As Prime Minister Stephen Harper announced the Canadian government had reached a free trade agreement with the European Union late last week, many of Canada’s OEMs and manufacturers were already reacting positively to the move.  The government has said that, upon ratification, the Comprehensive Economic and Trade Agreement will work to ramp up trade and […] [Read More]

After a 16 day partial government shutdown ended last week, the effects on the economy as a whole may be evident — but the question of how the event has impacted the automotive industry is still a bit hazy. CNW Research tackled this very concern in its latest Retail Automotive Summary, but CNW president Art […] [Read More]

Though CPO sales are roaring along this year at an unprecedented pace, it is sometimes difficult for dealers and manufacturers to convey the value of a certified pre-owned vehicle through advertising. Why should I buy CPO rather than used? Why does it cost more? What are the benefits? These are all questions most dealers answer […] [Read More]

The used-car retail sales market is looking “tepid” in October, according to CNW Research, but dealers might be able to find some more positive news in what the firm had to say about what has been happening in the certified pre-owned market lately. Not only are customers willing to shell out the extra money for […] [Read More]

At least for now, wholesale and retail price trends are both moving in directions that benefit dealers, according to the latest analyses from Black Book’s Ricky Beggs and CNW Research. First on the wholesale side, Black Book indicated car prices dropped on average of $74 last week — about the same rate they have decreased […] [Read More]

Before turmoil on Capitol Hill over the government shutdown and debt ceiling finally settled this week, the uncertainty appeared to be having a pronounced impact on potential sales as multiple captive finance companies make special considerations for furloughed federal workers. Kelley Blue Book Market Intelligence found that one in four visitors to KBB.com who are […] [Read More]

The strides made by Subaru in the new-car market are clearly evident, as a recent post to a NADA Used Car Guide blog illustrates. The company’s sales total last year was nearly 80 percent stronger  than the annual sum 10 years ago. And what has gone hand-in-hand with this new-car growth, says NADA Used Car […] [Read More]

Twenty percent of the time, dealers have cut the retail price of a used car an average of nearly 7 percent by the time it gets in the hands of a consumer. That’s according to iSeeCars, which came to this conclusion after analysis of 30 million used cars. The company’s analysis also determined that prices […] [Read More]

In the Seventh Federal Reserve District (Chicago), the growth in vehicle sales has not been as high recently as it had been previously, but dealers in the region may be happy to know that used-vehicle demand in the region showed “continued strength,” as did the consumer appetite for fuel-efficient vehicles. Likewise, the Cleveland District saw […] [Read More]

After being ousted from the top spot of most talked about automotive brand online by Chevrolet in August, Ford regained the lead in online discussions this past month. According to the September Social Buzz Report from  Phoenix Marketing International’s Automotive Practice, the Blue Oval was talked about 867,308 times last month. Following closely behind was […] [Read More]