Canadian prices were sequentially static for the second consecutive month during April, but posted a year-over-year gain of 4 percentage points, according to the latest analysis from OPENLANE. Specifically, the Canadian Market Index was at 99, a level it has held steady since February, OPENLANE indicated. By segment, three of the four categories in OPENLANE’s analysis […] [Read More]

Though Canadian new-vehicle sales were up almost 7 percent in April, there still is “a long way to go” before it can be determined the market has made a full recovery, according to the latest sales analysis from Dennis DesRosiers. Sales came in at 159,942 for the month, which marks a 6.9-percent rise from April […] [Read More]

The certified pre-owned market continues to see strong year-over-year gains, with automakers improving results by 8 percent in April and pushing their year-to-date sales up 12 percent, according to Autodata Corp.   However, since inventory sourcing continues to be a big challenge for many dealers, Auto Remarketing sought out some of the best advice to offer our […] [Read More]

LeasePlan USA revealed its new vice president of operations on Thursday, whose responsibilities will include remarketing, in addition to other areas. Named to the role is Mike Miller, who has been with the company since 2004. Miller will be responsible for leading the commercial fleet operations group to continued success. His responsibilities will include vehicle acquisition, vehicle […] [Read More]

AutoRevo recently rolled out a new corporate identity to accompany a product update, a new website and service offerings like search-engine optimization and e-mail marketing. “The idea of rebranding AutoRevo was raised in the fall of 2010, when it was clear that we were transitioning to a company with a broader product line and premier […] [Read More]

Audi of America recently chose NCM Associates to provide 20 Group services to a select cluster of U.S. franchise dealers. Officials explained the Audi Peer Consultation Groups will be comprised of non-competing Audi A8 Flagship Program dealers who desire to collaborate with their peers around operating performance excellence and profit maximization using NCM’s Benchmark for […] [Read More]

Dollar Thrifty Automotive Group performed better financially in the first quarter than its management initially expected, and although the company certainly took a hit from the winter storms that gripped much of the country in January and February, Dollar Thrifty’s top boss says the industry is poised for a good summer. Overall, the company posted […] [Read More]

While still contending with disaster turmoil in its homeland, Toyota decided to support the American Red Cross with a donation of $1 million. The funds have been directed for relief efforts to help victims of the recent outbreak of tornados in the Southern, Midwestern and Eastern regions of the United States. Furthermore, Toyota announced it […] [Read More]

During the same week General Motors reported that it posted more than $3 billion in first-quarter net income, the automaker decided to invest $131 million in the Bowling Green Assembly plant to support production of the next generation Chevrolet Corvette, adding about 250 jobs. “This is a significant day for anyone who believes that America […] [Read More]

Dealer consignment conversion rates shared by KAR Auction Services chief executive officer Jim Hallett Wednesday reinforced likely dealer observations — how units in these ADESA lanes are going to store inventory and not head back to the auction’s storage facility. In years past, dealer consignment units might have converted at 40 to 45 percent; however, […] [Read More]