RICHMOND HILL, Ontario — While the checklist of progress made in the auto industry in the year since General Motors and Chrysler completed their bankruptcy processes is largely positive, there remains one particularly glaring weak spot, according to Dennis DesRosiers. He looked at data on Canada's auto-sector job market and called the situation "very ugly." The number […] [Read More]

TORONTO, Ontario — The car for the Canadian Heroes Initiative's NASCAR team rolled out earlier this week. It is designed  to honor the country's military, but unless the team can acquire funding, it could be "parked forever," according to officials.  The team does not have any funding, so to enable this team to participate in Canada's NASCAR […] [Read More]

IRVINE, Calif. — For most of the year, used-vehicle prices have been on the upswing, but their rise has started to diminish, and one Kelley Blue Book analyst, in particular, said this could mean that the used market has hit "a point of equilibrium." In the latest Blue Book Market Report, KBB director of vehicle valuation […] [Read More]

DETROIT — AOL Autos conducted its own analysis of certified pre-owned vehicles currently available from the 2005 through 2007 model years and came up with 10 recommendations. The listing consisted of a myriad of brands, including two that have been discontinued by General Motors — Saturn and Pontiac — as well as a few high-end nameplates such as Jaguar, […] [Read More]

PHOENIX — ClassicCars.com rolled out a new online listing campaign for dealers who want to push their pre-1990 inventory in the U.S. and elsewhere around the world. Site officials explained four elements of the ClassicCars.com Dealer Plan: —Unlimited inventory listings. —50 photos per vehicle listing. —One video clip per vehicle. —Link to dealer websites. —24/7 inventory management with […] [Read More]

MARGATE, Fla. — JM Lexus, which touts itself as the brand's No. 1 volume dealership in the world, launched a new promotion Wednesday to drive traffic through its social media accounts on Facebook and Twitter. Participants who register through the dealership's pages on these sites can win two Muvico movie tickets. Store management dubbed the campaign […] [Read More]

CARY, N.C. — Can used-vehicle dealers begin to see improved margins now that industry analysts finally are seeing wholesale prices edge downward? The Pre-Owned Automobile Dealers Alliance wants dealers to have the latest guidance available to take advantage of the possibility. An upcoming free Webinar will bring together experts from companies such as Black Book, Manheim and […] [Read More]

CHICAGO and FOUNTAIN VALLEY, Calif. — Hyundai will soon become the 29th brand to join the certified pre-owned program on Cars.com.  As part of the program, the CPO inventory of Hyundai entire dealer network will be uploaded to Cars.com, which will include Hyundai certified branding on all of the CPO vehicles listed. The launch is expected […] [Read More]

FOUNTAIN VALLEY, Calif. — June saw the industry's certified pre-owned sales climb year-over-year for the fourth straight month, and although the struggle among dealers to find certifiable inventory may stick around for a while, things could be getting better in the near future. Overall, 137,773 CPO units were sold during June, which marked a 3.2-percent gain from […] [Read More]

REDWOOD CITY, Calif. — After a 3-percentage-point month-over-month decline in May, Canadian auction prices were steady in June as compared to the prior month, though they were softer than year-ago levels, according to OPENLANE's latest Canadian Market Index. Specifically, the average auction pricing for the month was off 8 percentage points compared to June 2009, but […] [Read More]