Review site DealerRater celebrated its first decade in the business on Monday. And the company is also celebrating growth that has made them one of the largest third-party review website dedicated solely to automotive dealerships. The company was founded in Waltham, Mass., by its current president Chip Grueter.   [Read More]

A week after venturing into South America for the first time, Copart extended its global growth pattern on Monday by acquiring an operation in Germany. Officials said Copart acquired WOM Wreck Online Marketing Aktiengesellschaft located in Ettlingen, Germany, a leading European salvage vehicle auction platform primarily serving the insurance markets in Germany. Copart indicated the […] [Read More]

Both Ferrari and Ford are doing their part to provide aid to those affected by Hurricane Sandy. While Ferrari is auctioning off one of its highline units to support storm relief, Mississippi Ford dealers are sending supplies to help Staten Island, N.Y., communities damaged by the superstorm. [Read More]

With the deadline approaching at the end of the week to consummate the previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group, Hertz Global Holdings reportedly is making moves to gain federal approval. A Bloomberg report on Monday indicated Hertz agreed to sell more airport locations, […] [Read More]

Used Car Week officially begins today, getting the series of conferences rolling with the CPO Forum. Kicking off the action at 2 p.m. today are back-to-back series of concurrent workshops, which will dive into topics like online reputation, CPO price premiums, used-vehicle stocking strategies, maximizing auto shopper click data, third-party CPO programs, online trade acquisition […] [Read More]

DAA Northwest is reaching its 20th anniversary this week, and the ServNet auction is planning a two-day celebration. The auction will host its annual anniversary sale promotion on Wednesday and Thursday. Fleet/lease and select dealer consignment will be offered in the lanes on Wednesday afternoon, followed by a gala dinner party and fundraiser for DAA’s […] [Read More]

Kia and Subaru each had their best certified pre-owned months of all time in October, and they weren’t the only ones celebrating records last month. The CPO market posted its strongest October ever, and at least two brands did the same, as a litany of certified programs continue to achieve hearty numbers in what will […] [Read More]

Auto Remarketing will recognize Longo Toyota as its 2012 CPO Dealer of the Year later today during a special presentation at Used Car Week, which gets underway with the annual CPO Forum. Paul Faletti Jr., president and chief executive officer of award sponsor NCM Associates, will present the award to Greg Penske, chairman and chief […] [Read More]

Carcannon announced it has been selected by Volkswagen of America to provide certified pre-owned consultations to its dealers nationwide. Commenting on the news, Scott Weitzman, general manager of used-vehicle operations for Volkswagen of America, said, “We are pleased to work with Carcannon as we are well aware of its reputation for providing professional and thorough […] [Read More]

According to ADESA Analytical Services’ monthly look at wholesale prices by vehicle model class, prices in October averaged $9,742. The figure represented a 2.0-percent uptick compared to September, but a modest 1.4-percent softening relative to last October. ADESA found prices for trucks were up more than those for crossovers and cars “as they have already […] [Read More]