GAINESVILLE, Ga. — Auction activity and prices continue to move higher, according to the latest report on wholesale trends from Black Book. For the seventh straight week, more than 60 percent of the wholesale value adjustments that Black Book made were positive. In fact, this past week marked the third time in the reporting period that […] [Read More]

TULSA, Okla. — Dollar Thrifty Automotive Group announced a $200 million financing transaction on Friday to finance more fleet vehicles. The company's chief executive officer highlighted that DTAG can again access the capital markets at competitive rates. Explaining the financing in more detail, the company said its Rental Car Finance Corp. subsidiary issued $200 million of Rental Car Asset […] [Read More]

REDWOOD CITY, Calif. — Stable prices were, once again, the norm at auctions during March, according to OPENLANE, which said its overall monthly indices saw a 2-percent month-over-month increase. For most of March, the OPENLANE U.S. Market Index hovered at 108 — climbing one week to 109 — compared with its February level of 106.  Looking at price trends, OPENLANE […] [Read More]

MIAMI — Apparently, more consumers are looking to escape their leases to take advantage of the strong incentive deals now available in the market, according to LeaseTrader.com. Drivers who entered leases after the credit collapse generally signed up for contracts that didn't include much in the way of incentives or aggressive pricing, officials pointed out. Now […] [Read More]

ITASCA, Ill. — EMKAY recently unveiled its 2009 Auction Award winners, and taking National Auction of the Year honors for the third consecutive time was Greater Kalamazoo Auto Auction. EMKAY gave the Western Auction of the Year award to ADESA Los Angeles, which earned this honor for the second time in a row. Winning the Midwest […] [Read More]

SANTA MONICA, Calif. — While Edmunds.com said it was successful in shutting down two fraudulent sites that were using the company's name, logo and likeness to bilk consumers out of money, it asks those in the industry to be on alert if any similar sites pop up. The company helped shut down www.edmundspayment.com and www.edmundsautopayment.com, but […] [Read More]

WASHINGTON, D.C. — In a new e-book, Social Media Best Practices for Automotive Dealers, GOSO president Adam Boalt explains why social media has shown such quickly mushrooming growth and what the implications are for dealers in this environment. He delves into how social media can be beneficial, brand reputation, word-of-mouth or referral marketing, as well as best […] [Read More]

ATLANTA — After moving up the previous leader of its Canadian business segment earlier this year to a newly created position in America, Manheim recently welcomed a new vice president of operations for Manheim Canada, promoting Brad Hart to the position from his prior post as general manager of Manheim Toronto. Auto Remarketing Canada learned this […] [Read More]

TORONTO, Ontario — Honda Canada has brought in a new president and chief executive officer to take over for Manabu Nishimae, who became operating officer for regional operations, Eastern Europe, the Middle and Near East, and Africa on April 1. Arriving in Canada and taking the president position was Masahiro Takedagawa, whose previous post was as president […] [Read More]

LONDON, Ontario — CarProof announced earlier this week that it has promoted two of its sales team leaders. The company named Shawn Vording director of dealer sales for Western Canada, while taking on the role of regional vice president of dealer sales for Ontario is Chris Alfonso. Vording was most recently a regional sales manager in the […] [Read More]