The buying fever faded a bit in the auction lanes this week, according to John Brasher of Brasher’s Sacramento Auto Auction. He noted in the post-sale report from the auction’s Jan. 15 sale:“The strong market continued, but I must say it wasn’t the fever pitch it was last week. Last week was the first full […] [Read More]

With the Super Bowl now less than two weeks away, Cars.com offered dealers a teaser of the spot set to be shown during the first quarter of the NFL’s championship game that annually is one of the most watched events on television. Site officials said they “will bring drama” to Super Bowl XLVII, which this […] [Read More]

Direct Auction Services announced today it has named a president. Appointed to the position is David Young, who was most recently senior market vice president at Manheim, where he headed up auction operations in South Texas and the Gulf Coast. “We are delighted to welcome David Young to the Direct family of businesses as the […] [Read More]

This past month, certified pre-owned full-size trucks may have gotten a bit harder to pick up for dealers and consumers, alike. This is just one of the findings that popped up in the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com. The auto industry saw what AutoTrader called […] [Read More]

Education — either at the family dealership, association training program or through experience in unrelated industries — all helped these potential award winners to successful auto sales and management careers. In the first group of profiles of nominees for theTIME Dealer of the Year Award, these store executives all share what’s important to them — […] [Read More]

The prospectus connected with a $1.25 billion offering of automobile receivables-backed securities Santander Consumer USA rolled out earlier this month showed contracts involving Dodge vehicles constituted the highest percentages of receivables and outstanding principal balances within the deal. Future regulatory filings might outline an even higher percentage if Santander reaches a deal to be the […] [Read More]

Honda is recalling approximately 748,000 model-year 2009 through 2013 Pilot and 2011 through 2013 Odyssey vehicles in the United States and another 29,000 units in Canada. The recall stems from the need to inspect and if necessary replace the driver’s side airbag. The OEM explained driver’s-side airbags in these vehicles potentially were assembled without some […] [Read More]

Late last week, TrueCar.com revealed its annual Performance Scorecards, announcing what it sees as the “best manufacturers and brands” for 2012. Overall, the top manufacturers for the 2012 Annual Performance Scorecard were Subaru, Toyota and Jaguar Land Rover. Further explaining why these brands, in particular, topped the charts, Kristen Andersson, analyst at TrueCar, told Auto […] [Read More]

Following its success with monthly sales at the Florida auction, Westlake Remarketing  will hold sales at Sanford Auto Dealers Exchange twice each month. This was announced by auction owner Michael Tumminello. [Read More]

Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — Despite a bit of a dip as 2012 closed, Chase Auto Finance finished the year with a double-digit climb in auto originations. The company recently reported originations jumped by 11 percent to $23.4 billion, up from the $21.0 billion Chase generated in 2011. Chase […] [Read More]