INNISFIL, Ontario — In addition to sharing plans for its anniversary sale next week, North Toronto Auction revealed recently that it will be the first Canadian auction to partner with SmartAuction to sell wholesale units. "We are eager to break away from the traditional auction schedule of most physical auctions having an auction on the same day every week. […] [Read More]

BRAMALEA, Ontario — To give its dealers another strong selling point and to foster customer loyalty, Jaguar Canada has rolled out its Jaguar Platinum Coverage customer care package that enhances the automaker's warranty coverage and gives consumers a maintenance program that the automaker calls the industry's strongest. The customer care package, which comes standard on its entire 2011 lineup […] [Read More]

McLEAN, Va. — According to NADA Used Car Guide, there are four reasons why analysts believe wholesale vehicle prices will moderate and follow seasonal depreciation patterns during the remainder of the year.  The specific reasons given by Jonathan Banks, executive automotive analyst for NADA Used Car Guide, included margin erosion, new-vehicle sales, returning used supplies and […] [Read More]

SANTA MONICA, Calif. — The auto market has reached what TrueCar.com calls a "full-blown recovery," with April's seasonally adjusted annualized rate for new-car sales likely to hit 11.5 million units before surging into 12 million-plus unit SAAR range during the summer. TrueCar.com anticipates there will be 1,010,059 new vehicles (including fleet) sold during April, which would […] [Read More]

FORT LAUDERDALE, Fla. — Enjoying the second straight quarter of growth throughout all its regions — including Florida, its largest state — AutoNation's used- and new-vehicle revenue gains helped push close to a 19-percent increase in overall revenue in the first quarter, a period that saw the company's net income from continuing operations climb $5 million. More specifically, AutoNation's […] [Read More]

CARY, N.C. — Whether it's consumers or dealers, they're turning to AutoRemarketing.com to learn more about how the used-vehicle market might behave for the rest of this year. A story that analyzed industry trends and forecasts led traffic at AutoRemarketing.com for the second week in a row. Another item that shared the latest data available from […] [Read More]

SANTA BARBARA, Calif. — ALG has scheduled a free Webinar to discuss the latest residual value trends. The Webinar, titled "Learn How to Navigate This Year's Market Challenges and Come Out on Top," is set for 2 p.m. ET on April 29. "Between numerous recalls, emerging brands, and a resurgence of American muscle amid the continued […] [Read More]

WESTLAKE VILLAGE, Calif. — A lift in shopper traffic early in the month as well as the incentives rolled out by automakers are likely to bode well for the new-vehicle retail sales pace for April, which should show a modest uptick, according to J.D. Power and Associates,  The company said the seasonally adjusted annualized rate for new-vehicle retail sales will likely continue to […] [Read More]

MIAMI — LeaseTrader.com has found a rising amount of parents are turning to a different source to get into a favorable contract for a vehicle — adult children. In fact since 2008, site officials have spotted a 28.9-percent increase in middle-age parents asking their children to be a co-signer on a LeaseTrader.com vehicle lease. LeaseTrader.com believes the […] [Read More]

TURIN, Italy — While Fiat's automobile operations are being kept under the more than century old company, its industrial business units, meanwhile, are being placed into a demerged company, it was announced Wednesday as Fiat Group presented its five-year business plan Fiat also aims to fully integrate its lineup with Chrysler Group, and has its sights […] [Read More]