Prompted by a tough economy, consideration for certified pre-owned vehicles among new-car shoppers has widened, according to AutoTrader.com, which said this growth has helped drive record sales in the CPO market. Specifically, 60 percent of new-vehicle shoppers claim their willingness to consider CPO vehicles has gone up because of the economy, according to  end-of-2011 research […] [Read More]

As I’ve noted here before, I believe proxy bidding represents the “next generation” of used vehicle acquisitions at auctions. It’s far more efficient than physical trips to auctions and a complementary time-saver for vehicle buyers who monitor simulcast auctions. I’d promised in an earlier post to share data and insights gleaned from discussions with Manheim […] [Read More]

PAR North America has teamed up with vehicle transport provider CarsArrive to expand transportation services options for recovery agents while also offering them more revenue opportunities. The partnership allows recovery agents in PAR’s Preferred Agent Network to scan available transport load assignments in real time through CarsArrive. Instant notifications are also available to users via […] [Read More]

Revealed to Auto Remarketing Thursday, the owners of Carolina Auto Auction and Indiana Auto Auction — Henry and Patty Stanley  —will be executive sponsors of continuing education program developed by TPC Management Company for professionals in the auction industry Auction Academy’s initial course offering. [Read More]

Jumpstart Automotive Group unveiled a marketing insights book on Wednesday that it contends can help in automakers’ campaigns to better reach and influence car shoppers. The Jumpstart Automotive Insights Book 2010-2011 aims to accomplish this through the comprehensive two-year analysis in the publication that examines car-shopper trends and auto marketing data. [Read More]

Subaru of America revealed Thursday it has released a set of new iPad apps for some of its 2012 models. The Dynamic Brochure iPad apps for the 2012 Subaru Impreza, Impreza WRX/STI, Outback, Legacy and Forester are “fun and interactive consumer tools” the company contends. [Read More]

WOODCLIFF LAKE, N.J. — BMW Financial Services revealed it is offering a consumer promotion through its Ultimate Drive smartphone app. Now, iPhone and Android users can visit the app not only to check out well-known roads across America, but also to potentially score some cash to go towards a new 2012 BMW 3 Series. Through […] [Read More]

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WESTLAKE VILLAGE, Calif. — The market penetration of long-term financing deals reached a record level last month, according to J.D. Power and Associates, which found that 30.1 percent of retail sales in March included 72-month (or longer) loan terms. J.D. Power's Thomas King told SubPrime Auto Finance News' sister publication Auto Remarketing earlier this week […] [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America’s Car-Mart recently announced it has opened the doors to its 113th rooftop. Marking the second dealership for the chain in this Southern state, the new store is located in Tupelo, Miss. Commenting on the news, William Henderson, president and chief executive officer of America's Car-Mart, noted, "Tupelo […] [Read More]