During the second quarter — which garnered 9.2 million sales for the used-car industry, according to the Used Market Quarterly Report from Edmunds.com — one brand, in particular, managed to snag the top two spots on both the list of most-researched used vehicles on Edmunds.com as well as the list of most-purchased used vehicles at […] [Read More]

Thirty-five percent of the used vehicles sold retail in the U.S. by Penske Automotive Group during the second quarter were certified pre-owned models. That’s according to a quote from the retailer’s chairman, Roger Penske, published in a transcription of the dealer group’s quarterly conference call last week by Seeking Alpha that can be found at: [Read More]

Contrary to what the industry has seen through the spring and early summer, car value retention was actually stronger in the lanes than trucks last week — just the second time this trend has been spotted in 2013, Black Book’s Ricky Beggs reported. The overall car segment decline came in at 0.3 percent, or a […] [Read More]

Ally Financial announced on Monday that it will introduce the first of several new ads in August that showcase diverse dealers. The company highlighted the ads are the latest addition to Ally’s “Success Stories” campaign, which celebrates the dealers and their leadership in the communities they serve. Josefina Hooker of Freedom Buick-GMC in Odessa, Texas […] [Read More]

How do consumers approach the car shopping process? That key information is the focus of the fourth annual Interactive Advertising Summit series by AutoTrader.com. The series kicks off today at the Terranea Resort in Rancho Palos Verdes, just outside of Los Angeles. Two additional summits are scheduled for other cities in September. The theme of […] [Read More]

Later this month, the National Auto Auction Association will kick off its annual National Auto Auction Week to recognize its members for their contributions to their local community and national economy, and one auction company recently shared its plans for the event. ADESA announced last week that each of its 67 North American auction locations […] [Read More]

It might sound like a broken record, but four of the first five used models researched the most on Kelley Blue Book’s website last month came from either Honda or Toyota. Pacing the consumer activity at KBB.com last month was the Honda Civic, followed by its midsize sibling, the Accord at No. 2. Coming in […] [Read More]

While he also discussed reasons for sagging sales at buy-here, pay-here dealerships and pre-approvals for used-vehicle financing, surges in floor traffic and closing ratios associated with last month’s new-vehicle sales prompted CNW Research president Art Spinella to say, “The final 10 days of July were a wild ride, indeed.” CNW indicated floor traffic — that […] [Read More]

The mid-year Automotive Franchise Activity Report from Urban Science showed that as the number of franchised dealerships has fallen slightly this year, average new-vehicle sales per dealership are up. But the increases are not expected to continue. Auto Remarketing asked John Frith, vice president at Urban Science, why he thinks this year’s throughput levels — […] [Read More]

Brand-by-brand certified pre-owned results for July began pouring in late last week, and the market looks promising so far. With 6,734 CPO sales, Hyundai, for instance, had its best-ever July and the second-strongest month on record for certified, said Jose Froehlich, senior manager of certified pre-owned at Hyundai Motor America. The July sum also represented […] [Read More]