IRVINE, Calif. — Though new-vehicle sales in the realigned auto industry may stay in the 11 million range for the foreseeable future until a few key economic indicators improve, there exists a certain optimism for Big 3 automakers, in particular, during the recent "slightly rising tide" in auto sales, according to James Bell, executive market analyst for […] [Read More]

ATLANTA — Though Chevrolet appears to be the front-runner to gain the most displaced new Hummer buyers if the brand closes up shop, the attention of these shoppers would largely be "up for grabs," according to AutoTrader.com, which looked at cross-shopping activity among Hummer shoppers on the site. AutoTrader.com's data indicates that 12.3 percent of new […] [Read More]

NEW YORK — It was announced Monday that joining the lineup of auto executives and analysts sharing their expertise at the NADA/IHS Global Insight Automotive Forum 2010 are James Lentz, president and chief operating officer of Toyota Motor Sales, USA, and Jim Farley, group vice president of global marketing and Canada, Mexico and South America operations […] [Read More]

IRVING, Texas — Further piecing together of what's been a fractured repossession industry is what the leadership of the American Recovery Association hopes to accomplish during the second annual North American Repossessors Summit. This year's version titled "The Future of the Recovery Industry: 2010 and Beyond," is open to any recovery agency whether they're members of […] [Read More]

SANTA MONICA, Calif. — When January's new-vehicle sales figures are finalized, it is projected that market share for Toyota will fall to its lowest level in almost four years and the automaker is the only one of the seven major manufacturers expected to show a double-digit decline in year-over-year sales, according to Edmunds.com. Specifically, Toyota's January […] [Read More]

CARY, N.C. — Leading the way as the top headline this past week at AutoRemarketing.com was a story that shared details about Manheim enhancing a partnership with BMW Group Financial Services. Also catching readers' attention was news about plans for recalled Toyota vehicles to return to the auction lanes. The top five stories from AutoRemarketing.com this […] [Read More]

WESTLAKE VILLAGE, Calif. — The rebound in auto sales appears to have met a "speed bump" in February stemming from Toyota recalls and winter storms, as new-vehicle retail sales will likely show only a minor year-over-year uptick, according to J.D. Power and Associates. More specifically, J.D. Power is forecasting new-vehicle retail sales of 561,500 vehicles, an […] [Read More]

WESTLAKE VILLAGE, Calif. — The challenges that dealers have experienced in their service business due to extremely weak vehicles sales in 2008 and 2009 are likely to stick around for a while. J.D. Power and Associates projects that dealer service volume will continue falling for "several years," eventually hitting a trough in 2013, according to its […] [Read More]

SANTA MONICA, Calif. — Recalls and chilly weather slowed down the auto sales recovery this month, but given the current climate, TrueCar.com called February's projected growth "encouraging." Specifically, TrueCar expects U.S. light-vehicle sales (including fleet) will reach 752,688 units by the end of the month. This would mark an improvement of more than 9 percent from […] [Read More]

YONKERS, N.Y. — Consumer Reports discussed its latest Automaker Report Cards on Tuesday, recognizing the manufacturers that make what it considers to be the best all-around vehicles. Sharing this year's top honor are Honda and Subaru. This marked the fourth straight year Honda has claimed the No. 1 spot, as it scored a 77 out of […] [Read More]