The certified pre-owned market has officially hit its third straight year of record annual sales. And it took only 11 months to get there. After what turned out to be the best November ever for CPO, year-to-date certified sales have reached 1.94 million units — compared to 1.83 million sales for full-year 2012 — and […] [Read More]

There is certainly a caveat to the inroads the certified pre-owned world has made with new-car shoppers, but that Catch 22  leaves room for growth. Consider these findings from the AutoTrader.com 2013 Certified Pre-Owned Study. Although CPO consideration has increased among new-car shoppers, their overall familiarity with specific details of CPO program has shown a […] [Read More]

After analysts reported November wholesale price movement had slowed to about 2 percent, NADA Used Car Guide predicted auction prices to continue to inch downward this week. NADA UCG anticipates that prices at auction will fall by 0.2 percent (or $25) versus the two-week average. “Across the board, depreciation will be relatively mild,” said David […] [Read More]

Leasing penetration is thought to have reached its highest level of the year last month and could get even stronger before 2013 is over, said Edmunds.com senior analyst Jessica Caldwell. Specifically, it was forecasted that lease penetration was at 26.2 percent in November, up from 26.0 percent in October and 24.9 percent in November 2012, […] [Read More]

Spokespersons from both Ally Financial and General Motors didn’t offer specifics on Wednesday in reaction to a report that the automaker is planning to sell off its remaining stake in the vehicle finance company. A host of media outlets cited a report by the Wall Street Journal  that quoted anonymous sources who said GM intends […] [Read More]

In the latest post on his blog, vAuto founder Dale Pollak shared a reply to a note he received from a Velocity dealer, outlining an aging problem dealers normally see as the year comes to a close. First, here is the letter Pollak received: Dale, While my stores have had your software for over four […] [Read More]

What’s black and white, and red all over? The used vehicles men are more likely to inquire about, it seems. In a recent study, iSeeCars.com spent a year tracking and analyzing the colors and types of cars that male and female visitors to its website inquire about. “It’s one thing to say you like a […] [Read More]

Attention, dealers: Interested in knowing the turnover rate for service positions among your  competitors? Want to know what they’re being paid? This information and more are now available via a new online search tool from NADA, that allows users to search the entire 2013 and 2012 NADA Dealership Workforce Study database. Called the NADA Dealership […] [Read More]

Canadian certifed pre-owned results began rolling in as the selling month came to an end this past weekend. Once again, the European automakers are showing impressive results, with Audi Canada seeing a 19-percent increase from November 2012. Elankum Vairavanathan, manager, incentives planning and certified pre-owned sales Audi Canada, told Auto Remarketing Canada the brand sold […] [Read More]

The results of Scotiabank’s Global Auto Report that were released today show auto industry profit margins have spiked to 10-year highs, reaching above pre-recession levels, with the highest profitability showing up in North America. The report indicates that the five largest manufacturers are achieving net income levels of more than $50 billion. Commenting on the […] [Read More]