NAPA, Calif. — Service contract provider AUL Corp. and subprime lender Ace Motor Acceptance Co. recently expanded their relationship to boost a program that's been available since 2009, Buy Here Pay Here in A Box. AUL and AMAC created a vehicle service contract program designed specifically for the AMAC BHPH in A Box program in […] [Read More]

RM Auctions, in association with Sotheby’s, will be offering  one of the world’s most famous private museums, the Milhous Collection, during a multi-day sale to be held February 24 – 25 in Boca Raton, Fla. “The result of over five decades of judicious collecting by brothers Bob and Paul Milhous, the extraordinary collection features an […] [Read More]

Insure.com, a resource for consumer insurance information and data, came out with a list that shows dealers and shoppers alike which 2012 vehicles are the least and most expensive to ensure. This year’s insurance bargain comes from a Japanese nameplate, with the Toyota Sienna LE stealing the No. 1 spot. On the other hand, the […] [Read More]

Reporting full-year and fourth-quarter results this morning, Asbury Automotive Group enjoyed a 78-percent lift in net income in 2011, a year where the retailer’s used-vehicle operations showed substantial growth. Asbury’s total used-vehicle revenue climbed 16 percent at $1.3 billion, with used retail revenue up 21 percent at $1.1 billion. These revenues stem from 55,805 used […] [Read More]

 It’s all about empowerment at Stew Hansen Dodge Ram Chrysler Jeep. To achieve the distinction of being Chrysler’s top certified pre-owned dealership, used-car director Doyle Miller has put the tools of CPO success in the hands of his employees. He makes sure everyone at the Urbandale, Iowa, store buys into the program, and pushes staff […] [Read More]

Pushed by the tight supply constantly facing dealers, by the time the first quarter is over, used-vehicle values could spike by as much a 3 to 5 percent, according to Kelley Blue Book. Then during April, used values are expected to plateau and stay consistently high for months, explained KBB’s Alec Gutierrez, senior market analysts of automotive […] [Read More]

Though the company refused to issue a statement or confirm to Auto Remarketing, news is now circulating that DuPont is accepting bids for its automotive paint division. Citing unnamed sources, the report that surfaced late last week indicates that the sale of this business unit could garner more than $4 billion. It was widely reported in October that DuPont had […] [Read More]

The proportion of positive value adjustments in the wholesale market has been relatively stable in recent weeks, according to Black Book’s Ricky Beggs, who has found the truck side of the market to be more consistent than cars. As for the number of adjustments, these have been climbing to significant heights. [Read More]

In the spirit of today’s holiday, CarMax revealed “what made the sparks fly” during the car shopping process, as well as the launch of a new Facebook contest that focuses on the love affair between consumers and their vehicle of choice. When asked what the leading factor was when deciding to buy a car, nearly […] [Read More]

In a battle of the sexes, Autobytel’s editor in chief and assistant editor went head to head in a battle to find the hottest cars for 2012. By price category, Michelle Naranjo, editor in chief, and assistant editor Jeffrey Ross picked from a wide variety of cars during the company’s Valentines Day fun. Independently of […] [Read More]