Wholesale

HANOVER, Md. — The National Vehicle Leasing Association said Monday that it has turned to Automotive Association Services for management services. Heading up the project for AAS is Jack Tracey, president of AAS. "We handle other auto-related associations, and NVLA is a good fit," Tracey stated. More specifically, AAS offers management services to such organizations as the […] [Read More]

SANTA MONICA, Calif. — Analyzing used-vehicle prices, Edmunds.com discovered that prices are up across the board by about 2 percent from the previous month. However, the company noted that apparently the prices of used Toyotas impacted by the recalls are down an average of 2.5 percent. Discussing the results, Joe Spina, Edmunds.com analyst, pointed out, "Many […] [Read More]

CARY, N.C. — The Pre-Owned Automobile Dealers Alliance recently announced that registration is now open for a new Webinar series called Pre-Owned LIVE. These new Webinars, which are free and open to all interested dealers, will begin March 23 at 2 p.m. with a timely topic — Sourcing Pre-Owned Vehicles in the Tight Wholesale Market. The free […] [Read More]

MARKHAM, Ontario — Canadian Black Book rolled out its fifth annual Retained Value Awards earlier this week, honoring the 2006 model-year vehicles that maintain their value the strongest. To determine the recipients — which are chosen in 17 segments — Canadian Black Book says it measures actual retained value from MSRP over a four-year time frame. "The winners […] [Read More]

OAKVILLE, Ontario — Recognizing the highest rated facilities in Canada, Ford of Canada recently unveiled the winners of its 2009 Auction Quality Award and 2009 Reconditioning Excellence Award. Taking home the Auction Quality honors were ADESA Calgary and ADESA Moncton, which were the two highest-rated Ford Sponsored Auctions in the Auction Quality Program. Officials explained that […] [Read More]

OTTAWA, Ontario — In light of the reinstatements General Motors announced are occurring in the U.S., the Canadian Automobile Dealers Association is calling for a similar move in its country. More specifically, CADA is calling the automaker's dealership reduction process "flawed" and alleging that General Motors Canada made mistakes in terminating 240 dealers. The group is asking GM […] [Read More]

PARK RIDGE, N.J. — A new online program from Hertz that can help quell some of the used-vehicle purchase trepidation among shoppers by giving them a three-day test drive has been picking up steam as of late, according to the company. Specifically, Rent2Buy is currently offered in 18 states, and that number is likely to be […] [Read More]

FORT MYERS, Fla. — "We're trying to do more with less." That's the motto by which O'Brien Hyundai has thrived, as of late, as the auto environment and a downtrodden economy continue to present challenges, said the store's general manager, Gary Matern. "That's what most manufacturers and businesses are trying to do," he told Auto Remarketing in […] [Read More]

NEW YORK — The National Automobile Dealers Association revealed Tuesday that a speech by Chrysler Group chief executive Sergio Marchionne will kick off the Automotive Forum 2010. The event is sponsored by NADA and IHS Global Insight and hosted by the New York International Auto Show. It also will include more than 25 other top industry executives. […] [Read More]

RICHMOND, Va. — On Tuesday, CarMax unveiled the grand prize winner in its "Tweet Yourself to a New Ride" contest it conducted on popular social networking site Twitter. Winning $25,000 to put toward a used-vehicle purchase from CarMax was Stephanie Beck, who hails from Pensacola, Fla. To participate in the contest — which lasted eight weeks — consumers simply visited […] [Read More]