The certified pre-owned market experienced its first year-over-year drop in 15 months, but year-to-date sales remain above the 2010 pace, according to Autodata Corp., which indicated that the industry’s CPO sales came in at 144,523 units during May. This total for the month is down 3 percent from May 2010 and puts the year-to-date total […] [Read More]

CarMark Certified, the new vehicle certification program designed for franchise, former franchise and independent car dealers, has gained significant momentum in its first eight months of operation. CarMark compares favorably and, in many facets, is equivalent to automakers’ factory Certified Pre-Owned  programs. Now being offered by dealers in 20 U.S. states, CarMark Certified provides dealers with […] [Read More]

A headline contained within the latest edition of Guidelines produced by NADA Used Car Guide usually refers to what happens when a television show loses appeal. But this time, the reference to “jumping the shark” was connected with the escalating prices for compact and midsize cars. “As any dealer can attest, prices for used, late-model […] [Read More]

NCM Associates created a pair of new education programs for dealerships and their managers. One is aimed specifically at used-vehicle operations while the other is a general management executive program. Set to begin rolling out in August, NCM is taking its used-vehicle and service management training on the road in two new sessions called “How to […] [Read More]

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]