TORONTO, Ontario — The Ontario Honda Dealers Association will sponsor a "Free Friday" next month at the 2010 Honda Indy Toronto at Exhibition Place that will give IndyCar racing fans the chance to see open-wheel racing for free while also taking up donations for Make-A-Wish Canada. The Friday session is part of many racing events and other […] [Read More]

McLEAN, Va. — The NADA Used Car Guide reports that auction prices through May experienced minor declines relative to April, and indicators point to this downward trend carrying on through the rest of the year. Jonathan Banks, executive automotive analyst for NADA Used Car Guide, indicated overall prices for 1- to 5-year-old vehicles declined about […] [Read More]

CARY, N.C. — Executives with Auto Remarketing emphasized the next installment in the free Auto Remarketing Training Series touches on a theme relevant to any dealer — how to improve used-vehicle operations. Authorities from a quartet of industry service providers plan to share their knowledge that incorporates technology with modification of true-tested methods. The panel for the free […] [Read More]

SANTA BARBARA, Calif. — Under the belief that gasoline prices will soar above $4 per gallon by 2013, ALG made its 36-month residual value forecasts for two vehicle segments expected to be impacted most. Not surprisingly, those two segments included mid-compacts and premium full-size SUVs. "Gasoline prices are a key driver of resale values at the segment level, […] [Read More]

ARLINGTON, Texas — The National Independent Automobile Dealers Association recently appointed a new chief operating officer as well as a publications editor. Hired to serve in the COO post was Davis DeBrady, replacing J.D. Wilson, who retired. Meanwhile, NIADA has named Michael Harbour as its publications editor, a position that had previously been unfilled. Looking at these […] [Read More]

CERRITOS, Calif. — Two dealer associations and other industry players recently saw the results of their millions of dollars in contributions toward a vast automotive training center. The Southland Motor Car Dealers Association and the Greater Los Angeles New Car Dealers Association each gave $500,000 for construction of the Automotive Partners Building, a facility boasting 10,000 square […] [Read More]

RICHMOND, Va. — Tuesday marked the beginning of CarMax Cares Month, an endeavor where company associates support the communities where they live and work. CarMax indicated that its associates are volunteering in teams throughout June at several nonprofit organizations such as Boys & Girls Clubs, the Ronald McDonald House and the American Cancer Society. Beyond those specific […] [Read More]

TORONTO, Ontario — Though it has been a longtime vehicle-valuation resource for dealers, Canadian Black Book is now reaching out to consumers, as well.  The company recently rolled out a new Web site that boasts of a "Trade-In Value" estimator for consumers and also provides new tools and advice features throughout. In addition to being able to use […] [Read More]

REDWOOD CITY, Calif. — Canadian auction prices showed improvement in April, and it appears the massive drops-off from the winter have stopped, according to the latest OPENLANE Market Index Report. More specifically, auction prices climbed 4 percentage points month-over-month. "Canadian prices showed upward trend in April, ending the month 4 percentage points above March levels," officials […] [Read More]

OTTAWA, Ontario — Toyota Canada is sponsoring a museum exhibit making its debut next month that highlights the country's auto industry history. "In Search of the Canadian Car" is an exhibition that will be featured for the next five years at the Canada Science and Technology Museum in Ottawa. It delves into the nation's achievements in […] [Read More]