Used-vehicle sales in January are expected to show a year-over-year gain and approach 2 million units sold, according to TrueCar.com, which predicts new-vehicle sales will improve double digits. Specifically, TrueCar anticipates there will be 1.97 million used units moved by the end of January, representing a 5-percent year-over-year gain and a 30-percent sequential decrease. Officials noted […] [Read More]

On Tuesday, Hertz Corp. announced the launch of an online remarketing program that allows dealers to directly acquire high-quality rental units from the company. Hertz Dealer Direct is designed to offer these late-model units to dealers at “competitive prices” and doesn’t require a transaction fee. [Read More]

While Volkswagen led the way among manufacturers in Strategic Vision’s 2010 Total Value Index report, one of the biggest stories within the rankings is that for the first time ever, Ford performed better than Honda. Eight Volkswagen models (including the VW and Audi brands) were recognized for their Total Value scores in their respective segments, which is the […] [Read More]

To help consumers learn more about the automaker’s certified pre-owned vehicle program, Chrysler has brought in a dummy. A cartoon crash-test dummy, that is. “Carl,” the animated character, hosts an online auto-related pop culture quiz game called “What’s My AQ (automotive quotient)?” [Read More]

Now that a year has passed since Toyota’s highly publicized issues with unintended acceleration, Edmunds.com declared that some potential buyers are still avoiding the brand. Edmunds.com reported that the number shoppers using its tools to consider Toyota vehicles dropped 2.3 percentage points to 17.9 percent this past month compared with December 2009. Overall, Edmunds.com found that […] [Read More]

Web application development company AutoLookout says it brought in 21 independent auctions to its network last year and plans for the first two months of 2011 include five more facilities being added. In addition the new auctions being brought on board in 2010, AutoLookout said it showed growth in several other areas last year, as […] [Read More]

GE Capital Fleet Services recently found out just how much it saved customers last year. Officials said this week that the total savings for 2010 was $326 million. They added company-leased versus company-owned vehicles yielded the highest cost savings of more than $68 million. “Our strategic consulting team conducts an in-depth analysis of a customer’s […] [Read More]

The Most Valuable Player of Super Bowl XLV between the Green Bay Packers and Pittsburgh Steelers on Feb. 6 can leave with a sporty vehicle — just before it arrives in franchise dealer inventory. General Motors revealed the player who enjoys the best performance will receive a 2011 Chevrolet Camaro Convertible. A media panel and […] [Read More]

On the heels of making several major acquisitions, AutoTrader.com announced Monday that it has tapped a veteran of parent company Cox Enterprises to serve as its chief financial officer. Stepping into the role Feb. 7 will be Dallas Clement. His most recent post was as Cox Communications’ executive vice president and chief strategy officer. [Read More]

OPENLANE has teamed up with the National Independent Automobile Dealers Association for a new certified listing category within the online auction platform. Officials believe the new offering will help to boost confidence among wholesale buyers, lift the price and pace of vehicle sales at auction and help dealers fetch higher prices on the retail side. [Read More]