The trend continues. Luxury units remained hard to find this past month, especially certified pre-owned units, according to AutoTrader.com. October’s installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com, showed nine out of the top 10 nationally scarce CPO models are in the luxury segment. This has been the trend […] [Read More]

Along with offering its take on what Hurricane Sandy did to a typical wholesale price slowdown during the fourth quarter, Kelley Blue Book put out its projections for where prices might go during the first quarter of next year. KBB senior market analyst Alec Gutierrez — one of the many experts on hand at Used […] [Read More]

Experian Automotive announced Wednesday that Porsche Cars North America retained the company as the provider of vehicle history reports for the automaker’s certified pre-owned program. As part of the renewal agreement, Porsche also will include Experian Automotive’s new three-year buyback protection. The new program is designed to protect customers purchasing a Porsche CPO vehicle against […] [Read More]

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]