The International Automotive Remarketers Alliance has brought in yet another member to the group. Added to the list of consignors in the alliance is Porsche Cars North America. Another recent company to sign on to IARA is Dealer Services Corp. of Indiana, which joined Sept. 9, as reported by Auto Remarketing. “Porsche Cars North America […] [Read More]

Reading, hiking, football, singing. These are just a few of the things that come to mind when thinking about what is traditionally considered a hobby. But for extreme General Motors fan Gary Monn, his hobby is a little harder on the bank account. For Monn, buying cars is his pastime of choice, according to a […] [Read More]

Lease penetration may have dipped modestly year-over-year and sequentially during September, but that doesn’t indicate a weak market. What caused the slight dip in leasing rates, J.D. Power and Associates’ Thomas King told Auto Remarketing, was a combination of two things. For starters, segments that are more lease-centric saw their market share dip in terms […] [Read More]

Almost one in three luxury vehicle owners have a more negative attitude toward purchasing another luxury model, a recent survey by global research firm TNS confirmed. Why are these owners so cautious? Along with changing brand and performance perceptions, TNS found that with the unknown future of the European debt crisis, continued economic concerns throughout […] [Read More]

To coincide with more 2012 models hitting dealer lots, AutoTrader.com examined its new-vehicle site activity and found the compact car segment has gained considerable increases in consumer interest. At the other end of the price spectrum, the AutoTrader.com New Car Insights Report for September showed luxury vehicles are gaining ground with notable new-model rank improvements […] [Read More]

For auction executives and dealers looking ahead to what might be happening within the industry, the economy and beyond, the National Auto Auction Association is assembling a free Webinar to provide some answers. The session titled, “Up, Down, Or Sideways — What Next for the Economy and Motor Vehicles?” is scheduled for 2 p.m. ET […] [Read More]

The recent surge in wholesale prices apparently isn’t over, but the near future is likely to see an extended slowdown in values, according to the RVI Group. Following what the firm believes will end up being a 14.1-percent year-over-year increase in the RVI Used Car Price Index for full-year 2011, wholesale prices are projected to […] [Read More]

Taking the results of a recent survey of 6,000 active users of AutoIMS’ inventory management system into account, the company revealed Wednesday its plans to offer mobile applications on the Android platform, set to release mid-fall, as well as increased functionality for popular mobile Web browsers. The survey revealed that Android — which will be […] [Read More]

CarGurus has rolled out a new version of its DealFinder shopping tool that has been enhanced to include ratings of dealerships by users. As most likely know, DealFinder takes available car listings and ranks them based on which ones offer the best deals. Since user ratings of dealerships have been integrated into the search algorithm, […] [Read More]

WASHINGTON, D.C. — The Federal Reserve still hasn't restarted its monthly look at trends associated with new-vehicle loans generated by finance companies, but officials did offer August data about contracts from commercial banks. The Fed determined the average interest rate on a 48-month, new-vehicle loan from a commercial bank came in at 5.94 percent. On […] [Read More]