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]

Skip-tracing, repossession and remarketing management firm Del Mar Recovery Solutions recently expanded its call center operations into Grand Rapids, Mich. Company executives highlighted that a year of steady growth across all of their business lines led Del Mar to open its third call center, which will come online during the fourth quarter. The Grand Rapids […] [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]

In the second of three new honors to be handed out during Used Car Week, Auto Remarketing and SubPrime Auto Finance News announced the inaugural winner of the Re3 Executive of the Year Award presented by Consolidated Asset Recovery Systems. Earning this accolade from a group of qualified candidates who specialize in the repossession, recovery […] [Read More]

Lease subvention climbed more than 5 percent year-over-year in September, which was the first increase in seven months, according to Autodata Corp. data in the latest Guidelines report from NADA Used Car Guide. The report noted that this lease subvention increase occurred even as overall finance subvention fell 4.7 percent, per Autodata. And lease origination […] [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]