DEARBORN, Mich. — Ford's decision to stop producing Mercury vehicles and wind down the 71-year-old brand marks the end of an era for the automaker, but don't expect too much change on the used-vehicle value front for the Mercury brand. That's the viewpoint of one analyst, in particular, who gave his insight on the impact of Mercury's discontinuation, […] [Read More]

McLEAN, Va. — The NADA Used Car Guide reports that auction prices through May experienced minor declines relative to April, and indicators point to this downward trend carrying on through the rest of the year. Jonathan Banks, executive automotive analyst for NADA Used Car Guide, indicated overall prices for 1- to 5-year-old vehicles declined about […] [Read More]

TALLAHASSEE, Fla. — Auto Data Direct announced plans Thursday to begin providing a free vehicle reporting option to the National Motor Vehicle Title Information System for the auto recycling and insurance industries. Executives believe ADD is the first to offer a free reporting option that can allow users to satisfy federal reporting requirements by uploading junk, […] [Read More]

CARY, N.C. — Sparking plenty of attention this past week at AutoRemarketing.com was a story that shared details from a Microsoft survey regarding young buyers' impressions of dealers. Also stirring industry attention was the first word of Ford's decision regarding the future of Mercury. The top five stories from AutoRemarketing.com this week are: 1. Microsoft: Millennials […] [Read More]

ORANGE, Calif. — TK Carsites revealed earlier this week that it has appointed a new vice president of operations. Named to this post was Brad Highland, whose main duty will be to head up the company's customer-facing operations. Highland has more than eight years of operations experience within the auto industry. He was recently the director of business development at […] [Read More]

HERNDON, Va. — Volkswagen of America is looking to leverage worldwide enthusiasm for the upcoming World Cup with its latest ad campaign. The automaker on Thursday launched a contest calling on soccer "fanaticos" to express their passion for the game for a chance to win an appearance in a national TV spot during the World Cup. […] [Read More]

LONDON — If a zealous James Bond fan has several million dollars readily available, the actual 1964 Aston Martin DB5 used in the Goldfinger and Thunberball movies is going up for sale. RM Auctions recently announced when the famed vehicle will go on the block, expecting it will fetch in excess of $5 million. The vehicle is […] [Read More]

WASHINGTON, D.C. — The National Highway Traffic Safety Administration has launched an investigation of 2010 Ford Fusion and Mercury Milan vehicles regarding allegations of possible stuck accelerator pedals caused by optional "All Weather" floor mats. Drivers of those models should not stack any unsecured floor mats over the carpeted mat that comes standard on the vehicle, NHTSA […] [Read More]

CARY, N.C. — Executives with Auto Remarketing emphasized the next installment in the free Auto Remarketing Training Series touches on a theme relevant to any dealer — how to improve used-vehicle operations. Authorities from a quartet of industry service providers plan to share their knowledge that incorporates technology with modification of true-tested methods. The panel for the free […] [Read More]

SANTA MONICA, Calif. —  Tuesday marked the first anniversary of General Motors filing for bankruptcy, and several analysts from Edmunds.com who looked back on the past year for GM said they believe bankruptcy might end up being "one of the best things that ever happened to the company." Edmunds.com chief executive officer Jeremy Anwyl took the lead in assessing where GM now […] [Read More]