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Analysis
AutoRemarketing.com’s Top Weekly Stories
Friday, Feb. 26, 2010, 01:57 AM
Auto Remarketing
CARY, N.C. — Leading the way as the top headline this past week at AutoRemarketing.com was a story that shared details about Manheim enhancing a partnership with BMW Group Financial Services. Also catching readers' attention was news about plans for recalled Toyota vehicles to return to the auction lanes. The top five stories from AutoRemarketing.com this […] [Read More]
J.D. Power: Auto Recovery Faces Hurdle, Retail Sales Likely Up 1 Percent
Friday, Feb. 26, 2010, 01:55 AM
Auto Remarketing
WESTLAKE VILLAGE, Calif. — The rebound in auto sales appears to have met a "speed bump" in February stemming from Toyota recalls and winter storms, as new-vehicle retail sales will likely show only a minor year-over-year uptick, according to J.D. Power and Associates. More specifically, J.D. Power is forecasting new-vehicle retail sales of 561,500 vehicles, an […] [Read More]
J.D. Power: Service Volume Decline Likely to Persist
Thursday, Feb. 25, 2010, 01:55 AM
Auto Remarketing
WESTLAKE VILLAGE, Calif. — The challenges that dealers have experienced in their service business due to extremely weak vehicles sales in 2008 and 2009 are likely to stick around for a while. J.D. Power and Associates projects that dealer service volume will continue falling for "several years," eventually hitting a trough in 2013, according to its […] [Read More]
TrueCar: Despite Impact of Recalls, February Auto Sales Show Promise
Thursday, Feb. 25, 2010, 01:54 AM
Auto Remarketing
SANTA MONICA, Calif. — Recalls and chilly weather slowed down the auto sales recovery this month, but given the current climate, TrueCar.com called February's projected growth "encouraging." Specifically, TrueCar expects U.S. light-vehicle sales (including fleet) will reach 752,688 units by the end of the month. This would mark an improvement of more than 9 percent from […] [Read More]
Consumer Reports Honors Best All-Around Models, More
Wednesday, Feb. 24, 2010, 01:58 AM
Auto Remarketing Editor Joe Overby
YONKERS, N.Y. — Consumer Reports discussed its latest Automaker Report Cards on Tuesday, recognizing the manufacturers that make what it considers to be the best all-around vehicles. Sharing this year's top honor are Honda and Subaru. This marked the fourth straight year Honda has claimed the No. 1 spot, as it scored a 77 out of […] [Read More]
Forbes.com Reveals Safest Small Cars
Monday, Feb. 22, 2010, 03:54 AM
Auto Remarketing
NEW YORK — Forbes.com recently named what it considers to be the safest 2010 small cars. The publication's list of seven vehicles was dominated by Asian brands, especially Honda, which had two of its models make the list. Explaining the list in more detail, Forbes.com's Hannah Elliot noted that the publication determined which vehicles made the […] [Read More]
Which Brands Show Loyalty Gains?
Friday, Feb. 19, 2010, 01:59 AM
Auto Remarketing
IRVINE, Calif. — The brands seeing the biggest upswing in owner loyalty during the initial aftermath of the Toyota recalls are Korean and Big 3 automakers, according to Kelley Blue Book's Kbb.com, which also pointed out that brand consideration and loyalty for Toyota has eroded. More specifically, Kia and Hyundai appear to show the steepest upward movement. […] [Read More]
AutoRemarketing.com’s Top Weekly Stories
Friday, Feb. 19, 2010, 01:57 AM
Auto Remarketing
CARY, N.C. — Fueling the greatest story interest this past week on AutoRemarketing.com was news about a federal government probe along with the latest comments from Toyota president Akio Toyoda about the ongoing recalls of several models. Readers also were drawn to analysis about which brands could benefit most from Toyota's struggles. The top five stories […] [Read More]
All Things Automotive Debuts as Franchise Opportunity
Friday, Feb. 19, 2010, 01:56 AM
Auto Remarketing
INDIANAPOLIS — All Things Automotive recently announced its debut as a franchise opportunity for dealers to sell certified vehicles and offer service and parts. This new offering is particularly geared for former Saturn dealers. Essentially, these stores can become one-stop shops for sales, service and parts. "This franchise combines the sale of certified vehicles with aftermarket-competitive services […] [Read More]
Frost & Sullivan: Toyota Recall Impact Could Cost Billions
Thursday, Feb. 18, 2010, 01:55 AM
Auto Remarketing
LONDON — Analysts from automotive research firm Frost & Sullivan projected Toyota's repair costs for ongoing recalls could reach $1.5 billion compounding yet-to-be determined market share losses. Vigneshwaran Chandran, Frost & Sullivan's program manager of its business strategy and innovation group, went on to pinpoint what element of the Toyota turmoil could be most costly. "One […] [Read More]