When the CPO Forum gets rolling later this fall, not only will the industry’s leading certified pre-owned event feature some of the top automakers in the business, the conference will include reputation management and advertising strategies specifically tailored to the CPO market. For example, on the first day of the CPO Forum — which is […] [Read More]

On Monday, Kelley Blue Book shared the 25 most-researched used vehicles on its site over the last 30 days, and topping the list was the Honda Civic. In fact, Honda claimed the top two spots, as the Accord came in second. However, dominating the list was Ford, which led all OEMs with eight models making […] [Read More]

The next few years will likely see a modest uptick in used-vehicle depreciation rates, but thanks to factors like low supplies of late-model units — among other reasons — the projected rate is expected to be slower compared to the more dramatic depreciation witnessed in years past. That’s the word from NADA Used Car Guide, […] [Read More]

While Tropical Storm Isaac doesn’t appear to be packing the same vicious punch Hurricane Katrina did seven years ago, there are concerns about what the storm on the verge of hurricane strength might do to gas prices nationwide and vehicle sales along the Gulf Coast and beyond. Alec Gutierrez, senior market analyst of automotive insights […] [Read More]

Recent stress tests conducted by Fitch Ratings determined the majority of AAAsf rated U.S. prime auto loan ABS outstanding classes of notes are comfortably able to withstand a hypothetical recession and material declines in used-vehicle recovery rates. Under the moderate scenario, Fitch expects all AAAsf rated notes to likely remain rated investment grade with nearly […] [Read More]

The National Automobile Dealers Association is hosting a free Webinar this week to explain the tax implications of tangibles regulations, a rule that came on the books last year. The 90-minute session — which is set to include several experienced certified public accountants — is scheduled to begin at 1 p.m. ET on Wednesday. NADA […] [Read More]

After years of a back-and-forth saga involving three companies, a move has officially been made. Hertz Global Holdings and Dollar Thrifty Automotive Group announced Sunday that the two companies have entered a definitive merger agreement. Under this deal,  Hertz would purchase Dollar Thrifty for $87.50 per share in cash, translating into a purchase worth a […] [Read More]

A new report released by Maritz Research recently claims that four in 10 customers are not even test driving their cars before purchasing. This is an astounding number of consumers, even if half of them didn’t tell the truth. This phenomenon of customers bypassing the test drive can actually cause a backlash of issues for […] [Read More]

Gas prices are rising, but this time around, shoppers don’t seem very worried. According to Dataium’s July Automotive Shopper Index report, despite fuel rate spikes, interest in trucks continues to gain ground. And the Chevrolet Silverado led the pack, ranking highest in ASI for new vehicles: a first for the domestic OEM. [Read More]

A possible leveraged buyout could be in the financial future of KAR Auction Services. Two people familiar with the matter told Reuters this week that KAR has held exploratory talks with private equity firms about such a potential move. The sources indicated the deal could exceed $4 billion. In a message to Auto Remarketing on […] [Read More]