Though closing rates are improving by brand across the industry, J.D. Power and Associates said this trend may be directly linked to a decrease in customer satisfaction with the final delivery of their vehicle. In this month’s Analyst Note, the company suggested that focusing solely on “closing rates may blur the bigger picture for many […] [Read More]

As used supply is expected to decrease minimally in the near future, ALG reports this tightening of used inventory may lead to a rise in residual values in Canada. In its latest Industry Report, the company said it anticipates the decreasing Canadian used-vehicle supply will lead to a 0.2 percent increase on residuals, on average. […] [Read More]

Check your inboxes as February gets under way: Auto Remarketing Canada Digital NewsMagazine is set to launch this coming week, bringing you all the top quality news from your e-newsletters and much more in one easily accessible place! From subway trains to busy conferences, auctions and more, people in the high-speed automotive industry rarely have […] [Read More]

Apparently, retail consumers weren’t the only ones buying more cars in 2012. Commercial-fleet sales were booming, as well, ending the year 41 percent above 2011 yearly levels. In 2012, the industry saw 5.7 million commercial-fleet units sold — or 39 percent of total deliveries, according to CNW’s latest Automotive Retail Summary. [Read More]

The brand might have some of the smallest units on the road, but J.D. Power and Associates determined the badge packs the most effective punch with its website. J.D. Power’s 2013 Manufacturer Website Evaluation Study — Wave 1 revealed that the company with the best site is smart, scoring 845 on a 1,000-point scale. Jeep […] [Read More]

The American International Automobile Dealers Association is reminding dealers they still have time to register for the group’s 43rd Annual Meeting and Luncheon at next month’s NADA Convention and Expo in Orlando, Fla.   In addition to a keynote address from Mercedes-Benz president and chief executive officer Steve Cannon, AIADA’s annual meeting and luncheon will […] [Read More]

After climbing for two months in a row, the latest RDN Monthly Analytics Update indicated December recovery volumes decreased 1 percentage point from the November level, leaving 2012 closing on a trend of consecutive month-over-month dips. However, the December reading came in flat against year-earlier levels. Countering that downward movement, RDN indicated December recovery orders […] [Read More]

As the average age of vehicles on the road continues to rise, it seems people are looking to keep their rides longer than ever.  According to a recent KBB.com home page poll, a third of respondents said they intend to keep their next vehicle purchase for 10 years or more. And this is quite a […] [Read More]

On Monday, the Michigan Wolverines and Kansas Jayhawks became the latest in a revolving door of teams taking the No. 1 spots in the NCAA men's college basketball rankings this season. But consistency seems to be the name of the game in the used-car market. The Honda Accord has continued its reign as the used […] [Read More]

Industry experts report that used prices remain stagnant for both independent and franchised dealers, with prices dropping to rates quite a bit lower than seen in 2012. CNW Research president Art Spinella said used-vehicle prices remain stagnant on both a retail and wholesale level. So far this month, prices are down 2.73 percent for franchised […] [Read More]