If consumers take advantage of the latest used-vehicle pricing trend spotted by NADA Used Car Guide, dealers may soon see their trade-in supply increase sharply. Prices on trade-ins are projected to crest in the next few weeks before used-vehicle prices move downward in June and July, according to NADA Used Car Guide, which projects the […] [Read More]

Repo Remarketing’s customer survey showed that never in company history has satisfaction with its services been higher. The most recent study conducted in March revealed that 96 percent Repo Remarketing’s customers are satisfied with the services and deliverables. In fact, the survey indicated 45 percent were “extremely satisfied.” Repo Remarketing founder and chief executive officer […] [Read More]

While the selection of hybrid models in the U.S. has more than doubled since 2007, Polk discovered this week that only 35 percent of hybrid vehicle owners choose to purchase a hybrid again when returning to market in 2011. If repurchase behavior among the high volume audience of Toyota Prius owners isn’t factored in, Polk […] [Read More]

Just last week, at the Barrett-Jackson Palm Beach auction, one special unit was sold not once, but twice. The sales of the wrapped special-edition 2011 Ford Shelby GT500, signed by veterans, their family members and supporters, raised $1,000,200 for Wounded Warriors Family Support. [Read More]

This week, Cars.com selected RoadLoans.com as its exclusive lender for its online customers looking to get pre-approved auto financing as part of their shopping experience. Potential buyers who visit Cars.com, newcars.com or pickuptrucks.com will have the option to select financing as part of their search for a particular vehicle. Once at the Car Financing Center, […] [Read More]

Last year was the strongest ever for the certified pre-owned market, but it appears that dealers haven’t wasted any time making 2012 another record-breaker. CPO sales last month were the highest they have even been in any month (March or otherwise), capping what was the best quarter of all time, according to Autodata Corp. In […] [Read More]

Sales of used vehicles by National Auto Auction Association members last year totaled 7.7 million units worth $73 billion, according to the organization’s 15th annual survey revealed on Monday.  The survey determined the number of vehicles entering the auctions decreased by 1.6 percent to 13.7 million, and the percentage of units sold was down 3.5 […] [Read More]

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]