Auto Auction Services Corp. (AutoIMS) recently released the results of a survey it conducted about floor pricing, including aggregate findings from more than 325 commercial vehicle consignor responses. Goals of the survey included assessing the preferences held and the challenges faced by the commercial consignor community as it relates to pricing vehicles for auction sale. Survey responses came […] [Read More]

With sales expected to reach above 30 million units this year, Pike Research contends electric bicycles now are the world’s best-selling electric vehicles. Analysts insisted rapidly accelerating urbanization, the increasing need for low-cost transportation in developing markets and expanding opportunities for new market entrants are all helping to drive e-bicycle sales.  Pike’s newest reports also […] [Read More]

With TrueCar.com predicting that the industry will end March with the highest rate of new-car sales in five years, its analysts also noted many foreign OEMs are looking to notch their highest unit sales ever in the U.S. as this month comes to an end. And though inventory remains tight, used sales are enjoying a […] [Read More]

AutoNation recently revealed its board of directors authorized the repurchase of up to an additional $250 million of the company’s common stock.  Prior to the increased authorization, AutoNation determined it had utilized substantially all of the amounts previously authorized by its board of directors under its share repurchase program.  AutoNation tabulated that it has approximately […] [Read More]

With Keven Chartier taking on the role of director of financial services, the new director of remarketing for Nissan Motor Acceptance Corp. will be Kevin Cullum.  Cullum is currently the director of credit services. Chartier’s move from remarketing to financial services and Cullum’s move into remarketing were just some of the changes revealed late last […] [Read More]

As used-car prices and wholesale values continue to rise, dealers may find it even harder to sell a consumer on a used unit that shoppers might be able to find new for a similar price. And with gas prices on the rise and technology constantly moving forward, is it better to buy a new gas […] [Read More]

In a report released late last week that spotted strengthening retail new-vehicle sales trends, Dataium’s January Automotive Shopper Intensity Index pointed to a slightly positive increase in February. After adjusting for the number of selling days, Dataium saw a 5-percent year-over-year increase and a 3-percent rise for total retail sales. Analysts, who believe their index […] [Read More]

Yahoo Autos recently asked its readers to answer this question: What is the most desired used vehicle that’s nearly impossible to find? What the editors learned is their readers have quite varying tastes in style. “Some cars are like certain pop songs: they become hugely popular before fading away,” Yahoo Autos editors surmised. “While there’s […] [Read More]

Chrysler is extending a helping hand to a Detroit revitalization project this Saturday in the form of volunteers and supply donations. The automaker said 150 of its employees will join University of Michigan and Detroit residents at the 13th annual Detroit Partnership Day, where more than 1,700 total volunteers will work together in helping to […] [Read More]

The used-vehicle market is expected to climb more than 5 percent this month and eclipse 2.6 million sales, according to CNW Market Research, which has also found that used transaction prices for franchised dealers are the strongest they’ve been in a year. Overall, CNW is projecting 2.64 million used sales this month, a 5.6-percent rise […] [Read More]