Honda’s certified pre-owned vehicle website (HondaCertified.com) has been completely redesigned to provide a more focused shopping experience, the company said Monday. The automaker has implemented a vehicle compare feature, a vehicle recommendations tool and an interactive payment calculator to help car shoppers find vehicles within their budget. On the new site, the primary focal point for shoppers […] [Read More]

ServNet auction owners and members of its executive team met for the group's semi-annual business meeting and a visit with national remarketers at a Meet the Owners event last month. At the Owners' Meeting, members discussed the group's Leadership Succession, which will occur this fall. Carolina Auto Auction’s Eric Autenrieth will assume duties as ServNet's […] [Read More]

Evidently vehicle shoppers in the U.S. will pay a much higher sum for advanced technology in their next new model than their counterparts in places such as Canada, Germany, the United Kingdom and China. And IHS Markit suggested that automakers adjust their strategies accordingly. The firm released a new global survey on consumer preferences for […] [Read More]

automotiveMastermind has been named a winner of the Red Herring Top 100 North America award, which recognizes industry-leading companies' innovation and technological advancements. "It's an honor to be recognized among some of the most exciting and innovative companies in North America," automotiveMastermind chief executive officer and co-founder Marco Schnabl said in a news release. "This […] [Read More]

New National Independent Automobile Dealers Association president David Andrews received the President's Ring during the National Leadership Awards Banquet at NIADA's 71st annual Convention and Expo at The Mirage in Las Vegas last week. The owner of City Auto in Memphis, Tenn., and other automotive enterprises succeeds 2016-17 president Billy Threadgill of South Carolina. Andrews began […] [Read More]

With the firm also seeing captive finance companies likely to face continued pressure on profitability, Fitch Ratings noticed a wide array of headwinds impacting the auto ABS market, too. However, Fitch is keeping its rating outlook as stable, according to its latest U.S. Auto ABS Index Report. “Despite negative headlines in the auto sector, including weaker […] [Read More]

Off-lease vehicle volume is rising, used-vehicle prices are falling and Brian Benstock, vice-president of Paragon Honda and Paragon Acura, counts it all opportunity. He’s looking forward to selling or leasing new vehicles to consumers when their leases expire and plans to buy a lot of those lower-mileage, off-lease vehicles for his thriving certified used-vehicle operations. […] [Read More]

Analysts at J.D. Power Valuation Services found that May wholesale prices for used vehicles up to 8 years old declined by an average of 1.9 percent. And their expectations predict a similar softening to happen in June, as well. According to the June edition of Used Car and Light Truck Guidelines Industry Update, J.D. Power Valuation […] [Read More]

Compared to the previous four-week period, J.D. Power Valuation Services determined auction sales volume for used vehicles up to 8 years old dropped by 3 percent in May, settling at 366,212 units. According to the June edition of Used Car and Light Truck Guidelines Industry Update, J.D. Power Valuation Services recapped that the volume figure […] [Read More]

Respected automotive attorney Tom Hudson of Hudson Cook has been selected as the newest member of the National Independent Automobile Dealers Association’s prestigious Ring of Honor. Hudson became the 29th auto industry leader to be inducted into the Ring of Honor, NIADA's highest award for non-dealers. The award was announced during the National Leadership Awards […] [Read More]