Late Thursday afternoon, Dealertrack Technologies
announced it has reached a deal to acquire Dealer.com. The companies entered a
definitive agreement, under which Dealertrack would purchase the entire equity
of Dealer.com for about 8.7 million shares of Dealertrack common stock and $620
Leasing rates are at an all-time post-recession
high, approaching 30-percent penetration of all vehicles bought in 2013. This
article speaks to what the industry and dealerships are doing to attract women
Certified pre-owned sales remained consistent with
trends seen throughout this year as the European OEMs once again recorded
increases across the board, and one OEM has already reached above 2012 full-year
As Prime Minister Stephen Harper announced the Canadian government had reached a
free trade agreement with the European Union late last week, many of Canada’s
OEMs and manufacturers were already reacting positively to the move.
There will likely be at least a quarter million
new-car intenders this year who decide at the 11th hour not to buy, according to
estimates from CNW Research, which studied the reasons these shoppers choose
Following analysts' predictions as used supply
continued to tighten this spring and early summer, the updated ADESA Canada Used
Vehicle Price Index powered by ALG showed a slight rise in June after being
adjusted for seasonality.
In April, Ford dominated the list of most-researched used vehicles at KBB.com,
claiming eight of the 25 spots. But in May, however, things were a little more
balanced between the various brands making the list.
For dealers who have parents in their showroom
looking for a used vehicle for that new young driver in the household that’s
safe, reliable and cheap to run, CarInsurance.com created a list of 14 models
that fit the mold.
Fitch Ratings explored the potential ramifications
on used-vehicle values and the impact on recoveries as the auto leasing
origination market soars, reportedly spiking by as much as 248 percent in May
Despite dipping a bit from April, leasing levels
remained at a strong level last month and bested year-ago levels by nearly 10
percent, according to the “Industry Health Report: May 2013 Sales Performance”
from J.D. Power and Associates’ Power Information Network.
The latest report from Metrolinx regarding “The Big
Move” — a long-term Ontario transit and transportation solutions plan — that
poses various increases in transportation taxes has local dealers up in
Among the many Top 10 lists Edmunds.com included in
its first quarterly Used Car Market Report, the website highlighted the leading
used models purchased at franchised dealerships as well as the most-researched
units at its website during Q1.
Black Book highlighted two-year-old vehicles posting
the top retention values. On this list of 18 models, Toyota secured the top
three spots with the 2011 Tacoma Double Cab retaining 88.4 percent of its
original value after two years on the road.
As Candian certified pre-owned sales numbers for
April came rolling in, double-digit sales increases and best-ever months were
shared across the drawing board, with one company notching its best April ever,
and year-to-date sales increases in most every report Auto Remarketing
A North Carolina dealership was the scene of a Pepsi commercial that has been piling up millions of YouTube views and laughs, as viewers have tuned in to see the harried but hilarious reaction of a salesman sitting next to a disguised Jeff Gordon during a test-drive of a Chevrolet Camaro.
The concept of your local Costco as a resource for car-buying in addition to being a market's goods-in-bulk outlet is not a new one. In fact, the Costco Auto Program has been around in one iteration or another for more than two decades.
In the days leading up to the new year, DesRosiers Automotive Consultants looked back at some of its predictions made in early 2012 to gauge which of their claims and expectations manifested in the market.