SANTA MONICA, Calif. — The average used-vehicle retail transaction price during July was up double-digits from a year ago, with a few individual models — mostly SUVs and crossovers — showing hikes of more than 30 percent, according to Edmunds.com. Specifically, transaction prices for three-year-old used vehicles in July averaged $19,248, which marks a 10.3-percent year-over-year uptick. "Consumers […] [Read More]

MISSISSAUGA, Ontario — While there was still softness in wholesale values during July, they were stronger than anticipated, which pushed the ADESA Canada Used Vehicle Price Index to a sequential upswing for the third straight month. More specifically, ADESA's data — powered by ALG Canada —shows that there was a 0.8-point month-over-month increase in the index on a […] [Read More]

BLOOMFIELD HILLS, Mich. — While the Vancouver 2010 Winter Olympics may have been viewed by most as a sporting and cultural gathering lasting 17 days, QEK Global Solutions' Canadian operations just recently wrapped up its Olympiad duties. QEK Canada managed the fleet of vehicles used by the Vancouver Olympic Committee, and finished putting all vehicles out […] [Read More]

OTTAWA, Ontario — In an effort to support the nation's military, the Acura Dealers of Canada are sponsoring a rally car that will be driven by two disabled Canadian Forces soldiers in the Targa Newfoundland international car rally. The pair is attempting to raise $150,000 through the race for the Soldier On Fund, which is a […] [Read More]

IRVINE, Calif. — So students are fully prepared to go back to school, Kelley Blue Book went beyond pens, books and laptops to create its 2010 Top 10 Back-to-School Cars. The choices include a mix of both used and new vehicles that are "fun, economical, versatile and reliable." Topping this Kbb.com chart was the 2006 Honda […] [Read More]

COSTA MESA, Calif. — In the midst of the recent upswing in certified pre-owned sales and the records being set by various OEMs, NADAguides.com has rolled out a revamped version of its Certified Pre-Owned Car Center. This new tool not only makes consumers aware of attractive CPO deals available in their area, but also educates them about various […] [Read More]

DEARBORN, Mich. — After one year in service, the Ford Taurus is boasting a significant jump in resale value, the automaker announced Monday. In fact, the 2010 Taurus is now commanding an average 39-percent increase in resale value, or $7,100 more than the 2009 model, according to Rose Peng, manager of Global Lifecycle Analytics Department. "The […] [Read More]

TORRANCE, Calif. — With Norm Olson's retirement earlier this summer, Toyota management announced some internal executive shifts to ensure its certified pre-owned segment continues going strong. Named to executive team leading this segment is Jason Cropper, as TCUV operations manager, and Tom DeLuise, as national manager for TRAC and TCUV. Cropper is responsible for Toyota's sales operations […] [Read More]

CARY, N.C. — In a new and exciting twist this year, instead of having several Certified Pre-Owned Dealers of the Year representing various makes, Auto Remarketing will honor one select automotive professional with this title, and this executive will be on hand at the 2010 CPO Forum to highlight some best practices and share some tips […] [Read More]

TORONTO, Ontario — Subaru Canada and its dealer body can now connect with shoppers directly through smartphones thanks to the rollout of a mobile version of its website tailored for use on these devices. Users can simply punch in www.subaru.ca into a smartphone search window to connect with not only the mobile site, but to any of the […] [Read More]