Wholesale values declined on a sequential basis in October and the year-over-year gains the market showed were somewhat deceptive, according to ADESA’s Tom Kontos. Specifically, the average wholesale price for the month was $9,768, which is 0.7 percent softer than September and a 3.2-percent year-over-year hike, he noted. The year-over-year increase, though, is from rather soft comparables, […] [Read More]

The general manager of Bill Kay Chevrolet in Chicago said the Internet has changed the way buyers approach sales. And the key to turning these Internet shoppers into sales is by establishing a relationship. Basically, despite all the technology available today, Ralph Conti still sees relationships as a very important aspect of the sales process. [Read More]

WomenCertified announced its new president for the WomenCertified Auto division. Appointed to the post is James Lawyer, who has significant experience in the auto industry, including his role as CarSoup.com’s head of new business development and strategic partnering. As some may be aware, WomenCertified Auto is a consumer advocate for female consumers. It aims to […] [Read More]

Kelley Blue Book revealed last week that it has launched a mobile application that can be utilized on the Windows Phone 7. Car buyers and sellers can use the app to check out KBB Values for both new and used vehicles. This information consists of such details as MSRP, invoice, fair purchase values, certified pre-owned […] [Read More]

The NAFA Fleet Management Association announced last week that Don Esmond, senior vice president of automotive operations for Toyota, is the first speaker to be confirmed for its annual Institute & Expo.   The I&E, which takes place April 9-12 in Charlotte, N.C., will bring more than 2,000 fleet industry professionals together for four days of education, […] [Read More]

Through a partnership with Insurance Auto Auctions, the National Kidney Foundation has launched a new philanthropic car donation program to support its charitable efforts to help combat kidney disease. [Read More]

Canadian automotive Web portal Auto123.com unveiled the list of finalists for each of the 14 categories comprising its annual awards program. A press conference will be held Thursday at the Intercontinental Toronto Yorkville Hotel Willard Room to announce winners of the 2011 Auto123.com Awards. The 44 finalists for the assorted honors include: 2011 Subcompact of the Year Ford Fiesta [Read More]

Although overall Canadian wholesale prices showed a month-over-month upswing during October, four of six segments listed by ADESA Canada experienced weaker resale values in the auction market during the month, according to the latest ADESA Canada Used Vehicle Price Index report. Specifically, ADESA’s data — powered by ALG Canada — indicated that the index during October […] [Read More]

Similar to what its U.S. parent did this week, as well, Chrysler Canada revealed the first group of Fiat franchises for Canada. The company picked 58 stores divided across the Eastern region, Western region and Quebec. Officials said that Chrysler Canada, in selecting its dealer body, considered the potential dealerships’ “location, the establishment of a dedicated […] [Read More]

General Motors enjoyed the most substantial initial public offering the country has seen this year, generating about $16 billion in its much anticipated IPO that launched Thursday morning, according to a NYSE statement. GM chief executive officer Dan Akerson rang the opening bell of the NYSE, which, in this case, was accompanied by the sound of a […] [Read More]