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]

Edmunds.com recently encouraged consumers considering purchasing another vehicle to move more quickly rather than waiting until the summer when deals usually go into full swing.   The company cautions shoppers that the typical summer deals may not be available this year due to supply shortages from the Japan earthquake and tsunami, as well as the […] [Read More]

NADAguides.com recently announced its annual “Must Consider” vehicle list, which includes a variety of brands.   Basically, the list, which was selected by company analysts, includes vehicles that offer “a combination of quality engineering, design and features, great performance and excellent fuel efficiency resulting in noteworthy success for each vehicle’s intended function and overall value (taking […] [Read More]

General Motors announced Tuesday it will invest $100 million to add 30 jobs and purchase tooling and equipment to make future automotive components at its GM Components Holdings Rochester Operations. "This investment in our manufacturing operations will enable us to produce a new generation of fuel-efficient small-block car and truck engines," said Cathy Clegg, GM […] [Read More]

Over the past decade, there has been a significant shift toward migrating the wholesale vehicle remarketing process online. There are many reasons for this growth. The online channel offers numerous benefits for the remarketing process, such as reduced expense and time to sale, less need to transport vehicles, travel cost savings to and from the […] [Read More]

Leaders of Allied Finance Adjusters are quick to point out that the last couple of years probably have created more change in the repossession industry than any of the previous 75 years. With a mindset of bonding as a group, president George Badeen explained how this week’s convention is creating more enthusiasm and excitement. “We’re […] [Read More]

Vincentric unveiled its sixth annual Best Fleet Value in America Awards for units from the 2011 model year. The automakers claiming the most honors often duel it out for top monthly sales performances. Award orchestrators gave 10 awards to Toyota, while they gave nine to General Motors. Ford claimed five accolades, and Volvo, Audi, Volkswagen, […] [Read More]