Volkswagen of America recently shifted one of its parts and services executives to serve in the role of region director to oversee the OEM’s franchised dealers in the Northeast. Tapped for the position is David Durant, who will be based in Woodcliff Lake, N.J. In his new role, Volkswagen explained Durant will be responsible for managing and […] [Read More]

Sonic Automotive declared today that the company’s used-vehicle department posted record annual sales volume in 2011 as used-vehicle volume climbed 11 percent for the quarter and 14 percent for the full year. The used-vehicle performance helped Sonic generate fourth quarter adjusted earnings from continuing operations of $25.4 million for a 46-percent increase over the prior-year […] [Read More]

With regulatory changes affecting the collections and credit risk industry coming, organizers of the 16th annual National Collections & Credit Risk Conference are gearing up for one of its most relevant sessions ever. This year’s event is scheduled for March 14–16 at the Hyatt Regency New Orleans in New Orleans. Conference attendees can learn best […] [Read More]

Stemming from what its lead analyst said was conservative lending activity, Experian Automotive determined repossession rates and average charge-off amounts all dropped year-over-year as the fourth quarter closed. The overall repo rate slipped 5.8 percent to 0.63 percent, the lowest level of the past two years. Experian indicated the overall rate stood at 0.67 percent […] [Read More]

The reasons for the various brand discontinuations at Big 3 automakers in recent years differ from nameplate to nameplate, and the used value results from these wind-downs have been a mixed bag as well. In light of this, ALG set out to project the fallout for recently discontinued Saab, which the firm contends may have […] [Read More]

The latest Hot Car Report from Kelley Blue Book is what analysts called a “mixed bag” since the new model gaining the most traction on their website isn’t from one of the larger automakers or have a gasoline engine. Posting a week-over-week shopping activity gain of 93.9 percent was the Mitsubishi i, the Japanese OEM’s […] [Read More]

2011 was a banner year for used-vehicle sales and 2012 may produce the same profitable results. While the rest of the economy has struggled, remarketers have thrived. They’ve taken advantage of the undersupply of both new and used vehicles.  Even as the third quarter saw fluctuations in this elevated market, prices were still 3.4-percent higher […] [Read More]

The National Highway Traffic Safety Administration recently detailed a trio of late-model crossover recalls, two by Nissan and another by Porsche. The first from Nissan North America covers a total of 79,275 units, including: —2011-2012 Infiniti M —2011-2012 Infiniti QX —2011-2012 Nissan Juke The OEM is asking owners of these vehicles to take the units […] [Read More]

Jaguar revealed Monday it is launching a new global brand direction and marketing campaign, which aims to introduce the British brand to consumers in a “new, modern context.”  Jaguar revealed Monday it is launching a new global brand direction and marketing campaign, which aims to introduce the British brand to consumers in a “new, modern […] [Read More]

Revealed recently, DARCARS Automotive Group has been presented with the Certified Female Friendly Customer of the Year Award for 2011, which celebrates a business that has provided an exceptional environment for female car shoppers.  Tammy Darvish, vice president of DARCARS Automotive, was presented with the award by Paula Lombard, president of WEXCO Industries/AutoTex Pink, and […] [Read More]