McLEAN, Va. — Depreciation trends have continued to be relatively steady, according to NADA Used Car Guide, which said the majority of used-vehicle sub-segments have only seen a "minor" softening of their values. There were 33 sub-segments analyzed by NADA Used Car Guide across five model-year classes. So of the 165 sub-segment/model-year combinations, the used values […] [Read More]

DEARBORN, Mich. — The new advertising campaign that Ford is rolling out aims to reach out to the African-American community and share not only the story of the company's turnaround, but recognize some of the African-American executives at Ford who have played a big role in the automaker's success. Through print, radio and digital ads targeted toward the […] [Read More]

CHARLESTON, S.C. — American Auto Auction Group has named a new vice president of dealer services. Promoted to serve in the role was Martin Snead, who has been with AAAG since 2006. Snead's most recent post was in a position where he developed a sales and marketing team at Rea Brothers' Mid-South Auction, an AAAG auction in Pearl, […] [Read More]

ST. LOUIS — JMN Logistics recently named a new chief operating officer. The vehicle transportation company tapped an executive with more than 18 years of experience, selecting Mike Richau. The company believes Richau brings a proven track record in successfully leading companies through start-up, turnaround and growth modes. JMN contends its rapid growth rate has made […] [Read More]

EDEN PRAIRIE, Minn. — GE Capital Fleet Services is offering a free online seminar this week that will delve into how companies have utilized benchmarking to keep track of fleet performance and the benefits of doing so. The Webinar — which falls under GE's Spotlight Series — is slated to begin at 1 p.m. EST on Tuesday and will run until […] [Read More]

RICHMOND HILL, Ontario — In a Canadian new-vehicle market that improved more than 6 percent from the weak year-ago figures, several automakers posted their best July sales ever and some continued double-digit streaks of year-over-year growth. Overall, there were 148,756 new models sold in Canada during July, according to the latest Market Snapshot from DesRosiers Automotive […] [Read More]

TORONTO, Ontario — The Used Car Dealers Association of Ontario sent out an alert on Wednesday warning dealers that apparently some of its members haven't been allowed to enter the U.S. from Canada if they have dealer plates on their vehicle.  This denial has apparently arisen out of concern that some people are bypassing proper importation procedures as they bring in vehicles […] [Read More]

TORONTO, Ontario — McLaren Automotive is putting together of network of retailers across North America and the first store in Canada is slated to be located in the Toronto area.  This is part of the manufacturer's plans to create a worldwide network of dealers to sell its exotic sports cars throughout various parts of the globe. Pfaff Automotive Partners […] [Read More]

DETROIT — In June, General Motors had 6,049 dealerships selling eight brands, with 87 brand combinations. After the arbitration process and Letters of Intent were sent out, the automaker says the new, smaller dealer network will be much simpler with about 4,500 dealerships, selling 15 brand combinations and four brands. While the new network is about […] [Read More]

FORT WORTH, Texas — Mercedes-Benz Financial will have a new head of remarketing beginning next month to replace Jeff Gartland, who is moving over to the company's business center operations to head up that segment on Sept. 1.  In turn, Horacio Trujillo was named to head up remarketing. He has been with the company since 1999. Trujillo has […] [Read More]