In what was a solid finish to a strong 2011 for the used-car market, December saw a 12-percent rise in used sales, which pushed the full-year numbers to a gain of more than 5 percent, according to CNW Research. More specifically, used-vehicle sales for 2011 totaled 38.8 million units, which was 5.2-percent stronger than the […] [Read More]

Dealers’ success this year seems to be spurring economic recovery along, at least in the Empire State. According to the Greater New York Automobile Dealers Association, franchised dealers in the New York metro area sold 403,000 new and used cars. And as a result, their businesses injected $24.9 billion into the economy, while also providing […] [Read More]

BMW poured on the incentives in December, but it appears the German automaker was not able to keep its grip on the luxury market full-year sales crown, according to Edmunds.com. Mercedes-Benz likely passed BMW for full-year sales, the firm projects. Explaining the shift, Edmunds noted that at the end of November, BMW’s year-to-date sales were […] [Read More]

It appears that consumers are gravitating more and more to Korean brands when looking at new vehicles, according to NADAguides.com, which said in its latest Consumer Market Interest Report that domestics are holding their own, as well. Sharing the rankings of the most-researched vehicles on the site during the quarter, officials noted that the model […] [Read More]

Consumer Reports’ Best New-Car value list covered a bevy of vehicles, ranging from luxury sedans to family-friendly minivans, but one smaller unit made it back on the list and also re-emerged as the best overall value among the vehicles analyzed. Taking home the top honors, the Honda Fit impressed Consumer Reports’ staff once again. And […] [Read More]

Veteran repossessor and Time Finance Adjusters executive Patrick Altes believes there has been an industry myth circulating for years about how voluntary repossessions are expected to unfold easier for both agents and lenders. However, Altes takes a cautious approach about voluntary repossessions saying, “The reality is that the chances of finding the easy, should-be-done-cheaper voluntary […] [Read More]

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]