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]

CARMEL, Ind. — ADESA Memphis and General Motors are lending their support to help soldiers in need by raising funds for a group that mails care packages to U.S. troops stationed in Afghanistan and Iraq. They raised money during a recent GM closed factory sale at the auction, and this was donated to Project Package, a […] [Read More]

WASHINGTON, D.C. — Auto sales climbed throughout the country, although a few of the 12 Federal Reserve Districts have seen the upswing slow down, according to latest Beige Book report.  The report also indicates that some areas have experienced vehicle demand that is stronger than the speed of production, and this has affected dealers. "Vehicle sales also […] [Read More]