KAR Auction Services has announced the acquisition of TradeRev, a Canadian company that offers real-time dealer-to-dealer vehicle auctions via a mobile app. The company already had a 50 per cent stake in TradeRev since 2014. They then purchased the remaining …
The average new-car price for light vehicles in the U.S. is now $34,861 — up from 0.4 per cent year-over-year from September 2016, according to Kelley Blue Book. The industry average has increased, but only moderately and as such remains …
September vehicle sales are expected to reach a new high this year thanks to a combination of Labor Day discounts and higher incentives, according to Edmunds. “Labor Day weekend got September auto sales off to a strong start,” said Jessica …
J.D. Ney has been appointed the Country Manager for J.D. Power’s Canadian automotive division, according to a company news release. Ney joined the team in 2011 and was previously the senior manager for J.D. Power’s Canadian Automotive Practice. In this …
Dealer-to-dealer digital mobile auction app TradeRev and Automotive Finance Corporation (AFC) have teamed up to encourage dealers to “go digital” by offering them a special promotion when they sell and source inventory online. Dealers that conduct their business on TradeRev’s …
Auto e-commerce and technology developer Fastlane wants to help dealers to get up and running via its online car-buying platform following the devastating effects of Hurricane Harvey and Irma. Fastlane believes it can help dealers in storm-affected areas like South …
There were a couple of common themes that car dealers repeatedly heard at the annual Western Canadian Dealer Summit held Sept. 23-25 in Banff, Alta. — brace for disruption and embrace digital technology. Speaker after speaker on the jam-packed agenda …
NADA has announced that Waymo CEO John Krafcik — whose company was previously known as the Google self-driving car project — will be one of the keynote speakers at its Las Vegas show in March. NADA offers exceptional educational training …
Ontario set a record for the highest employment of people in the auto retail sector in 2016, thanks in large part to franchised new car dealers. Over 54,300 people were employed at new and used car dealerships, based on research …
Cox Automotive is launching a new audience extension program to help OEM’s and regional associations increase the performance of their social media advertising. The service uses real-time website behavioural data from Autotrader and Kelley Blue Book, two well-known U.S. third-party …
Cadillac Canada has announced that it will break ground on its new Canadian dealership in Calgary, Atla. on Friday. The event is meant to celebrate the carmaker’s first standalone dealer facility in Western Canada, according to the carmaker. It’s also …
Kijiji’s annual DealerTalkX conference focused on solutions and opportunities in an increasingly digital retail industry. The event theme “Dealership of the Future,” set the stage for speakers to deliver more than just a review of the issues they’re being faced …
