As the Federal Reserve discovered total consumer borrowing — including auto loans — accelerated by 8 percent in August, Fitch Ratings cautioned that industry enthusiasm should be tempered, as meaningful near-term risk remains as long as the U.S. fiscal cliff remains unresolved. Fitch highlighted that improving consumer confidence, pent-up demand and widespread availability of financing […] [Read More]

Have you ever wondered how a customer feels when they walk into your dealership? For dealers who are curious just how “customer-centric” they really are, Women-Drivers.com revealed an interactive quiz that enables dealers to evaluate just how shopper friendly their store is and where they have room for improvement.   [Read More]

DealerTrack Holdings and RouteOne last Friday announced that they have settled patent infringement litigation that DealerTrack commenced against RouteOne in 2004. Under the terms of the settlement, DealerTrack and RouteOne filed a stipulation of dismissal with Judge Andrew Guilford of the U.S. District Court for the Central District of California by which all claims raised […] [Read More]

Late last week, Hertz Global Holdings announced that it extended the expiration date of its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group for $87.50 per share. Officials indicated the tender offer is now scheduled to expire at 5 p.m. ET on Oct. 22 unless […] [Read More]

Gas prices are nearing $4, but shoppers still remain cautious when it comes to alternative-fuel vehicles. And according to Kbb.com, consumers don’t think the fuel rate spike is over — a worry that is still not causing them to consider alternative-fuel vehicles, site officials explained. [Read More]

Jeep brand officials announced late last week the winners of the nameplate’s recent photography contest.  Recently, Boys & Girls Club members located within a 100-mile radius of seven U.S. cities were challenged by the Jeep brand and Boys & Girls Clubs of America to enter the "Your Jeep Quest" photography contest, “a partnership that rewards […] [Read More]

How has the certified pre-owned market managed to be this strong and reach consecutive years of historic sales? It depends on whom you ask. Among the national CPO managers who shared their thoughts with Auto Remarketing, there were several different reasons cited when they were asked why there has been industry-wide growth in certified sales […] [Read More]

The year’s final installment of the Auto Remarketing Training Series includes fresh sales and inventory recommendations from presenters who will be a part of the free Webinar for the first time. Used-car managers and other dealership staff members can participate in the ARTS Webinar that’s scheduled for 2 p.m. ET on Tuesday. On tap for […] [Read More]

Edmunds.com analysts discovered automaker incentives fell slightly in September as more and more 2013 models have hit the market. According to the site’s True Cost of Incentives, the industry spent $2,227 per vehicle last month, down 3.1 percent from August and down 9.3 percent from September of last year. Analysts indicated the decline ended a […] [Read More]

The Re3 Conference, which focuses on repossession, recovery and remarketing, has expanded into one full day packed with content this year. And with a full day to explore a variety of topics, one key discussion that attendees do not want to miss will take place at 2 p.m. Titled “The Evolution, Revolution and Diversification of […] [Read More]