Enterprise Holdings recently crossed a big annual used-vehicle-sales threshold, as the company said Wednesday that fiscal 2013 marked the first time it has moved more than 1 million cars internationally via dealer, consumer and auction sales channels in a given year. This was one of several financial and performance points shared by the privately owned […] [Read More]

After September saw the percentage of near-term intenders planning to purchase or lease a new car within the next three months fall slightly, levels remained more “stable” this past month. According to data provided by Phoenix Marketing’s October Auto Insights report, the percentage of near-term intenders in the market for a new car now sits […] [Read More]

In addition to being able to list their new-vehicle inventory via General Motors’ new Shop-Click-Drive tool, GM dealers can also choose to list their pre-owned inventory through this online retailing tool that the automaker took nationwide on Wednesday. A GM spokesperson confirmed these details to Auto Remarketing today, indicating that GM dealers participating in Shop-Click-Drive […] [Read More]

Though their respective market shares were down from a year ago, it was another banner month for import brands in the certified pre-owned market. CPO sales for European brands climbed 14 percent year-over-year in October, according to Autodata Corp., whose data indicates that Asian brands saw about the same level of increase (up 13.8 percent). […] [Read More]

As fuel rates have evened out this year, interest in alternative-fuel vehicles has waned, putting downward pressure on values for these cars. But, it seems the tides have turned for one particular unit. Kelley Blue Book reported that the Nissan Leaf has experienced a bit of a “rebound” in the second half of the year. […] [Read More]

KAR Auction Services boosted its revenue by 12 percent year-over-year in the third quarter, as its ADESA, Insurance Auto Auctions and AFC business units all showed gains. Meanwhile, the increase in net income for KAR was even higher, climbing 19 percent to $22.8 million for Q3. Drilling down into specifics, KAR’s quarterly revenue was $533.7 […] [Read More]

MPi, a provider of revenue and retention solutions for dealership service departments, announced that Jaguar Land Rover North America endorsed the company’s EDGE WorldClass tool on Tuesday. MPi and JLRNA are also teaming up to offer Jaguar and Land Rover retailers a special limited-time enrollment incentive. Officials highlighted that EDGE WorldClass is a solution that […] [Read More]

Primeritus Financial Services held its first-ever Agent Partner Event for its national agency partners on Oct. 24-25 in Nashville, Tenn., home to the company’s corporate offices. More than 100 agents joined the Primeritus management team and staff for a tour of the new offices, reception and dinner, followed the next day by a Nashville city […] [Read More]

NEW YORK and WASHINGTON, D.C. — As Ally Financial reported its third-quarter performance and indicated the Consumer Financial Protection Bureau believes the financial company "failed" to fulfill obligations regarding possible discrimination, a top CFPB official restated the bureau's position on regulating indirect auto lending. Ally offered an update on what the CFPB is investigating as […] [Read More]

ALEXANDRIA, Va. — In a development called an "aberration," the American Bankruptcy Institute said total U.S. bankruptcy filings for October increased 11 percent compared to September. According to data provided by Epiq Systems, October bankruptcy filings totaled 89,875, up from the 80,668 filings registered in September. The 86,331 total noncommercial filings for October represented a […] [Read More]