The Costco Auto Program announced early this week the top brands requested in the month of October by Costco members. So who came in at No. 1 last month? Costco said that General Motors’ brands overtook both Toyota and Honda, following the commencement of the Costco GM Holiday Sales Event, which started Oct. 1 and runs […] [Read More]

The certified pre-owned business is on track for another record year, and October proved to be a rather hot month for many brands. Here’s a rundown of how a few performed: Starting with Hyundai, the automaker reported its best October ever for CPO sales, moving 8,421 CPO units for a 31.5-percent hike. Through 10 months […] [Read More]

The North American Repossessors Summit (NARS), an industry event hosted by the American Recovery Association (ARA), unveiled its recently redesigned website. The site, which is now live, features new registration and exhibitor forms and other improvements to streamline user convenience during the summit’s registration process, as well as enhances the user’s overall experience with learning […] [Read More]

DealerRater announced the results of its mid-year update to the 2015 DealerRater Consumer Rating Index (CRI) for Auto Manufacturers. At the head of their respective markets, Lexus ranked highest in customer experience in the luxury segment while Hyundai took the top spot in the mass market. Japanese manufacturers Honda and Subaru rounded out the top […] [Read More]

There were 3.16 million used-vehicle sales last month, a figure marginally better than October 2013 levels, according to CNW Research, which said year-to-date numbers through 10 months are essentially static with a year ago. October’s monthly used sales figure beat year-ago numbers by 0.29 percent and fell 16.9 percent from September, a sequential decline not […] [Read More]

Kelley Blue Book senior analyst Alec Gutierrez shared the leasing numbers he thinks might “keep auto executives up at night.” KBB expects the new-car market to originate 3.4 million leases by the time this year concludes. So why would top OEM brass walk the floor about that number? Gutierrez pointed out that the expected figure […] [Read More]

This month is likely to end with nearly 3.2 million used vehicles sold during October, which would beat year-ago figures by 1.3 percent, according to projections in CNW Research’s latest Retail Automotive Summary. CNW’s data includes sales forecasts for franchised and independent dealers as well as private-party numbers. Of those three groups, private-party sales are […] [Read More]

According to a Cars.com blog post, average listing prices of late-model vehicles hit a 2014 low this month, having slid $1,166 since the start of the year. And here’s the kicker: there weren’t even enough qualifying cars to fill the list of Top 10 Biggest Price Increases. “For an example of just how much used-car […] [Read More]

FordDirect announced this week the appointment of Jeff Forrester as the director of purchasing, a new position in the newly created purchasing department at the company. In the new role, Forrester’s responsibilities will include overseeing vendor management and contracts, working with internal teams to achieve cost reductions, quality maintenance, policy compliance and risk mitigation while […] [Read More]

An improving economy and falling gas prices may be pushing interest for more expensive and perhaps less fuel-efficient models, making certain large sport utility vehicles and sporty cars hard for dealers to find. According to AutoTrader.com’s latest installment of vehicle scarcity data provided to Auto Remarketing, popularity of these types of models in the used market […] [Read More]