The Ford brand maintained its perch atop NADAguides.com’s list of most-researched brands during the first quarter, but Korean brands stole the show and some of the Big 3’s share, as they continue to close the gap on their rivals. According to the first-quarter Brand Share Report, Ford is still the industry’s most popular brand, notching […] [Read More]

Used-vehicle sales in April will likely improve month-over-month by more than a third, according to TrueCar.com, which is projecting about 3.36 million used units sold by month’s end. The site indicated that this would be a 34-percent sequential hike and a 2-percent year-over-year gain, leading to a new-to-used ratio of about 1:3. On the new […] [Read More]

Nominations for Auto Remarketing’s annual Who’s Who listings, set to run in the June 1st edition, are due in by this Friday. Whether nominations highlight an executive that works in remarketing, fleet, auctions, service or more, Auto Remarketing is looking to recognize the top executives in the used vehicle industry. “We are striving to honor […] [Read More]

In a key move that allows for an ownership increase, Chrysler announced Thursday that it will repay its U.S. Treasury, Canadian Federal and Ontario aid loans this quarter. The automaker will achieve this by refinancing that debt in a new term loan facility and through a private offering of newly issued debt securities to institutional investors. The offering will […] [Read More]

Vehicle registrations by African-Americans climbed by more than 11 percent in 2010 and one brand, in particular, seems to be benefiting, according to Polk. The automaker most popular among African-Americans in 2010 was Toyota. Specifically, Polk discovered that there were 641,090 new-vehicle registrations within the African-American demographic last year. This marks an 11.5-percent gain from the […] [Read More]

To drive service dollars, Hyundai’s Chicago dealers recently held a weekend-long Groupon promotion where shoppers could receive an oil change, inspection and tire rotation for $29. Customers could take advantage of the deal at 10 different stores in the Chicago area. Hyundai revealed that 1,323 shoppers utilized the Groupon, meaning the average number of new-service […] [Read More]

The effects of the Japanese disaster and skyrocketing gas prices are among the topics vAuto’s Dale Pollak is tackling in an online seminar this morning that features a Q&A with the company’s founder. The “General Market Update, a Q&A with Dale Pollak” begins at 11 a.m. (CDT) and runs until noon. Officials are asking participants to […] [Read More]

Three models were recognized last week in New York by the 2011 International Car of the Year Awards for being top-notch within their respective segments. Honored during a private ceremony were: —2011 International Sedan of the Year: Volvo S60, which was voted “Most Dependable.” —2011 International Luxury Car of the Year: Jaguar XJ, which was voted […] [Read More]

There have been many recent discussions regarding the practice of forwarding repossession assignments. In addition, the industry has targeted companies that do forwarding, questioning the value, or lack thereof, that these companies provide to the repossession process and to the industry. From the agent’s perspective, the standing argument is that lenders benefit from a direct […] [Read More]

Forwarding, in itself, is not a bad business practice. Afterall, we have been forwarding work amongst ourselves for many years. Forwarding became a nasty word when the auction companies entered into the business to push repossessed vehicles to their respective auctions. Sadly, that wasn’t enough for the auction companies, and forwarding started to become a […] [Read More]