Two ADESA locations recently celebrated milestone anniversaries, and the company said these auctions “pulled out all the stops” to mark the occasions and show thanks to their customers. ADESA Fargo rang in 60 years of service with a record number of units running through the lanes during its “diamond” anniversary sale. Keeping in line with […] [Read More]

With an influx of Americans turning on the TVs to watch U.S. Olympians claim victories in areas including men’s swimming and women’s gymnastics, among others, how is this increased number of viewers affecting OEM advertising? Edmunds.com noted that many automakers are seeing substantial consumer interest spikes for units advertised during the games. [Read More]

As gas prices ticked up another two cents, NADA Used Car Guide’s analysis of wholesale prices showed the movements for compact and midsize cars continue to go in opposite directions. Analysts discovered that the midsize car segment is expected to see the biggest drops over the course of the current week as prices are expected […] [Read More]

Manheim saw mobile traffic to its website more than triple in the second quarter, and now a third of its customers use a mobile device to tap into Manheim.com. According to the Manheim 2012 Q2 Update released Tuesday, there were 4.76 million mobile visits to Manheim.com during the second quarter, up 368 percent from the […] [Read More]

In releasing its second-quarter results, Penske Automotive Group revealed record-breaking revenue growth, as well as double-digit rises in new and used retail sales. And some of these trends may be a direct result of improved inventory levels, which also spiked since the beginning of 2012. For the second quarter of this year, revenue increased 19.2 […] [Read More]

In its evaluation of the most-searched models on the company’s website, CarMax discovered that consumers appear to be gravitating toward trucks. During June, three of the top five most popular vehicles — including the Ford F-150, which was the most-searched vehicle on CarMax.com — were trucks. The Jeep Wrangler took the No. 2 spot and […] [Read More]

The International Automotive Remarketers Alliance this week announced its expansion into Canada, as a partner in the automotive remarketing community. Heading up the organization in Canada are two industry leaders who co-chair the IARA Canadian initiative: Steve Macaluso, director of corporate accounts with CarProof, and Lisa Scott, senior vice president at ADESA Canada. With the […] [Read More]

What cars most meet their owner’s expectations? According to the just-released 2012 Ideal Vehicle Awards, imports lead the pack. AutoPacific and Autobytel announced the awards on Tuesday, and the overall winner was the Mercedes-Benz S Class. By brand, Audi and MIini took the top spots as overall winners for premium and popular brands, respectively. Within […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} NEW YORK — As U.S. originations rose to the second-highest quarterly amount in five […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} WESTLAKE VILLAGE, Calif. — While a luxury European brand's captive finance company took several […] [Read More]