Prompted by a tough economy, consideration for certified pre-owned vehicles among new-car shoppers has widened, according to AutoTrader.com, which said this growth has helped drive record sales in the CPO market. Specifically, 60 percent of new-vehicle shoppers claim their willingness to consider CPO vehicles has gone up because of the economy, according to  end-of-2011 research […] [Read More]

Jumpstart Automotive Group unveiled a marketing insights book on Wednesday that it contends can help in automakers’ campaigns to better reach and influence car shoppers. The Jumpstart Automotive Insights Book 2010-2011 aims to accomplish this through the comprehensive two-year analysis in the publication that examines car-shopper trends and auto marketing data. [Read More]

Registration for the 2012 Auto Remarketing Canada conference presented by CarProof has reached an all-time high, conference organizers announced today. As of this morning, there are nearly 450 registered attendees for this year’s conference, which is being held Monday through Wednesday at The Fairmont Royal York in Toronto. But it’s not too late for those […] [Read More]

Several brands posted all-time records for certified pre-owned sales in Canada last month, as March proved to be rather fruitful for most automakers reporting CPO sales to Auto Remarketing Canada. Over at Honda Canada, for instance, both its Acura and Honda brands enjoyed their best months of all time for certified sales. The flagship brand […] [Read More]

With more lower-credit buyers in the market, greater access to 72-month financing terms and a decrease in the market share commanded by luxury buyers, the industry’s lease penetration rate slowed down slightly in March, according to J.D. Power and Associates senior director Thomas King. That said, the leasing rate (which came in at 19.7 percent) […] [Read More]

In discussing how car dealers are faring in each of its 12 districts, the Federal Reserve painted a picture of an auto market that appears, for the most part, to be relatively healthy. In the Fed’s latest Beige Book report, gains were noted on both the retail and manufacturing sides of the car business. Dealers […] [Read More]

Earlier this week, Mercedes-Benz USA and its dealer body pledged to give $1.3 million this year to fund coaches for a charitable organization that aids projects using sports for the betterment of youth. The company’s gift to the Laureus Sport for Good Foundation, USA, will help the organization prepare and set up 250 coaches to […] [Read More]

Because of so much interest in a new open-source, freeware version of its IBEAM Web portal coming to the agent and lender community, Consolidated Asset Recovery Systems is planning a free Webinar to explain the product. CARS management will conduct an hour-long session beginning at 3:30 p.m. ET today. The company highlighted this new version […] [Read More]

Used-vehicle values have soared recently, even to the point where for some one- and two-year-old vehicles, a new car presents a better deal. But despite the escalation in used prices, Kelley Blue Book contends that there are still some used vehicles out there that are still in a relatively manageable price range. As such, KBB […] [Read More]

Auto Remarketing learned that Ally Financial is announcing today it will be partnering with a Denver Area dealer to make a contribution to the Boy Scouts of America Denver Area Council. The company will be making a $10,000 contribution to the organization in the name of Mike Shaw — recently named 2012 national Time Dealer of the Year.  […] [Read More]