Remarketing
Prices of used SUVs, crossovers surge 30% from last year, Edmunds says
4:12 pm U.S. ET | Aug. 20
Some used SUVs and crossover vehicles are selling at retail for 30 percent more than they did last year, in a sign of how high used-vehicle prices remain. But on average, prices of used vehicles retreated again in July from record levels this spring.... Read More » Comments [0] | Recommendations [0]
AdvertisingAuction thief strikes again, this time in Tenn.
2:42 pm U.S. ET | Aug. 20
A thief that uses fake IDs to steal cars from auto auctions has struck again.... Read More »Detroit 3 dominate fleet sales in 1st half
12:01 am U.S. ET | Aug. 9
Vehicles built by the Detroit 3 dominated sales to rental car companies in the first half of the year, according to the Manheim 2010 Used Car Market Report Mid-Year Edition.... Read More »REMARKETING
Auction exec says standards will bring confidence
12:01 am U.S. ET | Aug. 9
Jay Cadigan says auto auctions can't do anything about the industrywide shortage of used cars and trucks, but they can make it easier for dealers to buy vehicles online -- and give them more peace of mind when they do.... Read More »GM adds spiffs for certified used vehicles
12:01 am U.S. ET | Aug. 9
General Motors Co. announced incentives for vehicles sold under its GM Certified used-vehicle program... Read More »For sale, but not repaired
12:01 am U.S. ET | Aug. 9
About 1.4 million used cars and trucks that were recalled but not repaired were for sale in 2009, according to a study by the vehicle history reporting company Carfax Inc.... Read More »- Profits up for ADESA parent
KAR Auction Services Inc., parent company of ADESA Inc., reported an increase in net income for its second quarter. Net earnings for the three months ending June 30 totaled $28.
Aug. 9, 12:01 am U.S. ET - Dollar Thrifty rebuffs Avis takeover bid over uncertainty
Car rental company Dollar Thrifty rejected a takeover bid from Avis Budget Group that trumps one it has already agreed to with rival Hertz Global Holdings Inc.
Aug. 3, 6:48 pm U.S. ET - Used prices drop -- but only a little
After almost steady increases for most of this year, used-vehicle prices in June declined, an indication that prices are beginning to moderate -- albeit on the high side, used-vehicle price experts...
July 26, 12:01 am U.S. ET - Subaru, Mazda enhance certified programs
Two automakers with some of the industry's highest residual values have beefed up their certified used-vehicle programs.
July 12, 12:01 am U.S. ET - Kelley steps up value prediction efforts
Kelley Blue Book, best known for its used-vehicle valuation data, is seeking new business with a revamped vehicle information system that it says increases the accuracy of used-vehicle value...
July 12, 12:01 am U.S. ET - Used-vehicle prices slip for first time in 6 months
After six consecutive months of increases, used-vehicle prices in June declined when compared with the previous month, according to the Manheim Used Vehicle Value Index.
July 8, 4:15 pm U.S. ET - Used-vehicle prices rose in May | June 21
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Sales
AutoNation to bid on ‘multiple' Fiat franchises
10:46 am U.S. ET | Sept. 2
AutoNation Inc. said today it plans to bid on "multiple" Fiat franchises after Chrysler unveiled its plans for the brand to dealers at a meeting in Detroit on Monday. COO Michael Maroone said he was impressed with the presentation. AutoNation intends to seek multiple Fiat franchises, although it hasn't determined how many or where, he said.... Read More »
Dealers
Lincoln future product and branding tops Ford's to-do list
2:53 pm U.S. ET | Sept. 3
Ford plans to further differentiate the Lincoln and Ford division product lineups, while giving the luxury Lincoln brand a “point of view,” company leaders promise. Ford is also planning for fewer Lincoln dealerships in major metro areas.... Read More »
- Tim Allen to be new voice of Chevy starting with Cruze ads
- U.S. auto demand falls to weakest level since February
- Congressman who sponsored dealer exemption may be investigated over fundraising
- Auto loan delinquencies dip; credit terms ease, new report says
- Toyota, Japan brace for post-clunkers hangover
Finance & Insurance
FINANCE & INSURANCE
Sonic tries no-haggle F&I prices
12:01 am U.S. ET | Aug. 25
Sonic Automotive Inc., the nation's second-largest dealership group, will begin a test of no-haggle pricing at finance and insurance offices in two markets on Sept. 1. The pilot is part of the publicly held retailer's effort to make shopping faster and easier for customers, says Jeff Dyke, Sonic's executive vice president. Haggling lengthens the transaction time.... Read More »
Marketing
Ford's Raptor pickup boasts bigger engine, more seats
8:44 am U.S. ET | Sept. 3
Ford dealers begin taking orders today for the 2011 F-150 SVT Raptor pickup, featuring a larger standard engine and more seating capacity. For starters, all 2011 Raptors will come standard with a 6.2-liter V-8, rated at 411 hp and 434 lb-ft of torque. The 6.2-liter engine was an option on the 2010 Raptor, while a 320-hp 5.4-liter V-8 was the base engine.... Read More »
Service & Parts
Kia recalls Souls and Sorentos for fire risk
2:58 pm U.S. ET | Sept. 2
Kia Motors America said today it is recalling about 35,000 2010-11 Souls and Sorentos because faulty wiring harnesses could short and cause a fire. The recall affects about 23,972 2010 Soul compact crossovers equipped with a special lighting system that includes illuminated front speakers in the interior door panel.... Read More »
NADA
As business improves, dealers increase their giving
12:01 am U.S. ET | Aug. 16
Many dealers have scaled back their philanthropy during the recession. An informal survey conducted by Automotive News in July shows that 70 percent of the 132 respondents reduced their donations during the worst of the recession. But the good news is half of that group has restored some or all of that support.... Read More »
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