Manheim’s Tom Webb believes dealer consignment vehicles are fetching record prices, and a California used car manager has no reason to doubt it. During his quarterly conference call on Monday to discuss the wholesale market, Webb revealed dealer consignment prices hit $10,400, what he said was “an all-time high.” Manheim Consulting research showed dealer consignment […] [Read More]

Thanks to the enhancement to the Lead to Show incentive solution that HookLogic announced today, dealers can now use the tool to offer incentives to shoppers visiting their websites or using their apps. “HookLogic’s new Web to Show Mobile solution coupled with our AutoHook suite of products mean we are able to influence car buyers […] [Read More]

National Highway Traffic Safety Administration officials announced the Ford Focus from the current model year is the latest vehicle to be recalled. A total of 140,310 units — the 2012 Focus that Ford manufactured from Aug. 1, 2010 through Oct. 18 — may have a missing seal in the wiring harness connector to the passenger […] [Read More]

Recently revealed, Harley-Davidson is giving its female fans from all over the world a chance to speak out about their experiences with the iconic motorcycles. With its new interactive website the Buzz Wall, women can share their stories about “why ride or why they want to learn to ride,” the company explained. [Read More]

When the winner of the 2012 World Automobile Auctioneers Championship was awarded, it marked a historic day for the 24-year-old competition. Becoming the first woman ever to take the World Champion title was Cheri Boots-Sutton of Belton, Mo., who competed 10 times before taking home the top prize this year. Her win came with a championship trophy, […] [Read More]

Both retail and wholesale gains as well as strengthening performance of its finance division all combined to push CarMax’s fiscal year net earnings higher by 10 percent, according to the company’s financial report released late last week. CarMax’s fiscal year 2012 net earnings came in at $413.8 million or $1.79 per diluted share, up 10 […] [Read More]

The National Independent Automobile Dealers Association announced last week that it has chosen an administrator for its all-new NIADA Certified Pre-Owned Vehicle Program. Tapped for the role was  Warrantech, an AmTrust Financial Services company. Warrantech, a provider of extended service contracts for the automotive industry will “administer the plan, handle and address all post-sale customer needs, […] [Read More]

Though there has been much discussion regarding whether new national gas-mileage and emissions standards will help or hurt the automotive industry, a new report contends that automakers are set to make “billions more dollars in profits.” [Read More]

American Auto Auction Group recently rolled out its 14th location, broadening its footprint in Florida. AAAG’s newest auction property is Your Auction of Pasco located in Holiday, Fla.  The new facility held its first sale on March 13 and will conduct weekly auctions on Tuesdays at 4 p.m. ET. AAAG founding member, director and chief […] [Read More]

Since Twitter sees domestic automakers utilizing the social media platform more, the company recently opened an office in the Motor City. Twitter spokesman Robert Weeks said the company will have a “handful” of employees in Detroit, according to a report from Reuters. Weeks indicated these employees’ efforts will be aimed at working with brands from […] [Read More]