The certified pre-owned market closed the opening half of 2012 with the second strongest month of all time for CPO sales, according to Autodata Corp. Not to mention, June capped what was the second-strongest quarter on record, as quarterly CPO sales reached 462,116 units for a 3-percent year-over-year gain, the firm said Thursday afternoon. [Read More]

TrueCar confirmed to Auto Remarketing late Thursday afternoon that it has changed the three-year exclusive partnership it signed with Yahoo Autos last year. In a TrueCar/Yahoo statement, officials said TrueCar adjusted the deal between the two companies, making it a “non-exclusive, performance-based auto listings and content relationship.” [Read More]

In this installment of the Used-Car Market Intelligence Report series, Auto Remarketing tackles one of the more pressing industry concerns in recent years: used-vehicle supply (or often lack, thereof). While signs appear to be pointed in the right direction for dealers, finding enough used vehicles to fill their lots still can be a challenge. [Read More]

Maybe General Motors still “likes” advertising on Facebook after all. An online report earlier this week said the domestic automaker might resume its ad campaign on the social media site after stating back in May that it would stop advertising on Facebook because the exposure has “little impact on consumers’ car purchases.” Two people familiar […] [Read More]

Auctions in Motion announced four key management moves this week,  appointing a director of operations, general managers for two of its locations and a general sales manager. Starting with director of operations, AIM has promoted Jon Karasek to this position. He will head up all auction operations, overseeing areas including personnel, transportation and consignment. [Read More]

As AutoNation announced that June’s new-vehicle sales soared for the retailer by double digits year-over-year, the American International Automobile Dealers Association reported this past month’s SAAR pushed past 14 million. Driving higher than expected this June, the seasonally adjusted annual rate came in at 14.08 million units — up from 11.56 million a year ago […] [Read More]

RedBumper this week announced an upgrade to its mobile app, with the integration of Carfax Vehicle History Reports. Subscribing dealers will now have the vehicle reports automatically added to their apps once they run a Carfax report through the RedBumper platform. The company says the tool will help dealers manage inventories and determine which cars […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE SACRAMENTO, Calif. — With the Fourth of July falling during the middle of California's last legislative week before its summer recess, two lawmaker committees pushed ahead bills that would greatly regulate how buy-here, pay-here dealerships operate. After already gaining majority support from the Assembly's Banking and Finance […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE ALEXANDRIA, Va., and DALLAS — As the newest jobs report arrived today, new bankruptcy filings are trending toward levels not seen since before the recession started in 2008, according to the latest analysis from the American Bankruptcy Institute. In fact, total bankruptcy filings during the first six […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MASON, Ohio — Earlier this week, Security National Automotive Acceptance Co. made a financial pledge to USA Cares, a Kentucky based 501(c)3 nonprofit, charitable organization founded in 2003 to provide post-9/11 military families with financial and advocacy support.  SNAAC committed to give a total donation of $45,000 […] [Read More]