While AutoTrader.com’s rankings of most popular used vehicles didn’t change too much from April, SUVs and trucks are generating the same level of consumer interest and similar trends are being spotted for certified pre-owned vehicles, as well. In fact, the site said seven trucks and SUVs on its list of Top 20 Most-Searched Used Vehicles […] [Read More]

Toyota began its 2012 fiscal year on April 1 still under the cloud of destruction that had ravaged the Japan less than three weeks before. The disasters were as violent as they were fatal, widespread and chaotic. The automaker — and many of its Japanese peers — have started to bounce back somewhat from the […] [Read More]

Communications and auto services company Cox Enterprises announced late last week that it will be making a $1 million donation to support efforts to protect and conserve Georgia’s natural resources. The gift from the James M. Cox Foundation, an organization that provides funding for capital campaigns and special projects in communities where the company does […] [Read More]

Canadian wholesale values were ahead of year-ago levels in May, but prices dropped sequentially across the board as the auction market incurred a 2-percentage-point month-over-month dip, according to OPENLANE. The company’s latest Canadian Market Index was at 99, down from 101 in April and up from 95 in May 2010. Values for cars, minivans, SUVs […] [Read More]

Manheim Canada has teamed up with Leader Auto Resources, a North American auto dealer cooperative, to roll out a pilot program that will give discounts to LAR dealer owners when they utilize auction services at the Manheim Montreal auction. “This is a significant partnership for Manheim Canada and a natural fit for LAR as it […] [Read More]

Canadian fuel costs are expected to continue rising for the next few years and the U.S.-Canada exchange rate is projected to hover near parity for “the foreseeable future,” according to the latest Industry Report shared by ALG Canada. The report offered the company’s take on how these factors will impact Canadian residual/resale values. Specifically, the firm believes that […] [Read More]

General Motors is re-launching its certified pre-owned program today with a new official name, a new branding strategy, a more thorough inspection explanation and what GM officials are calling an "industry first:" a two-year/30,000-mile free maintenance program called Owner Care. Jennifer Costabile, general director of used-vehicle activities for GM, and Larry Pryg, the program’s national manager, talked […] [Read More]

Thanksgiving dinner might be on the table at about the same time OPENLANE expects significant wholesale price declines. As the May OPENLANE Market Index hit 110 — the fourth time it’s been at this level or higher in the past two years — predictions about it receding anytime soon didn’t come from Nagi Palle, OPENLANE’s […] [Read More]

NADAguides unveiled a list of vehicles Thursday that are generating the most market buzz, but also are showing the most limited supply. Interestingly enough, three of the six models listed on the Most In Demand Vehicles Report were from Hyundai or Kia. Ford, Toyota and Honda claimed the other three spots. The first step NADAguides analysts took in creating […] [Read More]

In what was described as a “mixed, but fairly robust” market, dealers by and large have experienced either stable or improving vehicle sales. As for supply issues, they have been spotted quite often throughout the country and have had some adverse effects, according to the Federal Reserve’s latest Beige Book report. The used-vehicle market is also […] [Read More]