Building upon the strengthening performance of 2011 new-vehicle sales in the U.S. and elsewhere, Polk on Tuesday predicted that this year’s worldwide new-vehicle sales should rise 6.7 percent. That estimated jump would push worldwide volume to 77.7 million vehicles. Polk analysts believe the global economy will weather the current European sovereign debt crisis, and consumers […] [Read More]

This is Cherokee Automotive Group’s last e-newsletter of the year. We are going dark for the holidays to have time to celebrate with our families. We will pick back up with Auto Remarketing Today on Tuesday, Jan. 3. We hope you have enjoyed the industry coverage from Auto Remarketing and SubPrime Auto Finance News in […] [Read More]

If Dataium’s Auto Shopper Intensity Index from last month is any indication, December’s new-vehicle sales are likely to be “positive but less than stellar,” and the New Year will probably ring in with a softer car market. Dataium explained that although the seasonally adjusted annualized rate is above year-ago figures and full-year sales should eclipse […] [Read More]

Stemming from a three-month trend of average list prices of late-model vehicles dropping 4.1 percent, CarGurus pinpointed a dozen units where the retail price is down by 10 percent or more. The highlighted units predominantly are from foreign OEMs with a quartet of domestic models included, too. The vehicles mentioned by CarGurus include: —2007 Toyota […] [Read More]

With used supply drying up amid the stiff competition for limited resources, dealers often have to pull out all the stops to find enough used cars for their lots. For instance, small independent dealerships, selling an average of zero–100 units annually, find close to 27 percent of their inventory through purchases off the street, according […] [Read More]

After a solid year in 2011, it appears the auto market will make even more progress next year. Even with what could be 12.8 million new-vehicle sales this year, there is still a hearty stock of pent-up demand remaining, as well as a stronger selection and improved credit conditions, leading Edmunds.com to project that 2012 […] [Read More]

Automotive Resources International announced late last week it has bolstered its presence in the U.K. with the acquisition of Fleet Support Group, which is based out of Chippenham, England. Officials noted that FSG is Britain’s largest independent fleet management company and is a family-owned business. More than 55,000 vehicles throughout the U.K. are included in […] [Read More]

The Human Rights Commission has taken note of two of the Big 3’s commitment to corporate equality. Both Chrysler and Ford received perfect scores in the HRC’s annual corporate equality index (CEI), which rates corporations based on their lesbian, gay, bisexual and transgender workplace policies and benefits. The two automakers represented just two of 190 employers to […] [Read More]

In 2008, the American Recovery Association decided to take an important step toward industry unification and started planning an event to bring together collateral recovery specialists, remarketing professionals, professionals in the lending industry and industry vendors. Spurred by the disappointing economy and a downturn of events in the industry, ARA sought a solution to equip […] [Read More]

PRA Location Services contends it has found a way for repo agents to take advantage of license-plate recognition technology without operators needing to invest thousands of dollars in equipment and more. The Las Vegas-based subsidiary of Portfolio Recovery Associates recently launched RecoveryNet, a subscription-oriented platform that can allow repo agents to submit as many as […] [Read More]