New data and analysis from Edmunds and Cox Automotive’s Kelley Blue Book focused on new-vehicle financing, reinforcing how difficult it might be for consumers with subprime credit to take delivery of a new model. And the volume of negative equity experts are seeing likely isn’t helping the situation, either. Kelley Blue Book reported new-vehicle prices […] [Read More]

What’s the most trusted vehicle in Canada? According to AutoTrader, it’s a Toyota. The Japanese automaker claimed six of the 28 categories in the annual AutoTrader Awards, including the award for Canada’s Most Trusted Car Brand. Toyota’s vehicle segment winners included the Camry for Best Family Sedan, the Grand Highlander and its hybrid for Best […] [Read More]

Automotive brand loyalty is making a comeback. After taking a significant drop during the pandemic and associated supply issues, the percentage of car buyers purchasing a new vehicle from the same brand they currently own rose for the second consecutive year in 2024, according to the LexisNexis Risk Solutions’ Automotive Brand Loyalty Study. Brand loyalty […] [Read More]

There’s nothing new about the two top brands when it comes to residual value. Toyota was named the top mass market brand for the sixth consecutive year and Lexus took the premium brand award for the fifth year in a row as J.D. Power announced the winners of its 2025 Canada ALG Residual Value Awards. […] [Read More]

Cox Automotive’s vAuto announced the launch of two enhancements to ProfitTime GPS and its Provision platform. The company introduced Centralized Inventory Management to support dealer group oversight by streamlining operations, enhancing transparency and delivering actionable insights; and a new appraisal experience, designed to help dealers win more trade-ins in the current supply-constrained used-vehicle market. The […] [Read More]

Spiffy is gaining momentum in the mobile service department segment. The company announced last week that its Digital Servicing platform has been integrated with CDK’s Fortellis platform, meaning dealerships can now connect Spiffy’s mobile service technology with CDK’s management system. As part of this, Spiffy has added a third dealership to its Digital Servicing program: […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a fireside chat, featuring George Chamoun, the CEO of ACV. Chamoun shared anecdotes about his family, the early portions of his professional career and what could be happening at ACV and elsewhere in the wholesale market. […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a fireside chat, featuring Grace Huang, who is president of inventory solutions at Cox Automotive. Along with projecting what might be happening at Cox Automotive and elsewhere in the wholesale market. Huang shared anecdotes about her […] [Read More]

Like much of the auto retail industry, CDK is heading for the NADA Show, which opens Thursday in New Orleans, where the dealership software provider plans to showcase the Hybrid Intelligence used by its Dealership Xperience platform. While artificial intelligence processes data through pattern recognition, the company said, it lacks human reasoning, creativity and real-world […] [Read More]

Team Automotive Group has selected a longtime automotive trainer to lead its operations. The Charlotte, N.C.-based dealership group, which operates five locations in the Carolinas, has named NCM Associates moderator and consultant Thaddaeus “TJ” Wilson IV its new chief operating officer. In a news release, the company said Wilson’s 30-plus years of industry experience and […] [Read More]