DataScan Field Services recently rolled out a new vehicle inspection service that it says can help foster greater confidence in online vehicle shoppers. Here is how the services of InspectMyRide are designed to work. When a shopper finds a vehicle they are considering, the individual can visit the InspectMyRide website. While there, the consumer must go through […] [Read More]

Six new models — mostly luxury units from foreign brands — comprised the list of vehicles shared in NADAguides.com’s 2011 First Quarter Car Buyers Market Report. Analysts selected six models from Lexus, Acura, Mercedes-Benz, Hyundai and Audi — models they believe stand-out from the crowd. The specific vehicles are: —2011 Lexus LX 570. —2011 Acura TL. —2011 […] [Read More]

Audit, tax and advisory firm KPMG recently picked the brains of more than 200 automotive executives to find out which vehicle attributes they believe will have the most influence on consumers’ purchasing decisions in the next five years, as well as to figure out which vehicle categories these industry leaders think will show the most growth. […] [Read More]

While two TV spots are set to feature the 2011 Sonata, Hyundai broadened its advertising campaign in connection with this year’s Super Bowl to also feature the 2011 Elantra. The automaker explained its other two commercials to be shown during the NFL’s most popular event highlight the Elantra with the theme titled, “Snap Out of […] [Read More]

Open Dealer Exchange — which is a joint venture formed by Automatic Data Processing and the Reynolds and Reynolds Co. — said that it has secured its first Canadian partnership, a deal that officials believe will be beneficial to dealers and lenders alike. [Read More]

Canadian used-vehicle prices increased modestly on a sequential basis during December, according to the latest ADESA Canada Used Vehicle Price Index. However, most segments included in the data were said to be soft. Specifically, ADESA’s data — powered by ALG Canada — indicated that there was a 0.3-point upswing in the index for December compared to the prior […] [Read More]

Carfinco Income Fund said recently that its board of directors will be evaluating the various options the company has for boosting unit-holder value, and among the potential strategic alternatives that will be considered is the possible sale of the Alberta-based company. The company turned to FBR Capital Markets & Co. for guidance during the review process. FBR […] [Read More]

Several factors helped lift December’s leasing penetration level by more than 26 percent on a year-over-year basis, according to an analyst with J.D. Power and Associates. In fact, Auto Remarketing learned that December’s lease penetration level came in at 21 percent. [Read More]

Seen as a catalyst for its remarketing efforts, Automotive Resources International rolled out a redesigned version of its remarketing website Thursday. ARI contends the new version now contains graphically intuitive navigation and enhanced functionality.  Executives explained improvements to the ARIAutoDirect website also is meant to promote increased site traffic, an interactive sales approach and ultimately […] [Read More]

In reviewing Mitsubishi’s global business plan for fiscal years 2011 through 2013, Auto Remarketing learned the end might be near for the automaker to continue building region-specific models, including U.S.-only models. Instead Mitsubishi looks poised to take on a more global approach with its product platforms.   The automaker’s production hub in the U.S. will be used to build a […] [Read More]