DETROIT — Senior global auto industry executives appear to be cautiously optimistic about the next five years, as many expect auto market stability, investment and growth, but are still concerned with a number of issues impacting the industry, according to KMPG, which recently released its 11th annual global automotive survey. The study, which gathered insight from […] [Read More]

LAS VEGAS — Edmunds.com used the annual Consumer Electronics Show as the platform to hand out a new award to a domestic automaker that's been raking in many honors as of late. The Web Site gave its first Car Technology Breakthrough Award to the 2010 Ford Taurus. Officials presented the honor to the nameplate's chief executive […] [Read More]

MISSISSAUGA, Ontario — Manheim Canada issued a nationwide stamp of approval for the Ontario Motor Vehicle Dealers Act this week, saying that it will support its auctions throughout the country complying with the regulations regardless of whether they are in the province or not. As such, Manheim Canada has amended its National Arbitration policy so that […] [Read More]

TORONTO, Ontario — RouteOne Canada recently announced that Mazda Canada has elected to use the RouteOne platform as the exclusive source for its dealers to access the automaker's retail financing programs. "Our partnership with RouteOne Canada strengthens our ability to manage our financing programs to deliver competitive incentives to our dealers and customers," shared Mike Collinson, […] [Read More]

TORONTO, Ontario — The Ontario Motor Vehicle Industry Council sent out a warning late last month notifying consumers of a dealership in the province that had its registration revoked for alleged deceptive practices. OMVIC said that it took away the registration of Prestige Toys Ltd., as of Dec. 14 for apparently misleading customers about the histories […] [Read More]

McLEAN, Va. — Wholesale values were pushed up every month last year, thanks largely to the fact that the number of used vehicles being pumped into the U.S. market in the last two years has shown a decrease in the neighborhood of 8 million units, according to AuctionNet data. Despite this plunge in used inventory, the […] [Read More]

TORRANCE, Calif. — Yearly certified pre-owned sales in 2009 were down almost 10 percent from 2008 — a year that saw several brands break full-year records as the industry's certified sales climbed 1 percent — but it wasn't all doom and gloom in the CPO market during the final month of the year. Despite the overall softening, some automakers […] [Read More]

CARMEL, Ind. — Dealer Services Corp. of Indiana made a few shifts in its management team recently, appointing Brian Geitner as chief executive officer. Geitner, who was previously the company's chief operating officer, replaced John Fuller, who kept his role as chairman of the board. Meanwhile, Marty McFarland, who had been the DSC of Indiana's chief financial […] [Read More]

CARY, N.C. — During the first business week of the new year, what intrigued readers of AutoRemarketing.com most was ADESA's implementation of the National Auto Auction Association's National Arbitration Policy. They found out the locations the auction company chose to adopt the policy immediately. Another story from Auto Remarketing that attracted plenty of reader interest detailed which […] [Read More]

WESTLAKE VILLAGE, Calif. — J.D. Power and Associates on Wednesday announced a new head of global automotive operations by promoting an executive already with the company. Taking on the position is John Humphrey, who most recently served as senior vice president of international operations at J.D. Power. The company opted to move Humphrey into this role to […] [Read More]