The economy remained sluggish and the debt ceiling crisis was on the worried minds of many. But neither of those things apparently stopped consumers from buying what TrueCar said was the priciest assortment of vehicles it has ever observed. Thanks to a pricier product mix, limited inventories and the dearth in dealer discounts/OEM incentives, average […] [Read More]

Not to be confused with the Hot Wheels found at a toy store, the National Insurance Crime Bureau on Tuesday released its own Hot Wheels — the list of the 10 most stolen vehicles in the United States. And for the first time since 2002, NICB discovered thieves preferred domestic nameplates over foreign brands. Among […] [Read More]

Sharing the findings of a semi-annual study, J.D. Power and Associates recently examined how car brands stack up against one another in terms of how satisfied new-vehicle shoppers are with their respective websites. In releasing the results of its 2011 Manufacturer Website Evaluation Study’s second wave on Tuesday, J.D. Power noted that the brand topping […] [Read More]

In light of the Japanese natural disaster and a flagging U.S. economic recovery, Tom Webb and Manheim Consulting had plenty of unique factors to consider when compiling this year’s Used Car Market Report — Mid-Year Edition. Pinpointing what would boost all segments of the industry most, Webb didn’t hesitate to tell Auto Remarketing it is […] [Read More]

It has been six years since the used-car market saw a July as strong as the “blockbuster” sales total reached last month, according to CNW Research. But as one particular dealer can attest, challenges apparently still remain. The firm reported Sunday that used sales for the month jumped 13.46 percent year-over-year and came in just […] [Read More]

Based on the latest analysis from J.D. Power and Associates, it appears the auto industry is having a tough time accelerating over recent speed bumps, although recovery still seems to be on the horizon and the market likely improved from June. Pointing out yet another month where second-half sales stalled, J.D. Power expects that when […] [Read More]

ACA International, the association of credit and collection professionals, recently confirmed its new president during its 72nd annual convention and exposition in Dallas. Now overseeing ACA’s volunteer executive committee and board of directors as president is Mark Neeb, of Rochester, Minn. Neeb’s term runs through next year. Neeb, a certified public accountant, entered the third-party […] [Read More]

Renovo Services recently announced it has achieved SAS 70 Type II certification. The company explained this certification requires an in-depth audit of the controls surrounding the development and continuing maintenance of IRIS 2.0, Renovo Service’s proprietary operating platform, as well as the infrastructure and IT procedures needed to support this operation. “Obtaining SAS 70 certification […] [Read More]

In a sign of unity rarely seen, high-ranking executives from more than a dozen automakers joined President Obama late last week to throw support behind the administration’s target of raising the corporate average fuel economy level to almost 55 miles per gallon by 2025. Not all the automakers initially appeared thrilled about potential requirements for higher […] [Read More]

Canada’s 2011 leasing rates for mainstream brands are expected to see a double-digit year-over-year spike, with gains for luxury brands skyrocketing even higher, according to ALG. What’s more, in light of its current residual projection for Canada, the firm believes several automakers will benefit nicely from the leasing uptick, as these brands and their dealers will […] [Read More]