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]

When the national reading tour that Mazda is sponsoring wraps up Friday at The New York Public Library, attendees at the event will be treated to an appearance from movie star Zac Efron, who will be the celebrity guest reader at the “Read Across America Day” celebration. This will conclude the “NEA’s Read Across America […] [Read More]

It’s likely that used supply is only going to get tougher for dealers this year, but it may not be as challenging as initially projected. The latest Guidelines report issued by NADA Used Car Guide in mid-February forecasts that used supply for 2012 will slide 3 percent year-over-year, a more moderate decrease than the 7-percent […] [Read More]

General Motors revealed this week it has chosen a new leader of global information technology. Tapped for the position is Randy Mott, who the company noted is a a veteran of several corporate chief information officer positions. His appointment to lead GM’s global information technology is effective immediately. [Read More]

With regulatory changes affecting the collections and credit risk industry coming, organizers of the 16th annual National Collections & Credit Risk Conference are gearing up for one of its most relevant sessions ever. This year’s event is scheduled for March 14–16 at the Hyatt Regency New Orleans in New Orleans. Conference attendees can learn best […] [Read More]

Stemming from what its lead analyst said was conservative lending activity, Experian Automotive determined repossession rates and average charge-off amounts all dropped year-over-year as the fourth quarter closed. The overall repo rate slipped 5.8 percent to 0.63 percent, the lowest level of the past two years. Experian indicated the overall rate stood at 0.67 percent […] [Read More]