The certified pre-owned market closed the opening half of 2012 with the second strongest month of all time for CPO sales, according to Autodata Corp. Not to mention, June capped what was the second-strongest quarter on record, as quarterly CPO sales reached 462,116 units for a 3-percent year-over-year gain, the firm said Thursday afternoon. [Read More]

As AutoNation announced that June’s new-vehicle sales soared for the retailer by double digits year-over-year, the American International Automobile Dealers Association reported this past month’s SAAR pushed past 14 million. Driving higher than expected this June, the seasonally adjusted annual rate came in at 14.08 million units — up from 11.56 million a year ago […] [Read More]

In what is described as a “hot” used-vehicle market, Canadian residual values have been on the upswing the past few years, thanks in part to what happened in the leasing and fleet sales markets, according to a DesRosiers Automotive Consultants analysis. Examining data from Canadian Black Book, DAC pointed out that the residuals of three-year-old […] [Read More]

While hurdles are still on the horizon, the used-vehicle industry began 2012 with some very encouraging signs for dealers, automakers, remarketers, auctions and others in the business. Given this environment, Auto Remarketing took a deep dive into these used-car opportunities and challenges from the first half of 2012 in a special “Used-Car Market Intelligence Report." […] [Read More]

Audi defends its Le Mans 24 Hours endurance title this past June, winning for the second consecutive year. Mercedes AMG Petronas prepares for the Silverstone British Grand Prix. As OEMs continue to sponsor and participate in motorsports, it seems this extra limelight is paying off on dealer lots. According to Foresight Reasearch’ 2012 Automotive Marketing […] [Read More]

One million electric vehicles on American roads by 2015 — that’s the goal of the Obama administration. But will America reach it? Despite ramped-up production of plug-in electric vehicles — or PEVs — by U.S. and Japanese automakers over the past two years, it seems the challenge is larger than automakers or policymakers foresaw when […] [Read More]

As incentives remained relatively flat in June, possibly seeing slight declines, some OEMs notched their highest average transaction prices for the second consecutive month.  Both Toyota and Honda recorded unusually high transaction rates for this past month. According to TrueCar.com, Toyota enjoyed an 8 percent year-over-year rise and a 0.4-percent rise from May of this […] [Read More]

The Skip-Tracers National Certification Program, rolled out earlier this year by veteran Alex Price, has been named one of the top training programs in the country by an industry website. Officials from PINow.com tapped Price’s program as one of the top 25 available nationwide. Price took nearly 30 years of industry experience and created an […] [Read More]

Recovery Database Network’s May Analytics Update showed both recovery volume and orders increased month-over-month. Analysts indicated May recovery volumes increased 2 percentage points from April as the index reading moved up to 51 from 49. They added May recovery orders increased 3 percentage points from the previous month, pushing the index figure up to 56 […] [Read More]

Automotive retail is a competitive business. Competition thrives between dealers, brands, suppliers, and manufacturers — driving us all to do better. As any dealer will tell you, to succeed in this industry you must have a competitive edge — and enjoy going head to head with your rivals. Competition undoubtedly makes us a healthier, sharper […] [Read More]