Central Auto Auction recently celebrated its fifth anniversary with a special sale on March 1. This event marked a milestone for the family-owned auction centrally located at the “Crossroads of New England,” the intersection of Interstates 95 & 91 in New Haven, Conn. “(It was) our best sale ever,” said Central Auto Auction president and […] [Read More]

Earlier this month, Chrysler Canada celebrated the official return of the Fiat brand to the country by parading more than 200 Fiat 500 vehicles from the Quebec Business Centre along the TransCanada Highway to their respective dealerships. “We are thrilled that the first highly anticipated Fiat 500s have started to land on Canadian soil because […] [Read More]

Because Marcus Breitschwerdt accepted a new company position in the United Kingdom, Daimler AG tapped a new president and chief executive officer for Mercedes-Benz Canada. Succeeding Breitschwerdt in this role effective today is Tim Reuss, who has been with Daimler for the past 24 years. Company officials made the decision since Breitschwerdt has taken on […] [Read More]

FinanciaLinx, an independent Canadian leasing company just purchased by GM Financial this week, recently announced the top auctions in the country.   Taking home the company’s 2010 Auction Achievement Awards are ADESA Calgary and Manheim Toronto.   [Read More]

Ally Financial took the first step toward an initial public offering Thursday by filing a registration statement with the U.S. Securities and Exchange Commission. This comes after several years of challenges for the company. The former General Motors captive saw its majority ownership stake sold off in 2006 as the automaker strove to improve its […] [Read More]

CarMax established a myriad of financial performance records during its 2011 fiscal year as the company reported net sales and operating revenues, comparable-store used unit sales and total used unit sales all climbed by double digits. Executives shared Thursday that their fourth-quarter net sales and operating revenues increased 23 percent to $2.25 billion from $1.83 […] [Read More]

NADA Used Car Guide is seeing the price of smaller, fuel-efficient cars spike as the market reacts to the Japan disaster. And as such, the company said NADA values for April will reflect this increase. And if Japan cannot restore power soon, NADA Used Car Guide is predicting that these higher prices at auction on the […] [Read More]

Polk’s analysis of 2010 loyalty rates found Ford ended the year with a 63.1 percent owner loyalty rate, the highest among vehicle manufacturers. Ford improved its loyalty rate by 3.9 percentage points over the 2009 level and overtook General Motors for the leading position.  Analysts discovered GM and Toyota rounded out the top three manufacturers […] [Read More]

The first quarter has been a busy one for uShip, which saw a company-record $7.6 million in vehicle and motorcycle shipping transacted on its site. That amount marked an increase of 24 percent over the fourth quarter of last year — which was uShip’s previous high — and 33 percent above 2010’s first quarter. Officials […] [Read More]

In an update on Thursday, Honda announced that it is now anticipating that production disruptions in the U.S. and Canada will go beyond April 15. The automaker said it is doing everything it can to keep its plants operating without extensive interruptions. “The vast majority of Honda’s parts and materials are sourced here in North America. […] [Read More]