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]

Recently revealed, Harley-Davidson is giving its female fans from all over the world a chance to speak out about their experiences with the iconic motorcycles. With its new interactive website the Buzz Wall, women can share their stories about “why ride or why they want to learn to ride,” the company explained. [Read More]

When the winner of the 2012 World Automobile Auctioneers Championship was awarded, it marked a historic day for the 24-year-old competition. Becoming the first woman ever to take the World Champion title was Cheri Boots-Sutton of Belton, Mo., who competed 10 times before taking home the top prize this year. Her win came with a championship trophy, […] [Read More]

Both retail and wholesale gains as well as strengthening performance of its finance division all combined to push CarMax’s fiscal year net earnings higher by 10 percent, according to the company’s financial report released late last week. CarMax’s fiscal year 2012 net earnings came in at $413.8 million or $1.79 per diluted share, up 10 […] [Read More]

The National Independent Automobile Dealers Association announced last week that it has chosen an administrator for its all-new NIADA Certified Pre-Owned Vehicle Program. Tapped for the role was  Warrantech, an AmTrust Financial Services company. Warrantech, a provider of extended service contracts for the automotive industry will “administer the plan, handle and address all post-sale customer needs, […] [Read More]

Though there has been much discussion regarding whether new national gas-mileage and emissions standards will help or hurt the automotive industry, a new report contends that automakers are set to make “billions more dollars in profits.” [Read More]