Although Hyundai still held its perch atop the industry for brand loyalty in the third quarter, its customer allegiance declined by more than 4 percentage points, and the automaker now has a Japanese company nipping at its heels, according to Kelley Blue Book. Hyundai commanded 48 percent loyalty on Kbb.com, which was off 4.4 percentage […] [Read More]

Cherokee Automotive Group announced earlier this week that it has extended the early registration discount for its upcoming Used Car Week Conferences — the National Remarketing Conference, the CPO Forum and the Re3 Conference — which will be held Nov. 14–18 at the Red Rock Casino, Resort and Spa in Las Vegas. [Read More]

Following similar trends as July and August, the Dataium Automotive Shopper Intensity Index rose significantly last month, moving higher by almost 8 percent. The index climb, showing potential for an increase in retail sales in the next few weeks, bodes well for dealers and manufacturers — particularly Chrysler and Infiniti. Conversion rates or leads per […] [Read More]

TrueCar.com’s Performance Scorecards released Monday revealed big moves from one Japanese automaker as Honda moved into a tie for second place with Hyundai for highest grade by manufacturer. Subaru edged the two out, taking first place with an A+. Interestingly, even with production struggles stemming from the recent natural disasters in Japan, Honda also made […] [Read More]

Asbury Automotive Group revealed Monday that it has secured a new $900 million five-year syndicated credit facility that it will use for new- and used-vehicle inventory floor plan financing and general corporate purposes. The facility includes nine financial institutions and five automaker-affiliated lenders. [Read More]

While it’s cliché, the old adage that the “only constant is change” has never been more true than in the past five years within the recovery industry. Several breakthrough technologies are transforming the industry from a fragmented, local market-centric business into a more consolidated model, with competition nationwide. This change has forced many recovery service […] [Read More]

Those interested in the recovery, repossession and remarketing industries should take note of a special complimentary registration offer from Cherokee Automotive Group and the Used Car Week Conferences. Attendees who register for either the CPO Forum or the National Remarketing Conference, or both, will be automatically registered at no additional cost to attend the group’s […] [Read More]

NADAguides recently named its Car of the Month for October, giving the distinction to the 2012 Volkswagen Passat. The redesigned Passat — which NADAguides called “simple, smooth, elegant and appealing” — saw its consumer market increase more than double from July to August, analysts noted. Editors called its design “ergonomically comfortable” and touted its “intuitive, […] [Read More]

Canada’s new-vehicle market has continued to experience an up-and-down year through the first nine months of 2011, but based on what automakers are telling Auto Remarketing Canada, the certified pre-owned market, once again, fared quite well. Many of the automakers reporting CPO results to Auto Remarketing Canada experienced year-over-year gains in certified sales during September. […] [Read More]

While explaining how Hyundai Motor Group topped the industry in corporate loyalty for the first time, Experian Automotive revealed more data that showed the depth of the impact the Japan earthquake and tsunami had on second-quarter new-vehicle market trends. During a Webinar this week, Experian director of consulting and analytics Jeffrey Anderson made noteworthy contrasts in new-vehicle […] [Read More]