Used-car inventory levels approached 50 days’ supply last month, continuing an upward movement that has offset some of the rise in retail prices for dealers, according to CNW Research. Supply is expected to hit the 52-days mark in early 2014, but CNW contends this level “is within a comfortable level for solid profits.” Getting into […] [Read More]

I have a prediction: Over the next three years, the way dealers manage, merchandise and price their new-vehicle inventories will be dramatically different than how they’re handled today. In fact, I’d argue that the best practices we see today in used vehicles will serve as a guide for new-vehicle departments. This prediction comes from observing […] [Read More]

For the fifth month in a row, there was a double-digit-percentage increase in the number of unique lookups for used Porsche models on NADAguides.com. Specifically, consumer activity for Porsche in November climbed 16 percent year-over-year, according to data included in the latest Guidelines report from NADA Used Car Guide. This was more than double the […] [Read More]

In a move the company said will nearly double its capacity and make it the second-largest car hauler in North America, United Road Services — in partnership with its owner (Charlesbank Capital Partners) and investors — announced that it has acquired the auto transport division of Waggoners Trucking. The expanded United Road will now have […] [Read More]

In light of the evolution of the hybrid once being a car “dreamed up for future” to now having been a widely available car for many years, iSeeCars.com took a close look at the segment’s best-seller: the Toyota Prius. The site boiled down the 10 U.S. cities where the used Prius can be bought for […] [Read More]

Fleet services provider ARI announced two new executive appointments this week. Rick Tousaw has been promoted to senior vice president and general manager of ARI Canada. And Craig Balfour has been promoted to vice president of sales for ARI Canada. Commenting on the new appointments, executive vice president of global operations Chris Conroy said, “We’re […] [Read More]

Based on projections for used-car supply provided to Auto Remarketing by NADA Used Car Guide, there will likely be an 18-percent rise next year in the number of off-lease units within the pool of used vehicles up to 8 years in age. In its used supply forecast, broken up by registration type, NADA is predicting […] [Read More]

As 2013 comes to a close, it is customary for businesses of all kinds to take a look back at the past year, assess their performances and prepare for the next 12 months — and it’s no different in the transportation industry. This year, the focus has been on the transition to ePOD, or electronic […] [Read More]

The trend of consumers keeping their vehicles longer that began during the last recession is only expected to accelerate in the next five years, according to CNW Research president Art Spinella, who pinpointed the lease market as a vital tool for automakers and dealers in keeping customers coming back to the dealership. This is particularly […] [Read More]

Late Thursday evening, ALG honored the brands that ranked the highest for perception of value in Canada with Mercedes-Benz topping the list. But the annual awards have a different face this year. ALG has upgraded and re-launched the metric for automakers to compare the perceived quality of its brand and the effect on residual values. […] [Read More]