CarProof announced its new director of corporate accounts earlier this week, appointing a former Manheim and ADESA executive to the role. Named to the position is Steve Macaluso, who comes to CarProof after serving as general manager of Manheim Toronto. In his new role, Macaluso will be asked to build and bolster CarProof’s business relationships […] [Read More]

Canada’s new-vehicle sales in June climbed more than 6 percent year-over-year, and while automakers continue to struggle in the midst of production challenges, several companies posted record sales for the month. Overall, there were 164,796 new units sold in Canada, up 6.6 percent from June 2010, according to the Market Snapshot provided by DesRosiers Automotive […] [Read More]

Thanks to efforts made to trim costs and interest expense, Calgary, Alberta-based Quorum Information Technologies saw a significant lift in its pre-tax net income during the first quarter of fiscal 2011 after recording a loss in the same period a year ago. Specifically, Quorum pulled in $102,000 in net income before taxes during the period, […] [Read More]

With fuel costs dropping and prices for fuel-efficient models softening, Kelley Blue Book outlined what dealers need to do now if their inventory is stocked heavily with compacts. KBB’s manager of vehicle valuation Alec Gutierrez recommends dealers purge extra fuel-efficient models and replenish them with stable crossovers. “With fuel prices falling and values of fuel-efficient vehicles on […] [Read More]

In recent times, many consumers have gravitated toward the used-car market as an alternative to buying new. And while the current supply shortage may limit what a dealership can carry on its lot, there are certain used models that stand out from their peers when it comes to dependability and other aspects that shoppers find […] [Read More]

When the annual Fortune Global 500 was rolled out on Thursday, several automakers found their names on the list which ranks the world’s 500 largest corporations in terms of highest yearly revenues. In fact, a few perched near the top of the rankings, as five automakers were in the top 25. Receiving the highest ranking […] [Read More]

Salvage auction company QCSA Holdings announced Thursday that it has found a new director of sales and service. Tapped for the position is Susan Gordon, whose 15 years of industry experience includes time with Manheim and PAR North America, among others. "I’m very happy to be a part of the growing team at QCSA Holdings," […] [Read More]

Group 1 Automotive announced this week it has completed a $1.35-billion five-year revolving syndicated credit facility with 21 financial institutions. The company said this new facility expires in June 2016 and can be expanded to $1.6 billion total availability. Executives highlighted the revolving facility will provide $1.1 billion for inventory floor plan financing. They added […] [Read More]

As the automaker continues to search for ways to secure more medium to long-term funding, on Thursday Saab celebrated the approval of a few recent agreements and announced it plans to restart production in early August. Just yesterday, the automaker gained final approval from the Swedish Government, the Swedish National Debt Office and the European […] [Read More]

Infiniti released new television spots Thursday reinforcing what the company believes: the brand is the opposite of “the status quo.” Officials highlighted the series of ads — the first of which includes a 60-second “brand anthem” — are geared to emphasize Infiniti’s designs, engines and technologies.  Infiniti contends it’s also “challenging the status quo” by […] [Read More]