Building upon the strengthening performance of 2011 new-vehicle sales in the U.S. and elsewhere, Polk on Tuesday predicted that this year’s worldwide new-vehicle sales should rise 6.7 percent. That estimated jump would push worldwide volume to 77.7 million vehicles. Polk analysts believe the global economy will weather the current European sovereign debt crisis, and consumers […] [Read More]

Along with revealing third-quarter financial performance, CarMax leadership announced plans to open dozens of more stores through 2016. Having rolled out two stores during the third quarter, CarMax president and chief executive officer Tom Folliard said, “We remain committed to investing in our long-term growth strategy. “We now plan to open 10 stores in fiscal […] [Read More]

Intended to provide a broad spectrum of vehicle content offerings, DealerTrack and Autodata Solutions recently entered into a joint venture agreement — one that involves the data solutions business of Chrome Systems. The result is Chrome Data Solutions, a partnership officials said will be owned equally by DealerTrack and Autodata Solutions, a subsidiary of Internet […] [Read More]

In the week leading up to Christmas, folks may have been more concerned about last-minute holiday gift shopping and college football than they were about buying cars, something that analyst Ricky Beggs believes led to a “slower than normal” wholesale market. In fact, given the limited activity in the auction lanes, the number of wholesale […] [Read More]

Close to 4,900 Chevrolet Sonics are being recalled for a possible missing brake pad in the vehicle, General Motors revealed Friday. The recall affects only 2012 model-year units and is limited to the U.S. and Canada. In the U.S., 4,296 units are included in the recall, which also covers 577 vehicles in Canada. GM is […] [Read More]

The Hyundai America Technical Center has appointed a chief designer for its Hyundai Design Center in Irvine, Calif.. Named to the position is Christopher Chapman, who has worked in vehicle design for BMW Group since 1994. In his new role, Chapman will head up new vehicle and concept design for the automaker. [Read More]

This holiday season, Toyota Financial Services and two of its auction partners decided to surprise 17 Boys & Girls Clubs with a significant donation. Partnering with ADESA and Norwalk Auto Auctions, TFS and the two businesses donated $302,620 to be shared among Boys & Girls Clubs in the cities the three companies operate. As part […] [Read More]

The online shopping high point of the year seemed to serve the automotive industry well, at least according to Swapalease.com. Nov. 28 — or Cyber Monday — showed shoppers searching for discounts on everything from clothes to electronics and even cars. Taking advantage of the influx of online shoppers, Swapalease.com’s staff noted that it discounted […] [Read More]

The National Highway Traffic Safety Administration recently revealed a trio of recalls involving models from Nissan and Ford, initiatives that involve more than 78,000 units. The largest of the three is connected with 2010 and 2011 Nissan Sentras, vehicles equipped with MR20 engines and manufactured from May 11 to 22 and July 8 through Oct. […] [Read More]

This is Cherokee Automotive Group’s last e-newsletter of the year. We are going dark for the holidays to have time to celebrate with our families. We will pick back up with Auto Remarketing Today on Tuesday, Jan. 3. We hope you have enjoyed the industry coverage from Auto Remarketing and SubPrime Auto Finance News in […] [Read More]