If consumers continue to keep grabbing up vehicles like they have been earlier this month, then April’s seasonally adjusted annualized sales rate for the new-car market could top 14 million units, according to Edmunds.com. However, the site tempered this notion by suggesting that the market is likely to tap on the brakes toward the end of April, resulting in […] [Read More]

Auto Dealer Monthly unveiled in the April issue its 2011 Dealers’ Choice Awards, which lets dealerships vote on the top vendors, suppliers and finance companies. In total, 54 awards were doled out in 21 different categories, with 45 companies picking up honors. The companies were evaluated by dealerships in the following measures: —The product or service provided. […] [Read More]

During the opening session of Auto Remarketing Canada 2011 — Canada’s Used Car Conference this week, event organizers revealed the winner of the second Ward & Hart-Stephens Excellence in Remarketing Award. Receiving this year’s honor was David Sudbury, the former vice president at Honda Finance Canada who recently retired after serving 29 years with the […] [Read More]

Based on the latest data reported from its 12 districts, the Federal Reserve Board unveiled its latest Beige Book, reporting that vehicle sales rose across most areas of the nation in February and March. However, dealer concerns over automaker supply disruptions and production delays due to the Japan disasters are starting to come to the […] [Read More]

Experian Automotive’s vehicle database showed General Motors’ incentive and sales strategy employed to close out 2010 worked quite nicely in terms of making significant strides in corporate loyalty. According to Experian’s information, GM passed Ford for the first time in three quarters in connection with corporate loyalty as the firm placed the automaker’s level at […] [Read More]

Before arriving at your showroom, AutoTrader.com’s monthly Trend Engine Report projects potential buyers could have been scouring its website looking for fuel-sipping vehicles beforehand. Site officials say interest in these models is on the rise as gas prices remain high across the country with the turmoil in the Middle East, a continuing economic recovery and the upcoming […] [Read More]

Rising wholesale prices are making their way into the retail side of the business, based on recent research conducted by Cars.com. Site analysts discovered that across all major manufacturers, the average price of a used vehicle increased 10 percent during the last year. They noted Hyundai (up 22 percent), Mercury (19 percent) and Ford (14 percent) showed […] [Read More]

Along with announcing that it has delivered a record number of used-car leads to dealer partners during the first quarter, Kbb.com revealed Wednesday another traffic record in March. Traffic on kbb.com has been steadily increasing since the beginning of 2011, with the number of site visits in January and February initially topping previous record highs, […] [Read More]

If you thought managing your used-vehicle inventory was difficult during the 2008 gas-price spike, Alec Gutierrez, manager of vehicle valuation at Kelley Blue Book, is advising dealers they should be even more aware of current rising fuel costs when considering what to choose at auction. By looking at recent and historical data contained in the […] [Read More]

What chief executive officer Sergio Marchionne predicted would happen “in a matter of days” came to fruition Tuesday as Chrysler Group announced Fiat’s ownership interest in the company has increased from 25 percent to 30 percent. Chrysler indicated the increase is the result of the company’s achievement of the second of three performance-related milestones outlined […] [Read More]