Open Dealer Exchange — which is a joint venture formed by Automatic Data Processing and the Reynolds and Reynolds Co. — said that it has secured its first Canadian partnership, a deal that officials believe will be beneficial to dealers and lenders alike. [Read More]

Canadian used-vehicle prices increased modestly on a sequential basis during December, according to the latest ADESA Canada Used Vehicle Price Index. However, most segments included in the data were said to be soft. Specifically, ADESA’s data — powered by ALG Canada — indicated that there was a 0.3-point upswing in the index for December compared to the prior […] [Read More]

Carfinco Income Fund said recently that its board of directors will be evaluating the various options the company has for boosting unit-holder value, and among the potential strategic alternatives that will be considered is the possible sale of the Alberta-based company. The company turned to FBR Capital Markets & Co. for guidance during the review process. FBR […] [Read More]

Several factors helped lift December’s leasing penetration level by more than 26 percent on a year-over-year basis, according to an analyst with J.D. Power and Associates. In fact, Auto Remarketing learned that December’s lease penetration level came in at 21 percent. [Read More]

Seen as a catalyst for its remarketing efforts, Automotive Resources International rolled out a redesigned version of its remarketing website Thursday. ARI contends the new version now contains graphically intuitive navigation and enhanced functionality.  Executives explained improvements to the ARIAutoDirect website also is meant to promote increased site traffic, an interactive sales approach and ultimately […] [Read More]

In reviewing Mitsubishi’s global business plan for fiscal years 2011 through 2013, Auto Remarketing learned the end might be near for the automaker to continue building region-specific models, including U.S.-only models. Instead Mitsubishi looks poised to take on a more global approach with its product platforms.   The automaker’s production hub in the U.S. will be used to build a […] [Read More]

Fiat SpA revealed its new treasurer on Wednesday to replace Camillo Rossotto. Named to the position is Antonio Picca Piccon. Picca Piccon’s most recent role was as chief executive officer and general manager of Fiat Group Automobiles Capital SpA. In his new post, Picca Piccon will manage the financial service activities of Fiat SpA and will […] [Read More]

Continuing its slew of announcements, General Motors named a new senior vice president of global product development on Thursday. The automaker appointed Mary Barra to the post. Barra was most recently vice president of global human resources, a post in which she began in 2009. Her position prior to that was as GM’s vice president of global manufacturing engineering. [Read More]

A regular panelist for the Pre-Owned Automobile Dealers Alliance’s Webinars plans to hold three workshops during next month’s National Automobile Dealers Association Convention. Doug Hadden, senior manager at DealerTrack, is scheduled to be in San Francisco for NADA’s annual event as a featured speaker. Hadden’s agenda includes several workshops on driving sustainable profits in the […] [Read More]

The Metro Detroit Buick GMC Dealers Association wrapped up its yearlong Detroit Sweepstakes during the recent North American International Auto Show. In celebration of the conclusion, a Buick dealer awarded the grand prize, a two-year lease, to a Michigan schoolteacher. The association’s campaign included more than 30 local events at member dealerships. Entries were collected at […] [Read More]