ANDERSON, S.C. — Carolina Auto Auction management shared some details about the growing list of inventory, cash awards and other prizes expected to be a part of its Christmas in July sales event. The promotion that launched on June 2 culminates on July 14. Between those dates, auction executives mentioned that participating dealers have a chance […] [Read More]

RICHMOND HILL, Ontario — While Canada's new-vehicle sales climbed 0.6 percent year-over-year in May, a better indicator of the market's health is the seasonally adjusted annualized rate, according to DesRosiers Automotive Consultants.   And judging by the company's data, May perhaps wasn't as solid as the raw sales data comparisons might suggest. Overall, 154,927 new-vehicles were sold […] [Read More]

REDWOOD CITY, Calif. — There was some softening in wholesale prices in Canada during May, with some segments showing declines from April and others remaining static, according to the latest Canadian Market Index from OPENLANE. Specifically, month-average prices were down 3 percentage points month-over-month and showed a 6-percentage-point drop from May 2009. "Canadian prices showed downward […] [Read More]

MONTREAL, Quebec — The Montreal Automobile Dealers Corp. recently welcomed a new president at its Annual General Meeting at Hotel de I'Institut. Named as president was Pascal Dandurand, of Champlain Dodge Chrysler in Verdun. The term is one year. Meanwhile, Jacques Tardif, of Longueuil Suzuki, becomes vice president. "All the efforts will be maintained to provide […] [Read More]

DETROIT — A New York Times article out this week proclaimed that the Chevy nickname might be falling by the wayside after it obtained an internal memo from General Motors that discouraged the usage of the moniker. However, in a quick turn of events, GM is now backpedaling, saying that no, the name is not dead, and that customers […] [Read More]

ATLANTA — Ongoing construction didn't prevent Total Resource Auctions from starting up business at its newest Texas location recently. The network of wholesale salvage auctions has grown to 74 with the addition of Total Resource Auctions Dallas located in Wilmer, Texas. The location is being built on 71 acres with the intention of featuring 26,000 total […] [Read More]

ALEXANDRIA, Va. — If you're under the impression that dealers have arrived at the finish line victoriously with the Brownback amendment, you might want to hold off on the high fives. Here's a dose of reality: We haven't won anything yet. Let me explain. As you know, since late last year there has been a […] [Read More]

CARY, N.C. — Most of the top stories this week at AutoRemarketing.com had some connection to Mercury, a brand Ford has decided to eliminate later this year. Also sparking interest from industry leaders was news about a new endeavor undertaken by General Motors. The top five stories from AutoRemarketing.com this week are: 1. NHTSA Investigates Ford […] [Read More]

IRVINE, Calif. — Kelley Blue Book conceded its latest vehicle listing of the Top 10 Fast-Lane Four-Cylinders might lack the visceral kick and deep-throated exhaust rumble of bigger and more cylinder-rich V-type engines. However, site editors contend this contingent of vehicles responds to consumer concerns about rising fuel prices while giving automakers a path to fulfill […] [Read More]

DEARBORN, Mich., and DETROIT — Ford and General Motors each recently announced Google Maps is being integrated into their vehicles' two popular navigation technology platforms. Available later this month on Ford units equipped with the "Send to SYNC" feature, drivers who already use SYNC with Traffic, Directions & Information can select a destination on Google Maps […] [Read More]