Chrysler celebrated a landmark sale in its certified pre-owned program last month when a Chicago-area woman became the 1 millionth Chrysler CPO customer. Back in September, Jessica Taskay — who is 21 years old, hails from Lockport, Ill.,  and works as a kennel manager — bought a certified 2010 Jeep Patriot Sport at Bettenhausen Motor […] [Read More]

The wholesale market experienced far-reaching declines in vehicle values last month, according to NADA Used Car Guide, which attributed the sweeping price drops to a trio of factors. Analysts said a combination of seasonality, rental fleet volume increases and slowing demand for fuel-friendly rides helped drive the widespread sequential drop in wholesale prices. [Read More]

While explaining how Hyundai Motor Group topped the industry in corporate loyalty for the first time, Experian Automotive revealed more data that showed the depth of the impact the Japan earthquake and tsunami had on second-quarter new-vehicle market trends. During a Webinar this week, Experian director of consulting and analytics Jeffrey Anderson made noteworthy contrasts in new-vehicle […] [Read More]

Industry groups, dealers and analysts, as well as Ford’s Alan Mulally, all applauded this week’s congressional action to push the United States–South Korea Free Trade agreement that has awaited ratification since it was approved by both countries in 2007. In a study requested by the Senate, the United States International Trade Commission found KORUS will create […] [Read More]

Online car shopping site PSCars.com revealed earlier this week a new service it claims will make personalized car shopping easier. Utilizing the idea behind hiring an auto broker, the site now pairs users looking for a new car with PSCars.com specialists. With no fee attached, the company’s specialists will regularly email potential buyers offers on […] [Read More]

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]