DETROIT — According to a recent Deloitte survey, individuals who are age 18 to 30 and make up what's known as Generation Y will likely be creating plenty of business for used-vehicle dealers. The survey determined that approximately 63 percent of respondents believe used vehicles are a greater value than new units. Furthermore, they're more than […] [Read More]

SOUTHFIELD, Mich. — With a little bit of momentum building in the market, light-vehicle sales for 2010 could climb to 11.5 million units following a 21.2-percent decline for the auto industry this past year, according to R.L. Polk & Co. This would be a 10.2-percent improvement from 2009, when auto sales were just over 10.4 million, a […] [Read More]

DETROIT — For just the third time in the 17-year history of the program, a single automaker has swept the North American Car and Truck of the Year awards. Taking home top honors in both the car and truck categories was Ford, whose Fusion Hybrid was named the 2010 North American Car of the Year and Transit […] [Read More]

DETROIT — Providing an update regarding its wholesale financing of Chrysler dealers, GMAC Financial Services said late last week that it has finished the formal underwriting for those who requested standard wholesale credit lines. Of the 1,474 U.S. Chrysler dealers that applied for this funding, the lender approved 94 percent. Breaking these numbers down a bit, […] [Read More]

DETROIT — Senior global auto industry executives appear to be cautiously optimistic about the next five years, as many expect auto market stability, investment and growth, but are still concerned with a number of issues impacting the industry, according to KMPG, which recently released its 11th annual global automotive survey. The study, which gathered insight from […] [Read More]

LAS VEGAS — Edmunds.com used the annual Consumer Electronics Show as the platform to hand out a new award to a domestic automaker that's been raking in many honors as of late. The Web Site gave its first Car Technology Breakthrough Award to the 2010 Ford Taurus. Officials presented the honor to the nameplate's chief executive […] [Read More]

CARMEL, Ind. — Dealer Services Corp. of Indiana made a few shifts in its management team recently, appointing Brian Geitner as chief executive officer. Geitner, who was previously the company's chief operating officer, replaced John Fuller, who kept his role as chairman of the board. Meanwhile, Marty McFarland, who had been the DSC of Indiana's chief financial […] [Read More]

CARY, N.C. — During the first business week of the new year, what intrigued readers of AutoRemarketing.com most was ADESA's implementation of the National Auto Auction Association's National Arbitration Policy. They found out the locations the auction company chose to adopt the policy immediately. Another story from Auto Remarketing that attracted plenty of reader interest detailed which […] [Read More]

WESTLAKE VILLAGE, Calif. — J.D. Power and Associates on Wednesday announced a new head of global automotive operations by promoting an executive already with the company. Taking on the position is John Humphrey, who most recently served as senior vice president of international operations at J.D. Power. The company opted to move Humphrey into this role to […] [Read More]

ATLANTA — Several used and certified pre-owned models saw declines in shopping activity on AutoTrader.com during December, but it wasn't for lack of consumer interest. Instead, site officials attributed this drop-off in used and CPO activity to to lower inventories of these units. Analysts noted that this trend was especially evident in the asking prices for trucks and […] [Read More]