After months of declines, used-car prices showed a small increase in July, with the larger sedan segments leading the pack. Wholesale values saw an increase of 1.2 percent this past month when compared to June, according to the latest RVI Market Update. The year-over-year climb was even larger, showing prices up by 3.9 percent. And […] [Read More]

Double-digit growth in new-car sales tends to free up bucketfuls of used cars to enter the market, as these owners find new homes for their former rides. That certainly appears to have been the case in July. More than a quarter million instant trade-in offers were produced last month through AutoTrader.com’s Trade-In Marketplace, the site […] [Read More]

Late last week, General Motors informed the National Highway Traffic Safety Administration that the automaker will recall 292,879 Chevrolet Cruze sedans from the 2011 and 2012 model years in the United States. Spokesperson Alan Adler indicated in a message to Auto Remarketing that the recall came because of a potential intermittent loss of brake assist […] [Read More]

Professional, personalized price quotes in minutes — that’s the goal of a new dealer solution just announced by Digital Air Strike. Dubbed Response Logix Smart Quote 3.0, the new online quoting system can help auto dealers ensure that each potential customer receives a personalized price quote within minutes, the company said. Features of Smart Quote […] [Read More]

The American International Automobile Dealers Association and CNA National are teaming up for a webinar this week that will focus on increasing efficiency in dealership accounting offices. The free webinar, titled “Dealership Dollars: Managing Your Accounting Practices with Back Office Consolidation,”  is scheduled for Aug. 21 at 1 p.m.   “This webinar will help dealers […] [Read More]

PHOENIX — Despite a 20.7-percent increase in total revenue and an 18.3-percent jump in unit sales, DriveTime Automotive Group explained why its gross margins still softened during the second quarter. According to reports filed with the Securities and Exchange Commission, DriveTime's revenue came in at $364.8 million, and the company's 104 dealerships turned 17,357 vehicles. […] [Read More]

BANDON, Ore. — Based on the first 15 days of the month, CNW Research is projecting that August will be a "solid" month for used-vehicle sales. The combination of retail metal turning at franchised and independent dealerships as well as private-party transactions should push this month's total at least 3 percent higher versus year ago […] [Read More]

WASHINGTON, D.C. — The American Financial Services Association recently sent a letter to the commissioner of the New York State Department of Motor Vehicles on its proposed regulations implementing A. 1346-C. AFSA explained the law, enacted in December of last year, authorizes the DMV to issue a lien-free certificate of title upon proof by a […] [Read More]

TORRANCE, Calif. — Toyota Financial Services recently recognized 100 high school students who overcame considerable hardships on their paths to college, presenting them with $1 million in scholarships. Officials highlighted this is the first year in which TFS expanded its Making Life Easier scholarship program to $1 million. The program provides scholarships to underserved students […] [Read More]

Here’s some good news if you’re a dealerwho sells certain Ford Fusions or Honda Accords. The 2013 model-year editions of these vehicles have not only been “winners” on the new-car sales and market-share growth fronts, but they’ve also retained more value on the used-car side than any other cars in their segment. That’s according to […] [Read More]