Though wholesale prices, overall, are still seeing declines, the drops may be slowing down, according to  the latest “Beggs on the Used Car Market” report. Guest presenter Tim West — the vice president and North American auction director at Black Book — explained, “As we take a look at the various segments of vehicles, the […] [Read More]

When you want to know what’s happening in the retail used-vehicle industry, it’s best to go directly to the dealer on the lot, and that’s exactly what a key session at the National Remarketing Conference will offer. [Read More]

Fifty-seven dealers from across the U.S. have been announced as nominees for the 2013TIME Dealer of the Year award, Ally Financial said Monday. Considered among the nation’s most successful dealers, these nominees also demonstrate a longstanding commitment to community service. In fact, a recent survey of U.S. dealers by Ally Financial found that more than […] [Read More]

When it comes to the under-35 age bracket of auto service customers, it seems the preference for communications is multi-platform, with dealer and provider advantage going to those who offer mobile apps.    DMEautomotive, in its second report on how customers prefer to be contacted by car dealers and service providers, released results on Monday […] [Read More]

Nissan is recalling just under 14,000 Altimas built this spring and summer to correct a potential issue with transverse link bolts and power steering rack bolts. According to a notice on the National Highway Traffic Safety Administration’s website, there are potentially 13,919 units from the 2012 and 2013 model-years that could be affected. The recalled […] [Read More]

Ford Motor Co. announced Monday that Mike Bannister, executive vice president and chairman and chief executive officer of the OEM's financial arm, Ford Motor Credit Co., has elected to retire effective Jan. 1. After 39 years of service, Bannister will be succeeded by Bernard Silverstone, who will be named group vice president and chairman and […] [Read More]

ServNet is set to hold its biannual Meet the Owners event next month in Southern California, where it will elect a new member of the board of directors, meet with remarketing executives and more. The group also noted that technology continues to be a major focus on these events. [Read More]

In recent months, used-car prices have declined more rapidly than the slowdown in new-car prices, according to Kelley Blue Book. As such, there is more space now between used prices and new prices than there was earlier this year. However, KBB’s Alec Gutierrez emphasized that the gap should stay narrow enough to “prompt consumer consideration […] [Read More]

This fall season may be bringing more shoppers to the lots to purchase a certified pre-owned pick-up truck, and AutoTrader.com officials suggest now may be a good time for shoppers to consider these full-size rides. Why? AutoTrader explained there is a “pretty big gap between the average price of new models and CPO models” on […] [Read More]

When gas prices rise, so does consumer interest in hybrid vehicles, according to Arthur Henry, manager of market intelligence and market analyst at Kelley Blue Book. In fact, Henry noted this concept “reigned true” this month, as used hybrid cars increased 10 percent in share month-over-month, what he called “a direct response to the recent […] [Read More]