January 2013

NADA UCG: Economic Factors Contributing to ‘Plateau’ In the Auction Lanes

RSS feed
Thu, 01/31/2013 - 03:00 | McLEAN, Va.
By Auto Remarketing Staff

A variety of social and economic factors seem to be affecting the wholesale market, says NADA Used Car Guide, including dropping consumer confidence and Social Security tax increases. 

NADA UCG reported these factors are contributing to the current “plateau” in the lanes.

Over the course of the current week, NADA expects used prices across all segments to remain flat as AuctionNet wholesale prices are expected to remain essentially unchanged compared to their two-week averages.


Age 16 Meant License and Job at a Store for TIME Dealer of the Year Award Nominees

RSS feed
Thu, 01/31/2013 - 02:59 | ORLANDO, Fla.
By Auto Remarketing Staff

About the time many of these TIME Dealer of the Year Award nominees received a driver’s license at age 16, they were at a dealership working, too.

In the next group of profiles, these store executives all share what’s important to them — in and out of the showroom.

The awards program, which is produced in cooperation with the National Automobile Dealers Association and sponsored by Ally Financial, aims to recognize the nation’s most successful auto dealers who also demonstrate a long-standing commitment to community service.


Carvana Launches 100 Percent Online Used-Car Retailer in Atlanta

RSS feed
Thu, 01/31/2013 - 02:58 | ATLANTA
By Auto Remarketing Staff

With technology advancing and new programs and offerings being launched daily in the mobile and digital world, it is hard to find something you can’t do online these days. Customers can ever browse, finance and buy a car entirely online.

Carvana, backed by DriveTime, has launched a completely online car retailer in Atlanta, touting what it calls a convenient car buying process as well as next-day delivery.

With a focus on mid-market and luxury vehicles, Carvana will launch its services in the Atlanta metropolitan area.


Top 15 Brands for the Female Shopper's Purchasing & Browsing Experience at the Dealership

RSS feed
Thu, 01/31/2013 - 02:57 | PITTSBURGH
By Auto Remarketing Staff

Mercedes-Benz has once again swept the top spots in the annual report from Women-Drivers.com that highlights what women consider the top car brands.

The luxury carmaker’s dealers were not only lauded as the best for the female shopper’s purchasing experience, they also claimed top honors for the browsing experience, as well.

But Mercedes-Benz wasn’t the only automaker whose dealers earned kudos from Women-Drivers.com; several other brands got high praise from female shoppers, including two that cracked the top five for both lists.


Toyota Recalling More Than 1 Million Units in Two Separate Campaigns

RSS feed
Thu, 01/31/2013 - 02:56 | TORRANCE, Calif.
By Auto Remarketing Staff
Lexus IS

Toyota Motor Sales USA said Wednesday that it will conduct two separate safety recalls involving approximately 752,000 Corolla and Corolla Matrix vehicles and approximately 270,000 Lexus IS vehicles.

The automaker explained the airbag control module for the supplemental restraint system in the Corolla and Corolla Matrix vehicles from the 2003 and 2004 model-years could have been manufactured with application-specific integrated circuits that are susceptible to internal shorting. 


Manheim Sets Spanish-Language Auctions

RSS feed
Thu, 01/31/2013 - 02:55 | ATLANTA
By Auto Remarketing Staff

Manheim customers have spoken, and the company is listening.

Manheim California has announced its first-ever Manheim en Español auction, set for this Friday. The auction said the event is aimed at meeting the needs of its growing Spanish-speaking dealer base.   

Designed in collaboration with Spanish-speaking dealer customers in Southern California, the sales will be held weekly and conducted exclusively in Spanish, the company said.


More News