One hundred cars in 100 days, all for nonprofits — that’s the goal of Toyota’s 100 Cars for Good program, a nationwide philanthropic effort that allows the public to vote for the winning charity. On Tuesday, Toyota announced the second group of 25 winners in the program, noting that the majority of them provide services […] [Read More]

Kelley Blue Book’s Kbb.com has rolled out its list of Top 10 Best Sedans Under $25,000, and topping the list is  the 2012 Volkswagen Passat, with a starting price of $20,765. Mazda’s 2012 MAZDA3 model placed second in the rankings, and the 2012 Honda Civic took third. Kbb.com officials noted that the sedan segment for […] [Read More]

As Manheim’s Tom Webb prepared his presentation for his quarterly conference call to discuss the wholesale market, he chose not to include a slide showing repossession volume trends since he needed only three words to sum up the situation. When asked by Auto Remarketing about what repossession volume is like in the lanes, Webb replied […] [Read More]

Dealers who have potential buyers with subprime credit standings might have a better chance of getting them financed if FICO’s quarterly survey of bank risk professionals is any indication. More than 50 percent of respondents expected the auto sector to see the largest increase in subprime borrowing this year. The survey indicated 38 percent of […] [Read More]

As a seasonal interest in luxury and performance vehicles takes off, it may be hard for consumers to find certain popular models. In fact, dealers who are lucky enough to have BMW M Series units on their lots may not have them for long. [Read More]

In the final piece of the Used-Car Market Intelligence Report series, Auto Remarketing turns to the dealership lot to look at the used-car sales environment in the first half of 2012. We also take a peek in the auction lanes to show what dealers had to shell out to secure the used cars their customers […] [Read More]

On the heels of positive developments in connection with June’s new-car sales totals, the newest Ad-ology Auto Shoppers Forecast showed 36 percent of U.S. consumers plan to purchase a new vehicle during the next 12 months. Analysts contend that reading is a 64-percent increase from May of last year. “Stability in the U.S. economy is […] [Read More]

Recovery Database Network recently announced the launch of two-factor authentication for users of RDN’s specialized software platform linking auto lending institutions with recovery companies. Although RDN’s current login system requires an ID, password and separate security code, officials explained that adding two-factor authentication provides a substantial increase in user account security for both auto lenders […] [Read More]

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]