Though auto dealers reported varying sales results from region to region during the early part of 2012, one thing seems fairly clear: the prospects for the future looks bright. In fact, the Federal Reserve noticed widespread optimism among dealers in its latest Beige Book report “All districts reporting on sales outlooks conveyed optimism,” the Fed […] [Read More]

Manheim revealed this week it has completed its its planned purchase of Dealer Services Corp., which the company said  “reinforces its commitment to provide inventory financing to independent dealers.”  DSC, based in Carmel, Ind., is a used vehicle floor plan company for independent dealers that “complements Manheim’s current lending products provided through Manheim Financial Services,” […] [Read More]

The positive momentum being built in the auto industry doesn’t appear like it will end anytime soon, according to a recent study from Forbes Insight, which indicates the segment of the car business that will likely see particularly good fortunes is the luxury sector. And the luxury brands that are currently the kings of the […] [Read More]

As the 2012 Auto Remarketing Canada conference presented by CarProof is set to get underway next month, the event’s organizers announced new workshops and speakers this week in anticipation of Canada’s top used-car and remarketing event. Added to the lineup are two sessions for the Regulatory/Compliance/F&I track of the conference, both of which will shed […] [Read More]

Not long after taking home Deloitte’s 2011 Technology Fast 500 and Fast 50 Awards, CarProof Vehicle History Reports added another top Canadian business award to its trophy case. The company said late last month it was named one of the 2011 winners in the Canada’s 50 Best Managed Companies program. [Read More]

The latest spike in fuel costs appears to be having a major impact on the preferences of both certified pre-owned and non-CPO late-model used-vehicle shoppers, prompting many of these consumers to gravitate toward used cars that are a bit easier on the wallet at the gas pump. In fact, recent analysis from AutoTrader.com indicates that […] [Read More]

Kelley Blue Book revealed Wednesday a list that might help bring some families out to dealers’ lots — 10 Best Family Cars. In unveiling the list, the company noted that since “all families are not created alike, so it stands to reason that all family cars shouldn’t be alike either.” On this annual list, the […] [Read More]

Fiat recently revealed it will be expanding into Russia, first pushing Jeep vehicles into the eastern country. The OEM signed a letter of intent with Sberbank in relation to a new project for the production and distribution of passenger and commercial vehicles in Russia, officials explained. And the Russian bank plans to finance the project […] [Read More]

Touting the widespread gains in used-vehicle reliability, Consumer Reports has come out in its latest Annual Auto issue with a message that will likely be welcome news to the used-car business. The publication is saying that buying a used car is becoming “less risky,” and backs that up with its findings that nearly every carmaker […] [Read More]

Online wholesale vehicle marketplace OVE.com recently revealed that as it gained more independent auction partners over the past year, dealer sales rose by more than 100 percent, as well. And 2012 is also off to a strong start, according to officials. In 2011, independent auction partners grew their sales by nearly 25 percent on the site, while […] [Read More]