Used Car Manager News
NAAA: 2009 Auction Volumes Down More than 14 Percent
-- March 11, 2010
FREDERICK, Md. — The National Auto Auction Association's 13th annual survey determined that sales of used vehicles totaled 8.9 million units worth ... [ Full Story ]
Utah Chrysler Dealers Reinstated via Arbitration Can Sue for Damages
-- March 11, 2010
SALT LAKE CITY — Rejected Chrysler dealers in Utah are one step closer to reclaiming their franchise rights and perhaps recouping some losses after the ... [ Full Story ]
Dealer Specialties Introduces New Mobile Lead Marketing Tool
-- March 11, 2010
CINCINNATI — Dealer Specialties recently launched Mobile Marketing Solutions, a Web site and text messaging lead generator for dealers that can be ... [ Full Story ]
Chevy Kicks Off Program to Help Illinois Charities with Vehicles, Manpower
-- March 11, 2010
CHICAGO — A trio of Chevrolet dealerships already have participated in a philanthropic program the brand is spearheading in Illinois. The program is aimed at connecting Chevrolet vehicles and volunteer manpower with charitable organizations through what's being called ... [ Full Story ]
Hyundai Dealer Thrives in Tough Market with Solid CPO Sales, Tight Inventory Control, Strong ROI
-- March 10, 2010
FORT MYERS, Fla. — "We're trying to do more with less." That's the motto by which O'Brien Hyundai has thrived, as of late, as the auto environment ... [ Full Story ]
Chrysler's Marchionne to Keynote Upcoming NADA Forum
-- March 10, 2010
NEW YORK — The National Automobile Dealers Association revealed Tuesday that a speech by Chrysler Group chief executive Sergio Marchionne will ... [ Full Story ]
CarMax Announces Twitter Contest Winner
-- March 10, 2010
RICHMOND, Va. — On Tuesday, CarMax unveiled the grand prize winner in its "Tweet Yourself to a New Ride" contest it conducted on popular social networking site Twitter. Winning $25,000 to put toward a used-vehicle purchase from CarMax was ... [ Full Story ]
CPO Sales Face Numerous Challenges, but Up from Soft January
-- March 09, 2010
MONTVALE, N.J. — Even in the midst of wintry weather and recalls, the year-over-year CPO decline subsided a bit in February and certified sales actually ... [ Full Story ]
Black Book: Strong Wholesale Trends Likely to Continue
-- March 09, 2010
GAINESVILLE, Ga. — Used-vehicle value retention is usually strong at the beginning of the year, but February showed better-than-expected trends and March appears to be ... [ Full Story ]
More than 600 GM Dealers to be Reinstated
-- March 08, 2010
DETROIT — The rebirth of hundreds of soon-to-be-eliminated General Motors dealers took an enormous step forward late last week when the automaker announced it would send ... [ Full Story ]
Webb: Wholesale Prices Show Double-Digit Gains
-- March 08, 2010
ATLANTA — Even after the usual seasonal gains were considered, wholesale prices showed a strong year-over-year upswing during February, according to Manheim's Tom Webb. There were value increases across the board, particularly among ... [ Full Story ]
KBB: February Prices Rise; Toyota Values Stabilize After Dip
-- March 08, 2010
IRVINE, Calif. — Along with a significant discussion about how Toyota recalls affected the market, Kelley Blue Book shared details about the depth of strengthening wholesale vehicle values throughout ... [ Full Story ]
AmeriCredit Names Best Auction of the Year
-- March 05, 2010
FORT WORTH, Texas — On Thursday, AmeriCredit Corp. identified its top auction partner as a part of its nationwide Auction of Excellence program. Taking home the top award this year is ... [ Full Story ]
ServNet Auctions Continue Winning Tradition
-- March 05, 2010
FRANKLIN, Tenn. — Two ServNet auctions have been singled out as leaders for national consignors in recent awards programs. At recent award presentations ... [ Full Story ]
LeasePlan Announces Top Auction Partners
-- March 05, 2010
ALPHARETTA, Ga. — LeasePlan USA honored its top performing auction partners of 2009 on Thursday at the Conference of Automotive Remarketers Consignor Recognition Awards ceremony. Earning the ... [ Full Story ]
Latest Pulse Report from ADESA Now Available
-- March 04, 2010
LAS VEGAS — In the latest issue of Pulse, which has been released in conjunction with the National Auto Auction Association/CAR Conference, ADESA Analytical Services offers a review of macro- and microeconomic indicators that are impacting the remarketing industry. The new edition offers ... [ Full Story ]
Charleston Auto Auction Takes Top Honors
-- March 04, 2010
MONCKS CORNER, S.C. — Charleston Auto Auction announced it has received the 2009 National Auction of the Year Award from ... [ Full Story ]
Experian Automotive Expands Service Offering with Manheim
-- March 04, 2010
SCHAUMBURG, Ill. — Experian Automotive announced that it has enhanced its vehicle data service offerings with Manheim. In addition to providing auction data to Experian's AutoCheck reporting service, a free ... [ Full Story ]
Fed Reports on Sales Climates for Dealers Across U.S.
-- March 04, 2010
WASHINGTON, D.C. — Vehicle sales throughout the 12 Federal Reserve Districts, for the most part, have remained static or softened recently, and dealers in some districts reported that ... [ Full Story ]
GM's Lutz to Retire in May; Automaker Names New Communications VP
-- March 04, 2010
DETROIT — General Motors said Wednesday afternoon that vice chairman Bob Lutz is retiring May 1. In his 47-year career, he served in senior leadership roles with ... [ Full Story ]