With authorities receiving 12 complaints of engine compartment fires, Mini Cooper S vehicles from model years 2007 and 2008 are being examined by the National Highway Traffic Safety Administration’s Office of Defects Investigation. The investigation involves 36,000 units across the following models: 2008 Mini Cooper Clubman S 2007–2008 Mini Cooper S 2007–2008 Mini Cooper S […] [Read More]

NADAguides released a list of vehicles it thinks consumers in the market for a new car should make sure to take a look at this season.  The company has picked a collection of domestic and foreign vehicles, as well as some luxury units, to spice up the list that  includes the 2012 Buick Enclave, 2012 […] [Read More]

Although the overall supply of used units is still restricted — largely due to sluggish new-car sales from the recessionary years — it seems that a flood of end-of-term fleet vehicles has led to some alleviation in wholesale pricing lately, according to ADESA’s Tom Kontos. In fact, the average wholesale price in September was $9,750, […] [Read More]

Although Hyundai still held its perch atop the industry for brand loyalty in the third quarter, its customer allegiance declined by more than 4 percentage points, and the automaker now has a Japanese company nipping at its heels, according to Kelley Blue Book. Hyundai commanded 48 percent loyalty on Kbb.com, which was off 4.4 percentage […] [Read More]

Cherokee Automotive Group announced earlier this week that it has extended the early registration discount for its upcoming Used Car Week Conferences — the National Remarketing Conference, the CPO Forum and the Re3 Conference — which will be held Nov. 14–18 at the Red Rock Casino, Resort and Spa in Las Vegas. [Read More]

Following similar trends as July and August, the Dataium Automotive Shopper Intensity Index rose significantly last month, moving higher by almost 8 percent. The index climb, showing potential for an increase in retail sales in the next few weeks, bodes well for dealers and manufacturers — particularly Chrysler and Infiniti. Conversion rates or leads per […] [Read More]

TrueCar.com’s Performance Scorecards released Monday revealed big moves from one Japanese automaker as Honda moved into a tie for second place with Hyundai for highest grade by manufacturer. Subaru edged the two out, taking first place with an A+. Interestingly, even with production struggles stemming from the recent natural disasters in Japan, Honda also made […] [Read More]

Manheim Specialty Auctions and Total Resource Auctions revealed Monday that they have renewed their exclusive deal as remarketers for Coca-Cola. They are also holding a special Super Sale today where 200 heavy truck and equipment units from the beverage company will be up for bidding. Although the sale will be hosted by Manheim Georgia, the […] [Read More]

Asbury Automotive Group revealed Monday that it has secured a new $900 million five-year syndicated credit facility that it will use for new- and used-vehicle inventory floor plan financing and general corporate purposes. The facility includes nine financial institutions and five automaker-affiliated lenders. [Read More]

CHICAGO — CIVC Partners, a Chicago-based private investment firm, recently joined with management and existing shareholders to acquire Honor Finance. In conjunction with this announcement, Honor revealed it has secured a new line of credit from Wells Fargo Preferred Capital. Officials recapped Honor Finance, based in Evanston, Ill., is a specialty finance company that originates, finances and services […] [Read More]