Wholesale vehicle prices in Canada continued to fall last week, but the drastic declines of the week prior evened out a bit. According to Canadian Black Book data, wholesale prices fell by 0.96% overall. Cars fell by just 0.46%, while trucks and SUVs dropped by 1.46%. Two segments out of the 22 CBB tracks saw […] [Read More]

Editor’s note: Our report now includes comments from the National Independent Automobile Dealers Association (NIADA). The Federal Trade Commission said its newest rule released on Tuesday will prevent “bait-and-switch tactics and hidden junk fees” when consumers purchase vehicles. The FTC said the Combating Auto Retail Scams (CARS) Rule also includes “clear” protections for members of […] [Read More]

Dealership service departments are not only losing market share to general repair shops — they’re also losing the trust of consumers, according to the latest research by Cox Automotive. Cox’s new study, “Under the Hood: Opportunities and Challenges in the Service Industry,” found that while franchised dealerships are still vehicle owners’ top choice among service […] [Read More]

Digital retail software provider CarNow has hired former BacklotCars and ADESA executive Will Farmer as its chief revenue officer, the company announced Tuesday. Farmer will be responsible for overseeing revenue growth across field sales, national sales and independent sales, with a focus on delivering value to customers and driving results for CarNow’s dealer network. “My […] [Read More]

Perhaps it’s trouble getting parts or finding the labor to get the repair work done. Whatever the reason, Black Book auction observers noticed a distinct trend in the lanes this past week. After recapping price movements that included overall wholesale prices dropping another 1.49%, Black Book said, “One of the things we noticed this week […] [Read More]

Used-car retailing giant CarMax has begun a pilot test of its first all-electric semi-truck as a vehicle hauler in California’s San Joaquin Valley. The truck can travel an estimated 230 miles on a single charge and transport up to seven vehicles at one time, which CarMax said allows it to efficiently service its stores in […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a conversation about the certified pre-owned market with perspectives from B. Miller of Cars.com, Nate Myers of the SONS Auto Group and Marc Riley of the Rick Case Automotive Group. Listen […] [Read More]

AutoTrader’s Top Vehicles of 2023 research shows that Canadian car shoppers are still optimistic, reflected by search rates for luxury vehicles. However, actual completed transactions show a preference for utility. This year, Canadians were plagued by high cost-of-living and vehicle prices — even though they are on the way down from 2022. But AutoTrader reports, […] [Read More]

Electric vehicle maker Fisker is ramping up its North American executive team, adding leaders in its Canadian and U.S. operations. Wolfgang Hoffmann is the new country manager for Canada, and Amira Aly has joined as vice president of sales, for the U.S. “I am excited that two seasoned automotive professionals have chosen to help Fisker […] [Read More]

November typically contains a variety of enticement offerings to get consumers to spend on holiday gifts. Evidently, finance companies didn’t take that approach to stimulate automotive retail activity like what might have happened for electronics or home and personal items. The newest Dealertrack Auto Credit Availability Index showed access to auto credit worsened in November […] [Read More]