Manheim has announced the selection of two new leaders within the company, hiring an industry veteran who most recently worked at Nissan, and promoting another from within. Named general manager of Manheim San Francisco Bay is Tina Novoa, while Jay Waterman has been named general manager of Manheim Albany. Both will assume their new roles […] [Read More]

Edmunds.com is expanding its “Hack Days” program to invite auto industry professionals in to share their ideas on improving the car-buying experience for dealers, consumers and automakers. Edmunds.com has set the date for this two-day “Hackathon” as Nov. 29–30. It will be at the company’s Santa Monica, Calif., headquarters. Industry insiders and other innovative thinkers […] [Read More]

Consumers might take advantage of falling rates and get themselves into a new ride, as prices for both new and used units are sliding, according to Kelley Blue Book. And going against the normal trend, even as fuel prices spike, hitting above $4 per gallon in many parts of the country, the prices of used […] [Read More]

Modestly softer demand in recent months is not an indication that consumers are no longer hungry for used vehicles, according to NADA Used Car Guide. It's quite the contrary. In the latest Guidelines report, senior analyst Jonathan Banks says “numerous indicators suggest that consumer demand for used vehicles continues to grow, albeit at pace slower […] [Read More]

In light of an economic recovery that’s still modest, Kelley Blue Book insisted luxury vehicle values have been hit especially hard during the past several months as new- and used-model values have steadily declined. Seen as consistently underperforming their non-luxury counterparts, KBB calculated that values of used luxury vehicles dropped by 1.7 to 2.5 percent […] [Read More]

The top four most-researched used models at NADAguides.com during August were the same for both this year and last year. Analysts indicated this group included two pickups and two midsize sedans with the Ford F-150 topping the August used search chart each time. Next on the list was the Chevrolet Silverado 1500, followed by the […] [Read More]

In the first half of 2012, it seems shoppers were in the market for midsize vehicles, with the Toyota Camry topping the list of best-selling new vehicles, according to Experian Automotive’s latest vehicle registration analysis. The used Camry was popular as well, selling approximately 394,000 units in the first half of the year. On the […] [Read More]

The annual ADESA Boston Classic Car and Motorcycle Run, now in its 12th year, will be held this Sunday, Sept. 16 in Massachusetts. The fundraising event has raised hundreds of thousands of dollars in charitable donations over the years, ADESA reports, and today boasts more than 200 motorcycles and 100 vintage vehicles in its 30-mile […] [Read More]

WASHINGTON, D.C. — Along with a bruised credit history, sometimes subprime buyers — especially ones who might be doing business with buy-here, pay-here dealers — might not even have a bank account, a trend the Federal Deposit Insurance Corp. says is on the rise. The FDIC today released the results of its 2011 National Survey […] [Read More]

DETROIT — Ally Financial is launching Ally Balloon Advantage in New York and California this week as part of its broad set of financing options for dealers to turn both new and used models. The company plans to make the product available in other markets across the United States in the coming months.   Management explained […] [Read More]