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]

SCOTTSDALE, Ariz. — General Motors Financial president and chief executive officer Dan Berce put a specific date on when GM dealers can use the company for their commercial needs, not just to finance subprime buyers. Berce told an investor gathering last week that GM Financial's goal is to launch a fully capable commercial services platform […] [Read More]