STAMFORD, Conn. — Reflecting similar patterns of other wholesale price indicators, the RVI Used Car Price Index increased by another 3 percent in March. RVI Group analysts indicated that the March level also was 20.3 percent higher than the previous-year figure. Fueling the most recent gain were in sports cars, full-size sedans and luxury midsize sedans. […] [Read More]

DETROIT — Saab Cars North America and OnStar reached an agreement late last week to continue to offer OnStar subscription service to brand customers under the automaker's new owner, Spyker Cars NV. Officials said the agreement begins with model year 2010 vehicles and applies to Saab vehicles sold in the United States. OnStar service is a […] [Read More]

NEW YORK — The New York Acura Association, a cluster of three franchise dealers, is partnering with an auto-focused advertising agency on a new technology strategy intended to connect print and online marketing efforts more effectively. The technology called QR, which is an abbreviation for quick response, is based on putting a small bar code within […] [Read More]

MISSISSAUGA, Ontario — The ADESA Canada Used Vehicle Price Index declined month-over-month for the sixth straight time during March, and auction prices saw a slim decline during the month, which normally shows a moderate gain. More specifically, ADESA's data — powered by ALG Canada — indicated that the March index fell roughly 0.1 percentage points (seasonally adjusted) from the […] [Read More]

TORONTO, Ontario — Pay extra careful attention to your advertising these days to ensure it is compliant, the Used Car Dealers Association of Ontario warned this week. The Ontario Motor Vehicle Industry Council is cracking down on violations of the Motor Vehicle Dealers Act's advertising requirements, as 75 dealers have been issued summons to appear in […] [Read More]

EDMONTON, Alberta — AutoCanada has strengthened its presence in the Toronto area, as the company recently bought a Hyundai store in Mississauga, Ontario. It has finished the purchase of assets of the store that was formerly known as Future Hyundai. Going forward, it continues as 401/Dixie Hyundai. There is space for eight service bays and a […] [Read More]

CARMEL, Ind. — With retail demand healthy and supply being limited, dealers were once again aggressive when it came to bidding at the auction during March, and this helped push continued growth in wholesale prices, according to ADESA's Tom Kontos. Specifically, the average wholesale price during March was $10,540, which marked a 6.8-percent year-over-year gain and […] [Read More]

CARY, N.C. — Showing how much dealers and auction executives want to know about the future, one of the top stories this week at AutoRemarketing.com discussed how the used-vehicle market might behave for the rest of the year. Another leading story from the week shared an update on congressional debate that could dramatically alter dealer-assisted financing. […] [Read More]

LAKE SUCCESS, N.Y. — DealerTrack is holding a free online seminar for independent dealers next week to show how these auto professionals can maximize profits and make their stores more efficient by utilizing the company's DMS for Independents. The workshop will be held at 2 p.m. EST on Wednesday, and examines in great detail what the company […] [Read More]

DEARBORN, Mich. — Ford is ramping up its effort to gather consumer feedback about vehicle design and more with a new online initiative the automaker rolled out this week. The OEM has created what it calls the "Your Ideas" section of The Ford Story, the brand's interactive consumer Web site at http://www.thefordstory.com/. Executives want visitors to […] [Read More]