The Automobile Journalists Association of Canada recently revealed the “Best New” winners in its annual Canadian Car of the Year Awards program, honoring the top new vehicles in 11 segments. Collecting the most honors was Hyundai, which took three segments, while BMW, Kia and Mercedes-Benz were each honored in two segments. Dodge and Volkswagen each […] [Read More]

Later this month, Canadian Black Book is hosting an event in Toronto that will delve into residual and wholesale value trends. The Canadian Black Book Residual and Wholesale Value Discussion — which is being held 8:30 a.m. EST at the Donalda Club on Nov. 22 — will kick off with a presentation from industry analyst […] [Read More]

As demand for used models also strengthens, Polk recently discovered new commercial vehicle registrations (Gross Vehicle Weight 3-8) in the U.S. are set to reach 440,000 units for the calendar year, an increase of 17.6 percent above last year and a 33-percent spike from 2009. Polk acknowledged new registrations remain 45.4 percent lower than the […] [Read More]

AutoNation revealed Thursday that amid an October that saw the SAAR climb above the 13-million mark, the company’s new-car sales fared well this past month, too, with domestics even jumping by double digits. The automotive retailer announced that its retail new vehicle unit sales stood at 18,530, marking a 6 percent increase year-over-year. Delving into […] [Read More]

In what the dealer association calls an indication of auto recovery and a harbinger for economic progress, registration numbers for the National Automobile Dealers Association Convention and Expo are expected to hit a four-year high and eclipse 20,000 attendees. Registration rates are up 20 percent year-over-year and exhibit sales have climbed 30 percent, NADA indicated, […] [Read More]

At the 2011 SEMA Show, eBay Motors revealed the results from a poll that asked enthusiasts to weigh in on “all things auto.” With catagories like  best camshaft, to favorite muscle car — and even best movie car of all time — the 2011 People’s Picks survey garnered what the company is calling a “massive […] [Read More]

Though Honda and Toyota are still facing supply issues, as well as the new challenges from the recent flooding in Thailand, several import brands posted double-digit sales gains in October as international automakers, overall, climbed almost 7 percent, according to the American International Automobile Dealers Association. Specifically, import brands moved 554,369 new vehicles last month […] [Read More]

With used-vehicle sales potentially showing the highest October in four years, CarGurus released some news that might bring even more consumers to dealer’s lots. Its Used Car Price Index for this past month showed a slight dip in the average price of a used car, sitting at $19,278 — down 0.88 percent from September and […] [Read More]

The future is looking a bit brighter for Chrysler, and one particular website is saying these improvements may be partly attributable to a change in leasing. LeaseTrader.com claims that Chrysler — which moved 114,512 new units last month — has perhaps benefited from gains in leasing activity, as well as improvements in how leasing is structured, […] [Read More]

LMC Automotive — a branch of LMC Group, an economic and business consultancy firm based out of the U.K. — revealed this week it has acquired the automotive forecasting division from long-time business partner J.D. Power and Associates. Commenting on the new acquisition, Pete Kelly, managing director of LMC Automotive, said, “We are very excited […] [Read More]