EDMONTON, Alberta — AutoCanada Inc. continued the momentum it started late last year and finished the first quarter of 2010 with net earnings that were up more than 27 percent from the year-ago period.  The company also resumed payment of quarterly dividends. Specifically, AutoCanada's first-quarter net earnings totaled $1.4 million, a 27.2-percent upswing from $1.1 million […] [Read More]

EDMONTON, Alberta — Carfinco Income Fund got 2010 off to a strong start, posting record net earnings for the fourth consecutive quarter. The company's $3.6 million in first-quarter net earnings beat the previous record — which was set in the fourth quarter of 2009 — by 37.1 percent. Not to mention, it marked a 365.1-percent rise in net […] [Read More]

WASHINGTON, D.C. — Debate over creation of the Bureau of Consumer Financial Protection intensified as the U.S. Senate neared a vote to consider an amendment many argue is paramount to sustaining current dealer operations nationwide. Late Wednesday, the White House joined the fray, releasing a statement that did not sit particularly well with the National Automobile Dealers Association. President Obama declared […] [Read More]

CHICAGO — Cars.com is gathering a panel of experts and dealer executives for its next free DealerADvantage Live Webinar. The event, titled "The Price is Right," will share discuss tactics and tools dealers can use to price and stock their inventory competitively. It is set for noon (EST) on Friday. The list of Webinar presenters includes Pat […] [Read More]

RALEIGH, N.C. — Chris Leith Performance Car & Truck Division is hosting an event this weekend at the 2010 Raleigh Classic Car Auction where auto enthusiasts can meet legendary former racing driver Steve Saleen, who is the founder and former vice chairman of Saleen Inc. Until 2009, Saleen Inc. manufactured such specialty vehicles as the highly […] [Read More]

CARY, N.C. — Dealers have seen tight wholesale inventory and rising prices for months. How does management ensure the right vehicles are on the lot at the right price? The Pre-Owned Automobile Dealers Alliance is looking to help dealers answer those questions before going to auction. A free Webinar to provide some answers to this question and […] [Read More]

TORRANCE, Calif. — The certified pre-owned segment showed year-over-year gains for the second straight month in April after 13 consecutive months of declining sales, and one automaker, in particular, seems to be moving out of doldrums after some especially challenging issues earlier in 2010. Overall, there were 144,117 certified pre-owned units sold throughout the industry, according […] [Read More]

IRVINE, Calif. — Analysts from Kelley Blue Book believe the effects from generous incentives handed out by several automakers in recent weeks are spilling into the used-vehicle market. An example from the May edition of the Blue Market Report showed how shoppers enticed by new-vehicles incentives are mulling another option. More buyers are considering that for the […] [Read More]

IRVINE, Calif. — Kelley Blue Book rolled out a new Certified Pre-Owned Vehicle Value late last week to its lineup of values as well as a devoted CPO section on Kbb.com. The goal of the CPO Value program is to show shoppers the benefits of buying certified as well as to demonstrate the premium costs involved […] [Read More]

McLEAN, Va. — NADA University has two free upcoming training events for dealers focused on federal health-care reform and inventory marketing. The sessions are available through its monthly mini-Webinar series MarketINSIGHT. Since sweeping health care reform pushed its way through Congress and the White House, NADA officials wanted to keep dealers informed. The Webinar "Federal Health Reform: Changes Aplenty for […] [Read More]