Perhaps used-vehicle shoppers watched movies such as "Gone in 60 Seconds" or "Legally Blonde" last month and saw a Porsche playing a prominent role — because something triggered quite a spike in consumer activity on NADAguides.com for the sports-car brand. Interest in Porsches soared 31 percent year-over-year in August, 10 percent more than fellow European […] [Read More]

The larger certified pre-owned vehicles remained scarce this past month as dealers began wrapping up the summer seasons. The rides that were the hardest to find in August were the CPO SUVs, particularly larger SUVs from Toyota and Chevrolet, according to the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing […] [Read More]

NADA Used Car Guide probably knows dealers are looking down the lanes or staring at their tablet screens and asking, “Am I really using this much of my floor plan for this 6-year-old car?” The reason analysts can picture this scenario is because they expect prices for 4- to 10-year-old units to be 0.5 percent higher […] [Read More]

The “brisk” used-car sales at dealer lots this year are ahead of an “already healthy 2012,” according to a presentation from ADESA’s Tom Kontos. And based on the findings the Federal Reserve’s Beige Book report, things could be getting even better. Kontos — the executive vice president and chief economist for ADESA Analytical Services — […] [Read More]

Many new- and used-car shoppers hit the lots with a specific car in mind. But according to the J.D. Power 2013 New AutoShopper Study released this week, more than half of the younger — Generation Y —  buyers who began their search on the Internet for a new car may be open to consider any […] [Read More]

One of the presenters coming to this year’s Re3 Conference, MBSi Capital, recently unveiled two new features incorporated into Repo Ninja, a mobile application for the repossession industry. Officials highlighted the two new powerful features include the addition of a full-featured condition report to the app’s tablet version and a full-featured asset recovery form to […] [Read More]

Dealertrack Technologies unveiled a new tool this morning meant to assist dealerships in developing a fair lending policy and better defend themselves in credit discrimination audits. The company introduced an Equal Credit Opportunity Act Model Fair Lending Compliance Policy Template and Model Exception Rate Justification Sheet for Dealertrack compliance subscribers. Company officials recapped that earlier […] [Read More]

While searching the lots for a new ride, what are the most important factors behind a purchase, and which models will draw the most eyes. Late last week experts worked to try and answer both these questions. First up, NADAguides.com revealed survey results that rank consumer preferences for new vehicles. Overall, both car and light-truck […] [Read More]

Autodata Corp. determined the new-vehicle SAAR in August came in at 16.09 million units, marking the first time it climbed to that level since October 2007. Since a top executive at General Motors insisted the high SAAR level is “here to stay,” Auto Remarketing questioned industry analysts to find out what kind of impact that […] [Read More]

NADA University, the education and training arm of the National Automobile Dealers Association, revealed Thursday its new NADA-ATD (American Truck Dealers) Academy director.  Chosen for the position is Allen Phibbs, who began his new duties Aug. 30. Phibbs replaces James Schoonover, who has been promoted to senior director of dealership operations for NADA. Phibbs brings […] [Read More]