Wholesale

MONTVALE, N.J. — Even in the midst of wintry weather and recalls, the year-over-year CPO decline subsided a bit in February and certified sales actually climbed more than 4 percent from the previous month. Specifically, there were 114,655 CPO sold during February, according to Autodata Corp., marking a 9.9- percent dip from the prior-year period. However, […] [Read More]

TORONTO, Ontario — In response to Jeff Watson, MP for Essex, calling for an investigation into the automaker's recalls, Toyota Canada said late last week that it would be happy to participate in a hearing with the Standing Committee on Transport, Infrastructure and Communities. "As part of our continued efforts to communicate openly and broadly with all […] [Read More]

DEARBORN, Mich. — Ford Credit Canada announced that one of its subsidiaries has moved its vehicle leasing business over to an Ontario limited partnership. Basically, in late February, Canadian Road Holdings transferred its entire leasing business to Canadian Road Leasing Co. Canadian Road Holdings has a 99 percent limited partnership in the leasing partnership. Then, Canadian […] [Read More]

RED DEER, Alberta — Though loan originations and net income were down year-over-year in its most recent quarter, RIFCO saw a drop in delinquency rates for the first time in five quarters and said the company is still on pace to show full-year profitability for the fourth straight time. Specifically, net income for the third quarter ending […] [Read More]

SOUTHFIELD, Mich. — R. L. Polk & Co. rolled out a new Web-based system on Wednesday meant to aid dealers and direct marketing agencies when ordering lists for use in vehicle sales and service campaigns. Company officials hailed Automotive Lists Online as a system that can identify consumers that are most likely to own a particular […] [Read More]

SANTA MONICA, Calif. — Edmunds.com is prepared to give $1 million to whoever can crack the mystery of unintended acceleration in recalled Toyota vehicles. The site announced preliminary plans this week to reward researchers who can accurately address the situation that's confounded automaker executives and government experts alike. Officials are challenging participants to demonstrate in a […] [Read More]

TORONTO, Ontario — The VehicleGateway.com online used-vehicle marketplace for Canada recently made its debut and can help provide dealers and private sellers with an efficient avenue to showcase vehicles for sale and reach out to potential buyers. It also provides consumers with pertinent information needed to make used-car shopping decisions, such as vehicle histories and current conditions of used […] [Read More]

RICHMOND HILL, Ontario — Canada's new-vehicle sales were up more than 6 percent year-over-year in January and it appears that trends from 2009 have continued this year, as the market is gravitating toward trucks and larger vehicles, according to DesRosiers Automotive Consultants. Specifically, new-vehicle sales totaled 81,581 units in January, up 6.2 percent from the 76,850 […] [Read More]

CALGARY, Alberta — Quorum Information Technologies announced this week that its XSELLERATOR dealership and customer management system has gained Chrysler manufacturer integration certification, and the product is now available to Canada's Chrysler, Dodge and Jeep dealers. As part of Chrysler's certification, there is approval of a full suite of integration between XSELLERATOR and Chrysler systems for […] [Read More]

ANKENY, Iowa — General Motors honored its best-selling GM Certified Used Vehicles dealers on Thursday, and receiving this distinction for the fourth straight year was Karl Chevrolet in Ankeny, Iowa. The store sold 1,418 CPO units last year, which topped more than 3,433 GM certified dealerships in the U.S.  "I truly believe in the strength of […] [Read More]