Toyota Motor Sales USA will conduct two safety recalls involving Prius vehicles as part of the recall announced Wednesday by Toyota Motor Corp. Approximately 670,000 Prius vehicles are being recalled in the United States — part of the 2.8 million units being brought back worldwide — to inspect and in some cases replace the steering […] [Read More]

Though Hurricane Sandy has reduced the expected SAAR for new-vehicle sales, according to  NADA Used Car Guide’s latest Guidelines report, consumer demand for new rides continued to grow last month. In fact, total light vehicles sales in October increased by 7 percent on an annual basis to reach 1.09 million units. “This brought the year-to-date […] [Read More]

In response to expansive damage from Hurricane Sandy in the Northeast, QCSA Holdings has opened two new full service salvage facilities in New Jersey. The facilities are located in both the northern and southern regions of the state. [Read More]

Penske Automotive Group acquired two Wisconsin dealerships this week, Jon Lancaster Toyota Scion and Lexus of Madison. The company said the acquired dealerships are expected to contribute annualized revenues of approximately $130 million. The Toyota dealership is located in east Madison and operates on 10 acres with approximately 70,000 square feet of facilities for sales […] [Read More]

SmartAuction, Ally Financial’s online used vehicle auction, announced an agreement today with vAuto’s Auction Genius, a Web-based auction software solution for dealers. The agreement provides registered SmartAuction dealers with a window to SmartAuction’s vehicle listings in the Auction Genius dashboard. Featuring a simple combined screen view, dealers using Auction Genius can quickly evaluate more vehicles […] [Read More]

IntelliChoice.com announced its 2013 Certified Pre-Owned awards Tuesday afternoon at Used Car Week, and receiving the Best Popular CPO Program Award was Hyundai, while Volvo took honors as the Best Premium CPO Program Award winner. Hyundai has won the popular category two years in a row, and Volvo extended its streak of premium category wins […] [Read More]

Snow filled the Washington sky on that November morning, but it didn’t keep DAA Northwest from holding its first-ever sale. The auction didn’t end up selling much that day (less than a dozen, DAA says), but perhaps the real triumph was that the DAA Northwest team managed to dig the vehicles out of snow banks, […] [Read More]

Used-car pricing trends, residual values, the salvage auction market, consignment activity. Government regulation and compliance, emerging technologies, the forwarding model, collections and skip-tracing. These are just some of the topics of discussion on tap for Day 3 of Used Car Week as both the National Remarketing Conference and Re3 event kick off. With NRC and […] [Read More]

General Motors Financial on Tuesday announced alliances with both OPENLANE and DataScan Field Services to support a new online remarketing program for off-lease vehicles. The GM Financial DealerSource program is designed to be used by GM dealers when leased vehicles financed by GM Financial begin to come off of a lease. GM Financial launched its […] [Read More]

Auction Edge said on Tuesday that it tapped the former director of auction systems at Manheim to be its general manager of auction systems Taking on the role within the division that includes the ASI business line based in North Carolina is Watson McClam. “Watson brings decades of highly relevant experience to Auction Edge,” said […] [Read More]