Close to 650,000 Toyota Prius models across the world will need to have their water pump repaired to fix a coolant issue, according to various news reports. Toyota Motor Sales USA spokesperson John Hanson told Auto Remarketing on Tuesday that approximately 378,000 Prius models are impacted in the U.S.  The model years of the affected […] [Read More]

On Friday, a free seminar under The Car Counselor’s TARP 2.0 Dealer Tech Series will be held at Columbus Fair Auto Auction in Ohio to help industry professionals prepare for the impact of developments in the federal government and more. [Read More]

The developments in electric-vehicle technology and the arrival of these cars to the market have grabbed headlines this year, but are consumers really gravitating toward these vehicles? According to a Kelly Blue Book Market Intelligence Study, not yet, apparently. The study found that just 7 percent of shoppers said they would be apt to put […] [Read More]

They’re probably in the back of your closet or bottom dresser drawer — those old, tattered jeans your spouse insists on discarding. But they are being put to good use by Ford. The automaker is using recycled cottons in the interior of the new 2012 Focus as part of carpet backing and sound absorption material. […] [Read More]

The underwriters in General Motors’ recent initial public offering have chosen to fully exercise their over-allotment options. This means the automaker’s IPO has now likely become one of the biggest in the world, bringing in more than $23 billion. The underwriters are purchasing 71.7 million shares of GM common stock and another 13 million shares of mandatory convertible […] [Read More]

Giving credit to strong results from its recent conversion offers, Ford announced it will be cutting more than $1.9 billion off its automotive debt and plans to become “clearly net cash positive” before the year ends. Moreover, Ford said the conversion offers will help lead an approximate $180 million reduction in annualized interest costs. [Read More]

Fiat chief executive officer Sergio Marchionne recently revealed that his company plans to reopen an Italian manufacturing facility to build Jeep vehicles that combine a Chrysler and Fiat platform. He expects many of these models to be shipped to North America. During a meeting held at Unione Industriale di Torino, Marchionne presented trade unions with a plan to reopen the […] [Read More]

Edmunds.com recently discovered how much higher trade-in values for three-year-old vehicles were in October versus the same month in 2007. The site calculated trade-in values for these three-year-old models were 10.3 percent higher. That rise, coupled with more attractive interest rates than the norm back in October 2007, prompted site analysts to advise consumers to […] [Read More]

According to the the National Automobile Dealers Association, two crucial amendments associated with federal health care reform are expected to be voted on soon in Congress. NADA says the 1099 reporting requirements will take a tough toll on dealers.   NADA leaders explained two amendments to S. 510 offered by Sen. Mike Johanns, a Republican from Nebraska, and […] [Read More]

Hagerty Insurance Agency released on Monday its list of mass-produced 2011 models under $100,000 it believes are the most likely to end up as collector cars several years down the road. Taking the No. 1 spot on the Hagerty Hot List this year is the 2011 BMW 335IS, followed by the 2011 Cadillac CTS-V Coupe and […] [Read More]