U.S. used vehicles prices are up thanks to unique market conditions created as a result of the novel coronavirus pandemic, according to Edmunds. In a news release, Edmunds said its data indicates that the average listing price for all used …
The Honda Civic and Ford F-Series have maintained their top spot in the new vehicle sales market — even as these models experienced significant declines in the second quarter and first half of the year, according to DesRosiers Automotive Consultants …
New vehicle prices in the United States jumped two per cent ($749) year-over-year in July, while also decreasing 1.2 per cent ($473) from the previous month, according to the valuation analysts at Kelley Blue Book. They also estimate that the …
As COVID-19 cases continue to climb in the United States, automotive digital marketing platform PureCars released a report meant to provide insight into the current situation for dealers and help get them through the remaining summer period. Jeremy Anspach, Founder …
Jim Hackett, Ford Motor Company’s President and CEO since 2017, is retiring from the company. Chief Operating Officer Jim Farley has been tapped as his successor and will officially take the helm on October 1, according to a company news …
Proposed updates to the Canada Emergency Wage Subsidy (CEWS) program that were reflected in Bill C-20, An Act respecting further COVID-19 measures, received Royal Assent on July 27. Changes include the extension of the program until December 19 — including …
Canadian Black Book (CBB) released data for the week of July 28th showing small week by week gains that may indicate a slow strengthening across the industry. The report noted that the small weekly gains they’ve been tracking will make …
Cars.com Inc., a leading digital automotive marketplace and solutions provider, recently shared a large amount of consumer data and research that they’ve been tracking since the pandemic hit in March, 2020. Based on this data, the company has identified several …
Cox Automotive, which includes brands like Autotrader, Kelley Blue Book, Dealertrack, vAuto and Manheim has a new president. Cox Enterprises announced this week that effective August 3, 2020, Steve Rowley will take on the new role. The announcement was made …
Toyota Research Institute — Advanced Development, Inc. (TRI-AD) announced this week that it will be expanding its operations. Effective January 2021, the company will launch a holding company and two operating companies. Woven CORE, Inc. and Woven Alpha, Inc. will …
Moving forward, Sunridge Automotive is increasing the precautions they take when accepting trades and buy-ins, after a truck the dealership had screened was discovered stolen. The vehicle in question had been re-VINed with a VIN that was not stolen, and …
International Fortune 500 automotive retailer Group 1 Automotive, Inc. reported a 2020 second quarter net income of $30.2 million this week and a second quarter total revenue of $2.1 billion. “Rapid and deep cost cuts, combined with a quicker-than-expected U.S. …
