numbers for the National Automobile Dealers Association Convention and Expo are expected to hit a four-year high and eclipse 20,000 attendees. Registration rates are up 20 percent year-over-year and exhibit sales have climbed 30 percent, NADA indicated, […] [Read More]

DealerRater has rolled out a new service powered by CarWoo that can help connect in-market consumers with dealers. With DealerRater’s Private Buy, consumer members can tap into the CarWoo MarketPlace, an anonymous online vehicle marketplace. Explaining how MarketPlace works, officials noted that a host of dealers provide offers, and the customer selects the best offer. […] [Read More]