The National Auto Auction Association reported Thursday that its member auctions had sales totaling $81 billion in 2010. This figure represents the total worth of the 8.4 million used vehicles sold at NAAA member facilities. These numbers were reported in NAAA’s 14th annual survey, which was conducted by LarsonAllen. Discussing some other findings, vehicle entering […] [Read More]

Reporting on what it observed in the market for the fourth quarter, Experian Automotive said it hadn’t seen a scrappage-rate climb like this since Cash for Clunkers. Experian’s Vehicles in Operation Market Analysis showed the fourth-quarter scrappage rate for cars increased by 28.3 percent when compared to the third quarter of the same year. Meanwhile, […] [Read More]

OPENLANE’s U.S. Market Index continued a slight downward slide in February as the reading dipped to 115 — 1 percentage point lower than the previous month and 5 percentage points lower than the all-time high that was reached again in December. February’s mark still represented a jump from the year-ago figure. OPENLANE said its index […] [Read More]

As the certified pre-owned market has emerged more rapidly in recent years, it has given dealers another avenue to boost profits and also foster confidence among used-vehicle shoppers, who are often given greater peace-of-mind in making a used purchase. However, while MSN Autos acknowledged CPO models do provide more assurance — albeit “at a price,” […] [Read More]

After spending the third quarter in second place behind Toyota, Ford once again leads the list of most-considered auto brands, according to the latest Kelley Blue Book Market Intelligence Brand Watch study. Ford had held that spot for three straight quarters, beginning with the final quarter of 2009. Toyota regained its prior No. 1 ranking […] [Read More]

Similar to the act of a certain late-night comedic talk show host, TrueCar.com has unveiled a pair of Top 10 lists this week. The first list included the site’s Top Winning Cars for 2011 while the other highlighted its Top 10 fuel-efficient vehicles. Looking first at the list of Winning Cars, TrueCar.com described this compilation […] [Read More]

Autobytel emphasized its revenue and gross margin progress and new-vehicle purchase request increases despite the company taking operating and net losses during the fourth quarter and all of 2010. For strictly the fourth quarter, Autobytel reported this week that its operating loss totaled $3.2 million, compared with an operating loss of $1.1 million for the […] [Read More]

AuctionACCESS announced six new participating locations, including four in Texas. The new additions include Texas Lone Star Auto Auction in Carrollton, Texas; Big Valley Auto Auction in Donna, Texas; America’s Auto Auction of North Houston in Conroe, Texas; El Paso Independent Auto Auction in El Paso, Texas; America’s Auto Auction of Tulsa in Tulsa, Okla.; […] [Read More]

KAR Auction Services announced this week it will participate in two upcoming investor conferences, including the Credit Suisse 13th Annual Global Services Conference and the Barclays 2011 High Yield Bond and Syndicated Loan Conference. At the Credit Suisse event, Eric Loughmiller, chief financial officer and executive vice president, as well as Michael Eliason, vice president […] [Read More]

Carolina Auto Auction is celebrating its 21st anniversary with a special offering of more than $55,000 in cash and prizes. Prizes will include a 16-foot pontoon boat; top-of-the-line pop-up camper; kayaks, complete with vets, paddles and emergency equipment; and the ultimate camping package, including tent, cots, sleeping bags, grill, coolers, chairs and even a portable […] [Read More]