Success of Korean automakers in challenging Toyota and Honda in the new-vehicle market appears to also be spilling into the certified pre-owned arena. AutoTrader.com discovered Hyundai captured five of the top 20 spots for CPO “Big Movers” in September. That finding came as a part of the Used/CPO Car Insights Report, which provides analysis of […] [Read More]

Along with offering his monthly look at the specialty markets, Black Book’s Ricky Beggs indicated last week was a busy one for the editors because of how many vehicles they adjusted per day. While not quite reaching the near-record figure of 2,625 per day for the week ending Sept. 16, Black Book averaged 2,078 vehicles […] [Read More]

As the flooding in Thailand continues, automakers with plants in the area, as well as suppliers, are being forced to reevaluate their production schedules, and in some cases, suspend it entirely. Honda and Nissan were two of the manufactures to provide updates on production levels this week due to the natural disasters. [Read More]

The National Highway Traffic Safety Administration revealed three different recalls by one domestic and two European automakers, covering more than 85,000 vehicles. The largest of the three is for the 2012 Chevrolet Equinox and GMC Terrain. NHTSA officials indicated General Motors is summoning 33,964 units manufactured between July 18 and Sept. 6. These vehicles failed […] [Read More]

AutoAlert,a data analytic and lead generation tool provider, revealed Monday it has been issued  two new U.S. patents that adress extended functionality of its lead-generation solution — which identifies a dealership’s existing customers whose vehicles and vehicle histories make those owners “hot prospects” for additional sales opportunities, the company explained. [Read More]

While revealing some highlights from its 2011 fiscal year, as well as providing its first-ever Corporate Sustainability Report — which details the company’s commitment to economic, social and environmental sustainability — Enterprise Holdings also announced that it saw double-digit growth in worldwide revenues from 2010. For its fiscal year ending July 31, the company posted […] [Read More]

Mid–South Auction wanted to help Stewpot Community Services, an organization in Jackson, Miss., that shelters the homeless and feeds the hungry. So last week the auction began a program it dubbed the Brown Bag Project. General manager Bob Sullivan urged dealers to return special program bags filled with recommended items. The filled bags can be […] [Read More]

CARY, N.C. — As final preparations are made for the Used Car Week Conferences, which will be held Nov. 14–18 in Las Vegas, it was announced the special conference room rate of $200 expires today and cannot be extended. Bill Zadeits, conference co-chair,  also noted that rooms at the hotel, the Red Rock Casino, Resort […] [Read More]

WASHINGTON, D.C. — Revealed late last week, Ford Motor Credit’s president has been installed as the American Financial Services Association’s 2011–2012 chair. John Noone was appointed to the position during the association’s 95th annual meeting in the nation’s Capitol. Commenting on his new position, Noone said, “The financial services industry is rebounding, but still faces […] [Read More]

CLEARWATER, Fla. — With more location growth on the horizon, Nicholas Financial enjoyed a record second quarter, generating a 39-percent increase in net earnings. The company recently reported its second-quarter net earnings figure rose to $5.520 million from $3.982 million. As a result, Nicholas Financial's per share diluted net earnings spiked 35 percent to 46 […] [Read More]