As Auto Remarketing Conferences continues to put together agendas for 2012 Used Car Week, one coming together quickly is the second-ever Re3 Conference, which is scheduled for Nov. 14. Organizers recently revealed the day-long event that delves into the recovery, repossession and remarketing fields, will include an opening general session titled, “The State of the […] [Read More]

In looking back at the first half of this year, as well as the second quarter, specifically, Penske Automotive Group had double-digit revenue rises to report, along with significant growth in both new and used sales. For the second quarter of this year, revenue increased 19.2 percent to $3.4 billion, and for the first half […] [Read More]

This week, a couple of dealer groups announced new ways they are working to give back to the their communities. First up, Atlanta-based Jim Ellis Automotive said it will be sponsoring the 2012 Jim Ellis Charity Golf Tournament on August 26, at the Chateau Elan Golf Club in Braselton, Ga. The event will benefit various […] [Read More]

It was announced this week that an executive from Volkswagen Group of America has been named “Woman of the Year” by the National Association of Minority Automobile Dealers. The recipient of the award, Machelle Williams — general manager of organizational development and diversity, human resources  at VW Group of America — was selected for her […] [Read More]

In reviewing last week’s activity in the wholesale lanes, Black Book’s Ricky Beggs noticed something that had not been spotted in two months. Speaking about the 14 used-truck categories that Black Book monitors, Beggs noted that “the compact pickup trucks actually increased by $12. This is the first positive movement change in the past nine […] [Read More]

Although late-model vehicle pricing on Cars.com was down just moderately from June to July, an entry on the site’s Kicking Tires blog pointed out a few models whose asking prices dropped significantly. More specifically, the late-model car whose asking price on the site dipped the most was the Saturn Aura, according to the report written […] [Read More]

In his latest look at broad economic indicators that might eventually sway auction and dealer activity, Manheim’s Tom Webb used the “R” word — recession. The Manheim economist pointed out that U.S. retail sales fell 0.5 percent in June, marking the third consecutive monthly decline as federal officials issued revisions. “The last time that happened, […] [Read More]

More than 200,000 Hyundai crossovers and sedans are being recalled, according to announcements from the National Highway Traffic Safety Administration. The separate recalls are both associated with the models’ air-bag systems. Federal officials indicated Hyundai is recalling the Santa Fe from the 2007 through 2009 model years for a total 199,118 units. These vehicles manufactured […] [Read More]

As the online auto market constantly evolves, creating a non-traditional brand of buyers, a new program for dealers is designed to help meet their needs. eBay Motors, which reports sales of more than 4.55 million new and used vehicles to date, announced Monday the launch of the eBay Motors eDealer Certified Consultant program, as an […] [Read More]

Team work, cars and the Rock & Roll Sale — members of Auction Academy’s inaugural class met for their second training session earlier this month and learned about all three. The students are part of a two-year training and development program for the sons and daughters of today’s independent auction owners, with sessions held quarterly […] [Read More]