Toyota made headlines again as 2012 closed, agreeing to pay $1.1 billion to resolve economic loss litigation in the U.S. stemming from the major recalls centered on unintended acceleration. However, when Auto Remarketing contacted several analysts Wednesday to get their assessment of what the development might do to the brand’s used-vehicle standing, the responses all […] [Read More]

Kelley Blue Book recently shared the top 25 most-researched used and new vehicles on KBB.com from December, and once again sweeping the charts was the Honda Accord. Looking at the used-car rankings in more detail, the Honda Civic followed in the No. 2 spot, with the Toyota Camry, Ford F-150 and Toyota Corolla rounding out […] [Read More]

As 2012 wrapped up, used prices continued their downward spiral — perhaps welcome news to buyers looking for a new pre-owned ride in the new year. An entry in Cars.com’s "Kicking Tires" blog indicates that late-model used-car prices declines for the sixth straight month in December. Specifically, prices dropped an average of $115 from Nov. […] [Read More]

Chrysler Group revealed over the holidays it will be making a recall in Canada regarding 2013 Ram 1500 pickups. The 3,021 trucks being recalled need to have their daytime running lights — which are required by Canadian law — activated. Explaining the recall, the OEM shared that production schedules supplied to Chrysler Group assembly plants […] [Read More]

Avis Budget Group said Wednesday morning that it will buy the car-sharing network Zipcar for roughly $500 million in cash. The deal is expected to be finished by spring, but it first must gain approval by Zipcar shareholders and meet other customary closing conditions. Both companies’ respective boards of directors unanimously approved the deal. Additionally, […] [Read More]

As 2013 gets underway, used-car sales are coming off of an impressive end to the year, and new-car sales are up, as well. And though sales numbers are high and morale is up, many dealers are still concerned about how the pre-owned inventory situation will play out this year. Used inventory has been tight for […] [Read More]

When the American Auto Auction Group got started in Charleston, S.C., around three years ago, its goal from the outset was to create a coast-to-coast nationwide network of independent auctions. Having dug its roots on the East Coast, the group wanted to find a foothold towards the Pacific end of the country. That’s when George […] [Read More]

Just before the holidays, Dealers Auto Auction of the Southwest rolled out 360 Service, an exclusive customer service program than can help dealers manage their auction consignment more effectively. Auction vice president Jim DesRochers explained how it works. [Read More]

NCM Associates hired four new associates to serve its retail automotive clientele, including the franchised and buy-here, pay-here dealer segments. Joining the company as executive conference moderators for the 20 Groups division under Kevin Cunningham are Paul Kechnie, Joe Basil and Gene Daughtry. The company said Steve Hall has joined the faculty of the NCM […] [Read More]

NEW YORK — Now that the U.S. doesn't appear to be going over the fiscal cliff because of measures taken by federal lawmakers this week, the projections made by Fitch Ratings about this year's auto ABS asset and ratings performance appear to be on surer footing. Analysts made their upbeat 2013 auto ABS forecast because […] [Read More]