Though projected to improve year-over-year, used sales for July are likely to be softer than where they were a month ago, according to TrueCar. The company suggested Thursday that the second half of 2011 could be rather challenging for the overall car market. More specifically, TrueCar is forecasting 4.05 million used sales for July, which represents […] [Read More]

As overall wholesale prices softened again last week, Black Book’s Ricky Beggs cautioned dealers who are watching the lanes and their laptops that exceptions still remain. Beggs explained these exceptions are particularly noticeable even as 2012 models begin to arrive on dealer lots. “Even though the overall changes represent a market that continues to ease […] [Read More]

If the tentative second-quarter and first-half global performance report released Thursday is any indication — with year-to-date revenue up more than 20 percent and net profit up 41 percent — Hyundai’s surge appears to be rolling along. However, what may pose a “threat” to Hyundai’s snowballing momentum in the new-vehicle market are the upcoming launches […] [Read More]

Flint Auto Auction recently celebrated its 58th anniversary, and more than 900 dealerships attended the celebration. The event featured consignment of 1,578 units, including vehicles from Ally Auto Remarketing, TD Auto Finance, Avis/Budget Group, Enterprise and Santander USA. Concluding the sale was a jackpot drawing for $2,200 in cash. “As we approach nearly six decades […] [Read More]

Stay tuned. Decisions are near. That, in a nutshell, is the message Sergio Marchionne gave this week when talking about the yet-to-be-announced plans for the leadership of newly aligned Chrysler and Fiat. With rumors swirling this week about how the management structure will shake out and when it will be revealed, the chief executive officer cleared […] [Read More]

The 2011 National Remarketing Conference, which will be held Nov. 16-18 in Las Vegas, has been adding new speakers to its agenda, and it was recently announced that the keynote panels for the first and second days of the conference have been finalized. [Read More]

In addition to announcing several record-setting production and sales results for June and the first half of this calendar year, as a part of touting its recovery from the Japanese natural disasters, Nissan Motor Co. determined its first-quarter operating profit for the 2011 fiscal year totaled 150.4 billion yen, which equals $1.84 billion or 1.28 […] [Read More]

AiM, a new- and used-vehicle inspection services company, announced Wednesday the launch of a grading system to help customers easily determine the quality and condition of a car or truck. The grading system is based on AiM’s used-vehicle inspection report and AutoCheck Score history report. “Determining which 2010 Ford Mustang or 2009 Nissan Altima to […] [Read More]

OPENLANE’s repossession business is soaring. Officials revealed this week they have experienced a 250-percent growth in repossessed vehicle sales and a 75-percent sell-through rate in their recovery remarketing program since January. OPENLANE also highlighted that it has seen a 94-percent increase of recovery companies registered to support sales for their financial lender clients since January, […] [Read More]

With the Dodd-Frank Wall Street Reform and Consumer Protection Act becoming effective last week, dealers now have a few steps they must take when it comes to disclosing credit-score information in Adverse Action Notices. As such, DealerTrack has upgraded its Performance Suite so that dealers can remain compliant with the act. Basically, the act expands […] [Read More]