IRVINE, Calif. — Although the automaker has thrived on its reputation for "quality," Toyota's recent recall has the potential to spiral into significant downward pressure on used values for the brand, according to Kelley Blue Book analysts. As of the end of last week, KBB had already cut the values of the affected models anywhere from […] [Read More]

ATLANTA — Wholesale values kicked off 2010 with a double-digit year-over-year increase but showed just a modest upswing from December, as the Manheim Used Vehicle Value Index has remained relatively static on a month-over-month basis since hitting a peak in September. Specifically, the index for January was 117.6, up 15.6 percent from January 2009, but a […] [Read More]

McLEAN, Va. — Analysts from NADA Used Car Guide attempted to find some clarity in both the wholesale and retail markets in connection with the ongoing Toyota turmoil. Though part of the analysis still was inconclusive, it did reveal some above average softness in wholesale prices on newer Toyota units from the 2008 and 2009 model […] [Read More]

DEARBORN, Mich. — In what the automaker has called a proactive measure to fix a "brake-feel" issue, Ford announced late last week that it has issued a recall to update the software of the regenerative brake systems on some 2010 model-year Fusion Hybrids and Mercury Milan Hybrids. "We have received reports that some drivers have experienced […] [Read More]

CHICAGO — Dealers who list their inventories on Cars.com now can reach consumers who use the iPhone because as the device's slogan goes — there's an app for that. Late last week, Cars.com rolled out a free iPhone vehicle shopping application that can help mobile shoppers search dealer inventories and private-party listings. The app, which also can […] [Read More]

SOUTHFIELD, Mich. — R. L. Polk & Co. executives highlighted the amenities of their new corporate headquarters, stressing the location will make doing business with major automakers easier. All Polk employees now will be consolidated into a single site that's less than two miles from where the company currently resides. Polk will occupy nearly five floors of […] [Read More]

DETROIT — The General Motors Foundation has teamed up with the William J. Clinton Foundation to donate 30 GMC trucks and supplies to earthquake-stricken Haiti. Two of the trucks were slated to be sent to Miami last week as part of the NFL Little Haiti Outreach Event that was being held in the Sant La Haitian […] [Read More]

ATLANTA — After hitting its highest level in almost two years during the final month of the third quarter, the Manheim Canada Used Vehicle Value Index was pushed down by seasonal softening to close the year, according to the company's latest Canadian Automotive Brief. "Even with a reduced volume of higher-priced factory units, the Manheim Canada […] [Read More]

HALLANDALE, Fla. — After making its U.S. debut in the Miami area in September, H. Grégoire, a Canadian used-car superstore company based out of Quebec, said it has made significant progress in its end-to-end service, which helps Canadians to buy vehicles in the U.S. "Many Quebecers from all parts of the province are delighted to have […] [Read More]

MONTREAL, Quebec — RouteOne Canada announced recently that its integration with Serti Informatique's dealer management system — known as SDS — has been completed. Basically, this can help RouteOne dealers who use Serti to become more efficient. Officials said this allows them to transfer deals that were entered into SDS directly into RouteOne, meaning they can avoid having to retype […] [Read More]