DALLAS — With auto affordability improving in the fourth quarter of last year, dealers may see an influx of shoppers on their lots who had held off buying a new vehicle due to rising prices. According to Comerica Bank, the purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income […] [Read More]

TORRANCE, Calif. — It appears Honda may be facing a serious monkey wrench to the proposed class-action settlement in a case involving hybrid vehicle owners suing the automaker for allegedly misleading them about fuel efficiency. After a small claims case judgment just shy of $10,000 was won by Heather Peters — who elected not to […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced today the introduction of the Compliance Dashboard, a free tool that can provide dealers a visual assessment of the store's compliance status for all applicable deals. RouteOne pointed out dealers also may track compliance at both a dealership and transactional level. The company went on to highlight the dashboard […] [Read More]

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]