The certified pre-owned segment appears to have begun 2012 on the right foot in January, as sales continued to show year-over-year improvement and continue momentum from 2011, which was the best year in CPO history. Overall, there were 131,229 CPO sales in January, according to Autodata Corp. Despite this being nearly a 17-percent slide from […] [Read More]

Auto Remarketing learned Thursday that Mark Brunn has been named interim leader of Total Resource Auctions. Mike Langhorne, Manheim senior vice president and chief business development and operational excellence officer, said, “Bill Tiedemann is retiring from Manheim as group vice president of Total Resource Auctions at the end of this month. As a result of […] [Read More]

Though executives acknowledged on Thursday’s quarterly conference call that used-vehicle supply and pricing are likely to continue to be challenging, Group 1 Automotive celebrated a double-digit spike in fourth-quarter used sales on its way to achieving what was the most profitable year ever for the dealership group. Group 1 capped its best-ever year with a […] [Read More]

With a former presidential candidate coming onto the board of directors and the automaker’s chief financial officer, as well as its top product development executive announcing their retirements, Thursday marked a busy personnel day at Ford. First, the Blue Oval said that executive vice president and chief financial officer Lewis Booth and Derrick Kuzak, group […] [Read More]

With its latest feature, AutoTrader.com is looking to give dealers another way to attract shoppers to their lots and inventory. With the new Price Markdown feature, dealers can systematically subtract the amount of special offers from the price of their vehicles. “With this tool, dealers are able to more easily highlight the affordability of their new […] [Read More]

Earlier this week, the National Independent Automobile Dealers Association unveiled a program to offer health insurance benefits to its members. NIADA explained this new health insurance program can provide a wide selection of comprehensive coverage options, including PPO co-pay plans, health savings accounts, short-term health insurance and student health insurance and can save members up […] [Read More]

The Walter P. Chrysler Museum, in Auburn Hills, Mich., which celebrates the history of the Chrysler nameplate, recently revealed its new website. The nonprofit contends the new site includes “improved navigation, beginning with home page tabs and links from which all Museum programs, exhibitions and events, as well as Chrysler’s rich heritage, are directly accessible.” [Read More]

LAS VEGAS — CarFinance Capital LLC, a specialized provider of non-prime financing for auto dealers, announced that it has expanded its dealership services to provide incremental customer referrals from CarFinance.com, which offers direct lending to the less-than-prime consumer. The new program is designed to ensure dealer profits by providing loan-to-value ratios of up to 120 […] [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is gearing up not only for its annual conference, but also a special training session beforehand organizers are describing as "for attendees who want to excel in the BHPH business." NABD will hold a Dealer Academy at the Venetian/The Palazzo on May 14 through 16. In […] [Read More]

Alexandria, Va.— The first month of 2012’s bankruptcy rate shows signs of economic recovery and bodes well for the new year. This past month, total bankruptcy filings in the U.S. decreased by 14 percent year-over-year, according to data provided by Epiq Systems. Total bankruptcy filings totaled 87,946 in January, down from the January 2011 total […] [Read More]