Learning that used-vehicle sales potentially showed the highest October in four years, Auto Remarketing sought feedback directly from the frontlines — both independent and franchised dealers. Just what are they reporting? At Select EuroCars, an independent dealership in Waterloo, N.Y., specializing in Volkswagens, president Joel Osserman said he can’t pinpoint the reason for topsy-turvy trending […] [Read More]

The used-car industry enjoyed its strongest October in four years last month, as both franchised and independent dealers — in addition to private-party sales — climbed double-digit percentages, according to CNW Research. Overall, there were 2.91 million used sales last month, up 12.4 percent year-over-year, CNW noted, with franchised dealers up a little more than […] [Read More]

Revealed Tuesday, voting is now open for Cars.com’s Shoppers’ Choice Award. The lineup of 10 finalists ranges from the luxury Audi Q5 to the rugged Ram 1500, running the gamut of vehicle segments. Cars.com determined the finalists for the award by “looking at shoppers’ actions on the site that indicated interest in new vehicles, including […] [Read More]

Success of Korean automakers in challenging Toyota and Honda in the new-vehicle market appears to also be spilling into the certified pre-owned arena. AutoTrader.com discovered Hyundai captured five of the top 20 spots for CPO “Big Movers” in September. That finding came as a part of the Used/CPO Car Insights Report, which provides analysis of […] [Read More]

While revealing some highlights from its 2011 fiscal year, as well as providing its first-ever Corporate Sustainability Report — which details the company’s commitment to economic, social and environmental sustainability — Enterprise Holdings also announced that it saw double-digit growth in worldwide revenues from 2010. For its fiscal year ending July 31, the company posted […] [Read More]

ACA International arrived at a recommendation to modernize the collection trade association’s governance structure and now wants members to review this proposal. Officials recapped that a year ago then-ACA president Martin Sher convened an ACA governance task force to review the association’s current governance structure and recommend proposals. The task force recently concluded this work […] [Read More]

The American Recovery Association is already taking registrations thanks to an early bird discount for the fourth annual North American Repossessors Summit, which is scheduled for March 23–24 in Dallas. ARA officials indicated registration fees will increase after Dec. 31. “NARS is the must-attend event in the recovery and remarketing industry and with a limited […] [Read More]

Ally Financial announced the launch of a new financing product this morning on new 2011 and 2012 General Motors and Chrysler vehicles that gives customers the option of treating their vehicle purchase like a lease and selling it back to the lender at the 48th month at a fixed price. However, if the customer decides […] [Read More]

 As final preparations are made for the Used Car Week Conferences, which will be held Nov. 14–18 in Las Vegas, conference organizers have announced that the attendee lists continue to grow, surpassing any prior year’s attendance. [Read More]

Late last week, Edmunds.com came to the rescue of consumers worried about being “haunted” by the fear of paying too high a price on their next vehicle. Putting a timely spin on its True Market Value Predicted Price Trends this Halloween, the company identified which vehicles on the market qualify as “tricks” or “treats” — […] [Read More]