Supporting the strong October sales performance previously revealed by Autodata, analysts from AutoTrader.com indicated Wednesday that the average asking prices for certified pre-owned vehicles showed significant improvement. As opposed to September, when prices dipped for 15 out of 20 most-searched CPO vehicles on a year-over-year comparison, the site determined prices increased for 14 of the […] [Read More]

One of the key presentations at the CPO Forum earlier this week was with Arianne Walker, of J.D. Power and Associates, who discussed her company’s 2010 Used Vehicle Market. She told the many dealers and other industry executives in attendance that the new-vehicle and used-vehicle markets are closely tied together. As the new-vehicle market has […] [Read More]

GE Capital Fleet Services totaled up the cost savings the company created for its customers during the third quarter. Utilizing five main strategies, officials said total customer savings came in at $63.3 million. Through the first nine months of 2010, GE Capital Fleet Services contends it has helped its clients save $225 million. Officials discovered […] [Read More]

Edmunds.com recently conducted its own testing of electric vehicles to mimic a condition consumers might feel called “range anxiety.” The site described the situation as the fear some drivers supposedly have about driving an electric vehicle and ending up stranded with a dead battery. Analysts wanted to know what this condition could mean as more […] [Read More]

Automotive Resources International recently promoted one of its executives to be business development manager of state and government fleets. Accepting this position was Cheryl Graham. ARI indicated Graham will act as the primary liaison between the various state agency clients and the operational departments within the company that provide state-specific maintenance, accidents, fuel and inventory […] [Read More]

As consumers, cell phone users, computer owners, Internet shoppers, online bankers and increasingly voracious consumers of all types of content, most people benefit from some form of electronic data interchange on a daily basis. We are literally surrounded with technology that allows us to exchange important data about our lives in a very routine manner. […] [Read More]

The Automobile Journalists Association of Canada recently unveiled the list of 11 new-vehicle segment winners that will be up for the 2011 Canadian Car of the Year or 2011 Canadian Utility Vehicle of the Year honors. AJAC revealed its “Best New” winners in each of the respective segments after the four-day “TestFest,” in which 70 […] [Read More]

Chrysler revealed its November incentives this week, sharing the promotions that its dealer body can use this month to attract customers and spur sales. The automaker broke it down by division, beginning with its Ram Truck brand. Ram Truck [Read More]

With volumes increasing and cost-containment measures proving to be beneficial, Avis Budget Group showed a double-digit spike in net income for the third quarter. Specifically, Avis Budget’s net income improved 58 percent year-over-year to $90 million. When restructuring and transaction-related costs are taken out of the equation, adjusted EBITDA came in at $219 million, up […] [Read More]

It is likely that October’s new-vehicle sales pace will have been little bit stronger than anticipated, according to KeyBanc Capital Markets senior automotive analyst Brett Hoselton. He said the industry remains on track to reach a fourth-quarter seasonally adjusted annualized rate of 12.6 million units. [Read More]