It was another solid month for the used-car market. Sales didn’t quite reach the 3 million mark in November, but they still eclipsed year-ago levels by almost 15 percent and continued a blisteringly hot year. According to CNW Research, there were 2.98 million used vehicles sold last month, which marked a 14.6-percent year-over-year increase. [Read More]

Prices are strengthening in the lanes, as it seems dealers are paying more for vehicles with higher mileage this year, according to Manheim’s Tom Webb. The Manheim chief economist explained in a post to his blog on Monday that “an increase in average mileage for vehicles within a given tier means that prices are strengthening […] [Read More]

Auto Remarketing learned Monday that Kia Motors America’s fleet and remarketing team now has a national manager of CPO. Coming over from KMA’s Western region to head up certified is Brad Beer. While in the Western region, Beer was regional sales manager. [Read More]

During his latest video analysis, Black Book managing editor Ricky Beggs gave broad assessments of wholesale market behavior, since Thanksgiving prompted auctions to move sale days and dealers had to adjust their weekly rituals. In his latest edition of “Beggs on the Used Car Market,” the veteran analyst said, “It’s amazing how many attending dealers […] [Read More]

Lincoln dipped deep into the history of the brand to come up with its latest advertising push, revealed Monday, and industry analysts lauded the move as a "step in the right direction" for the brand. The advertising campaign, which will hit print, television and digital mediums, is called, "Introducing the Lincoln Motor Company." Lincoln was […] [Read More]

Dealers on the lookout for new customers will find that the competition just got more interesting with the launch of a new shopper-tracking mobile technology. Designed to target mobile shoppers based on their location, even when they’re at a competing dealership or service center, is the Location Targeting feature from AutoMotion Dealer App. It was […] [Read More]

Dominion Dealer Solutions and Microsoft are teaming up to build a dealer management system designed to help dealers and OEMs boost profits and revenue, improve customer experience and foster operational efficiencies. Microsoft Dynamics AX will be the foundation of the new tool, which will also blend in the “extensive automotive retail expertise and assets” from […] [Read More]

Along with an announcement late last week of another common stock offering, KAR Auction Services’ board of directors approved the initiation of a quarterly cash dividend on the company’s common stock. The first dividend paid to stockholders in the company’s history entails the initial quarterly dividend of $0.19 per share to be paid on Dec. […] [Read More]

Through its development over the years, one of the calling cards of the certified pre-owned industry has been the added “peace-of-mind” that it can offer customers. And a big part of that comes from the inspection processes that these used vehicles go through before they are ultimately deemed certified. In fact, at Mercedes-Benz, Scott Penza […] [Read More]

The holidays may bring some extra cheer to the used-car market, if Purchase Path survey data from CNW Research is any indication. The share of used-car sales in December bought as holiday gifts could end up reaching a four-year high. Of the shoppers planning to make a used-car purchase in December, 1.9 percent say they […] [Read More]