Wholesale

CHICAGO — As the Internet becomes more of an integral part of the auto research and purchasing processes, online strategies often play a major role in how successful a dealer is in the used-car market. With that in mind, during next week's Digital Dealer Conference and Expo in Orlando, Fla., a pair of FirstLook executives will […] [Read More]

SANTA MONICA, Calif. — TrueCar.com analysts completed a study on Wednesday that made the correlation between new-vehicle sales and major macroeconomic indicators of a strong or weak economy. According to the study, some automakers are more dependent on a strong economy. TrueCar.com determined that General Motors and Chrysler are consistently dependent on a solid economy for strong […] [Read More]

DETROIT — General Motors made a new appointment to its board of directors earlier this week. The automaker added Dr. Cynthia Telles, who has been on the faculty of the University of California, Los Angeles School of Medicine, Department of Psychiatry since 1986 and is currently the director of the UCLA Neuropsychiatric Institute Spanish-Speaking Psychosocial Clinic. […] [Read More]

WASHINGTON, D.C. — A Wyoming used-vehicle dealer convicted of 11 counts of deception-related felonies was sentenced to more than three years of prison and another three years of supervised release, the Justice Department announced this week. Randy Lee (aka Jimmy Lee) was found guilty of five counts of odometer tampering, five counts of securities fraud related […] [Read More]

MIAMI — Apparently, more consumers are looking to escape their leases to take advantage of the strong incentive deals now available in the market, according to LeaseTrader.com. Drivers who entered leases after the credit collapse generally signed up for contracts that didn't include much in the way of incentives or aggressive pricing, officials pointed out. Now […] [Read More]

ATLANTA — After moving up the previous leader of its Canadian business segment earlier this year to a newly created position in America, Manheim recently welcomed a new vice president of operations for Manheim Canada, promoting Brad Hart to the position from his prior post as general manager of Manheim Toronto. Auto Remarketing Canada learned this […] [Read More]

TORONTO, Ontario — Honda Canada has brought in a new president and chief executive officer to take over for Manabu Nishimae, who became operating officer for regional operations, Eastern Europe, the Middle and Near East, and Africa on April 1. Arriving in Canada and taking the president position was Masahiro Takedagawa, whose previous post was as president […] [Read More]

LONDON, Ontario — CarProof announced earlier this week that it has promoted two of its sales team leaders. The company named Shawn Vording director of dealer sales for Western Canada, while taking on the role of regional vice president of dealer sales for Ontario is Chris Alfonso. Vording was most recently a regional sales manager in the […] [Read More]

ORLANDO, Fla. — As the price of gas rises at the pump, in addition to driving up the cost of ownership for operating vehicles, it has also apparently had a negative impact on the resale values and depreciation of certain models, according to the AAA Your Driving Costs Study released Thursday. Apparently, gas prices have jumped by double digits since the last time the […] [Read More]

OAK BROOK, Ill. — vAuto has rolled out enhancements to its Live Market Merchandising Module that are designed to help dealers more effectively manage used inventory processes. These upgrades allow dealers to upload and customize vehicle photographs, produce window stickers and transmit listings to online marketing channels. "The expanded vAuto system provides our customers one central […] [Read More]