Amid what ALG Canada has found to be country’s “most turbulent economic times in recent history,” Canadian wages have actually remained strong. And this is helping residual vehicle values. In fact, the firm says the current lift in wages has positively impacted 48-month residual values in Canada by 0.2 percent. [Read More]

Strong incentives have helped lift Korean automakers over Toyota on Dataium’s monthly Automotive Shopper Intensity index, breaking the Camry’s winning ASI streak. Released on Wednesday, the Dataium index shows that strong incentives and marketing campaigns promoting fuel efficiency helped Hyundai’s Sonata and Elantra claim the top two spots in the index to rank highest in […] [Read More]

Although most new-vehicle buyers remain in the same size segment as their old ride, more than a quarter are downsizing these days. And often they get just as much enjoyment out of their economized rides, says J.D. Power and Associates. These findings were part of the firm’s 2012 U.S. Automotive Performance, Execution and Layout Study, […] [Read More]

In remarks during a celebratory presentation earlier this week for the opening of a Hendrick Automotive Group dealership in North Carolina, it was emphasized that success for a dealer isn’t just about selling a car. It’s about keeping a customer for the long haul. And this sentiment was among the attributes Rick Hendrick honed in […] [Read More]

Expect to see more hybrids cruising around the world’s highways in the next few years. According to market research report distributor ReportStack.com, the global hybrid car market is expected to grow at a rate of 18.92 percent in the next three years. The cause for potential double-digit growth: increasing global oil consumption, the Global Hybrid […] [Read More]

Digital Recognition Network surpassed an industry milestone this week with one of its service partners — nationwide repossession and skip-tracing firm American Recovery Service. The companies joined forces to exceed 25,000 recoveries; a figure officials said was enabled by DRN’s LPR2.0 platform for some of the nation’s leading automotive finance companies that utilize ARS’ comprehensive […] [Read More]

Finding enough supply. It’s a challenge that has been spotted on almost every level of the certified pre-owned business. And it’s causing dealers to change the way they look for CPO-worthy cars. In discussing the CPO market, Hendrick Automotive Group chairman Rick Hendrick told Auto Remarketing on Monday that dealers are oftenturning to the existing […] [Read More]

If the results of AutoMD.com’s latest survey are any indication, gone are the days when consumers held onto a car for a couple of years before succumbing to the new-vehicle itch once again. It seems shoppers are holding on to their rides longer and longer, as the average age of a vehicle on the road […] [Read More]

Following second-quarter growth of 1.4 percent, used-vehicle sales will likely show similar improvement in July, according to CNW Research. Based on the first 20 days of the month, the firm is projecting 4.54 million used sales for July, which would be a 1-percent hike from the used sales of July 2011 that narrowly missed the […] [Read More]

Today’s dealer is often a business-savvy one, says CorePointe Insurance Co. president and chief executive officer Jim Haan. And that sophisticated approach includes how they protect their businesses, property and inventory from whatever harm may come their way. The leader of what was formerly known as Chrysler Insurance Co. shared with Auto Remarketing his thoughts […] [Read More]