Perhaps used-vehicle shoppers watched movies such as "Gone in 60 Seconds" or "Legally Blonde" last month and saw a Porsche playing a prominent role — because something triggered quite a spike in consumer activity on NADAguides.com for the sports-car brand. Interest in Porsches soared 31 percent year-over-year in August, 10 percent more than fellow European […] [Read More]

Auction volume dropped more than 2 percent sequentially last month, with most vehicle-age classes declining “sharply.” However, a late-model class of vehicles bucked the trend, spurred by rental-car sales in the lanes. That’s according to the latest Guidelines report from NADA Used Car Guide, which said there was a 2.2-percent drop in AuctionNet wholesale transactions […] [Read More]

A report that Auto Remarketing highlights weekly is celebrating its five-year anniversary this week. Black Book is celebrating the milestone of its weekly “Used Car Market Report” video series, hosted every week by Black Book editorial director and senior vice president Ricky Beggs. The reports have run continuously during the five-year span without interruption, according […] [Read More]

Automotive lead-generating firm HookLogic has earned a new title: Certified Provider. The news from the company came this week, as it announced its selection as the newest provider in the Dealer.com Certified Provider Program. Two HookLogic solutions will be made available to Dealer.com members via the Certified Provider Program. They are Web2Show, which helps convert […] [Read More]

RoadDealer.com — an online platform that affords dealerships the ability to buy, sell and trade aged and wholesale vehicles between other stores — formed a strategic partnership with the Chicago Tribune this week. Through its members-only website, RoadDealer.com highlighted that its inventory database now holds more than 20,000 vehicles ready for used-car managers to buy […] [Read More]

Certified pre-owned sales were strong in August for the European automakers, with one luxury brand, in particular, touting its best August ever for CPO sales. Audi Canada had its best August ever this past month, with 436 CPO vehicles sold. Jonathan Breton, manger of certified pre-owned and corporate sales, said this number is up 16.9 […] [Read More]

Canadian minister of finance Jim Flaherty confirmed this week that the government has made strides to move General Motors towards private sector ownership. Canada GEN Investment Corp. — a wholly-owned subsidiary of the Canada Development Investment Corp., who holds Canada's interest in GM — has sold 30 million shares of common stock of General Motors […] [Read More]

The larger certified pre-owned vehicles remained scarce this past month as dealers began wrapping up the summer seasons. The rides that were the hardest to find in August were the CPO SUVs, particularly larger SUVs from Toyota and Chevrolet, according to the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing […] [Read More]

NADA Used Car Guide probably knows dealers are looking down the lanes or staring at their tablet screens and asking, “Am I really using this much of my floor plan for this 6-year-old car?” The reason analysts can picture this scenario is because they expect prices for 4- to 10-year-old units to be 0.5 percent higher […] [Read More]

The “brisk” used-car sales at dealer lots this year are ahead of an “already healthy 2012,” according to a presentation from ADESA’s Tom Kontos. And based on the findings the Federal Reserve’s Beige Book report, things could be getting even better. Kontos — the executive vice president and chief economist for ADESA Analytical Services — […] [Read More]