Even with relatively low sales volumes the average dealership’s net pretax profit margin hit a 24-year high last year — even though the new-vehicle department was in the red for a fifth straight year, according to the National Automobile Dealers …
When selling cars to Canadians, don’t overlook the value of promoting the car’s audio entertainment features. A new study finds that 70% of Canadian drivers say music is the key to a stress-free summer road trip. The study from SiriusXM …
Steve Macaluso joins CarProof’s management team as Director, Corporate Accounts. A well respected auto industry figure, Macaluso brings 14 years of industry experience acquired from within the vehicle remarketing sector. Macaluso previously held executive-level positions at ADESA and Manheim (most …
Every transaction in the wholesale auction industry revolves around one key question: What’s the value of this unit? Last week, Manheim introduced a new feature on OVE.com, its 24/7 bid and buy now wholesale vehicle marketplace, allowing buyers to “make …
Auto retailers that use a third-party loyalty program can achieve significant retention increases of 20 percent and more, according to findings presented in a new white paper from MediaTrac, a U.S.-based marketing technology company. MediaTrac released their free Auto Retailer’s …
Earlier this week, BMW Group Canada announced the appointment of Eduardo Villaverde to the position of president and CEO, effective September 1, 2011. Villaverde replaces Manfred Braunl who has left the BMW Group. Braunl was just named to the post …
A new report forecasts that auto dealers will boost their total advertising spending by 7.2 per cent in 2011 with the biggest boost in online media. The report, “2011 Local Automotive Advertising Outlook” from Borrell Associates predicts an increase from …
The economic recovery may have been slow, but the financial performance of new car and truck dealerships improved in 2010, says Paul Taylor, chief economist of the National Automobile Dealers Association (NADA), in a new report on the state of …
Canadian manufacturing was recognized when J.D. Power and Associates announced the Toyota Motor Manufacturing Canada Inc. Cambridge South, Ontario plant earned the Platinum Plant Quality Award for the highest ranked global automotive manufacturing facility in a tie. This year, 121 …
vAuto and Manheim announced a further integration of their product offerings, bringing more used vehicle and pricing information available to dealerships. Manheim Market Report (MMR) and OVE.com are now integrated within vAuto’s inventory management solution. MMR, a leading indicator of …
smart Canada initiated a cross-Canada tour that will bring the smart fortwo electric drive to every smart Centre across the country. The company says the campaign is designed to offer Canadians an exclusive opportunity to test drive the new smart …
Canadian Satellite Radio Holdings Inc., the parent company of XM Canada, and Sirius Canada Inc., announced this week that the organizations have completed the merger announced in November 2010. Operating as SiriusXM Canada, the newly merged entity will have more …
