Though Hurricane Sandy has reduced the expected SAAR for new-vehicle sales, according to  NADA Used Car Guide’s latest Guidelines report, consumer demand for new rides continued to grow last month. In fact, total light vehicles sales in October increased by 7 percent on an annual basis to reach 1.09 million units. “This brought the year-to-date […] [Read More]

Used-car pricing trends, residual values, the salvage auction market, consignment activity. Government regulation and compliance, emerging technologies, the forwarding model, collections and skip-tracing. These are just some of the topics of discussion on tap for Day 3 of Used Car Week as both the National Remarketing Conference and Re3 event kick off. With NRC and […] [Read More]

After revealing earlier this week that Kia Motor Co. and Scion have both partnered with Cars.com to promote their certified pre‐owned vehicles, the site revealed the results of a study that shows CPO vehicles continue to gain interest among car shoppers. The study results — taken from a survey of nearly 900 online car shoppers […] [Read More]

Verification is more important than skip-tracing. Yes I said it, and I know that many of you may be shocked to discover that I could actually hold anything in higher regard than my much-esteemed art of skip-tracing. But let’s take a broader view of the landscape — many, many miles of landscape. An average nationwide […] [Read More]

For the first time in the 64-year history of the award, a vehicle not powered by an internal combustion engine has been selected as the Motor Trend Car of the Year. This year’s winner is the 2013 Tesla Model S. Publication officials said the decision came after a diverse group of 25 contenders (45 with […] [Read More]

Never has there been a quarter as strong for the certified pre-owned market as the most recent one. CPO sales are on track to reach a best-ever year for the second straight time, a feat that could be realized well before December is done. It certainly appears that the certified market is at its best […] [Read More]

While data from Equifax showed the total amount of debt consumers absorbed in the third quarter dipped year-over-year, borrowing to make a vehicle purchase gained steam during the time span. Equifax indicated that across the country, auto bank and auto finance debt rose 7.1 percent during the third quarter compared with the same year ago. […] [Read More]

With the deadline approaching at the end of the week to consummate the previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group, Hertz Global Holdings reportedly is making moves to gain federal approval. A Bloomberg report on Monday indicated Hertz agreed to sell more airport locations, […] [Read More]

Used Car Week officially begins today, getting the series of conferences rolling with the CPO Forum. Kicking off the action at 2 p.m. today are back-to-back series of concurrent workshops, which will dive into topics like online reputation, CPO price premiums, used-vehicle stocking strategies, maximizing auto shopper click data, third-party CPO programs, online trade acquisition […] [Read More]

What dealers have known as DealerTrack Holdings not only reported its third-quarter financial results last week, but the company also changed its name. Going forward, the company is now known as Dealertrack Technologies. As far as its third-quarter performance for the span that ended Sept. 30, the company first reported its GAAP results, which included: […] [Read More]