WASHINGTON, D.C. — In a new development in what seems to be an ever growing saga surrounding Toyota, the National Highway Traffic Safety Administration came out Tuesday saying that it is launching a probe to discover if the automaker launched three of its recent recalls in a timely fashion. The NHTSA said it is calling upon […] [Read More]

ATLANTA — Used retail prices continued to surge in January, according to AutoTrader.com, which said that 18 of the top 20 most searched-for used units on the site saw their average prices increase from the year-ago period.  Moreover, 12 of the 20 most popular used vehicles on AutoTrader.com showed double-digit price gains from the prior year. […] [Read More]

SANTA MONICA, Calif. — In the February TrueTrends data from TrueCar, the company touched upon a wide array of industry topics, but one of the key features this month was the Toyota recall and how other automakers may have gained from Toyota's troubles. Apparently, almost all models that can be considered in Corolla's competitive set gained more […] [Read More]

ANDERSON, S.C. — Executives from Carolina Auto Auction enjoyed the chance to celebrate in Denver recently when CitiFinancial Auto presented them with its Auction of the Year Award. Owners Henry and Patty Stanley accepted the honor with much gratitude in light of a conversation with Layne Weber of CitiFinancial Auto. The Stanleys promised Weber and CitiFinancial […] [Read More]

SAN FRANCISCO and CAMBRIDGE, Mass. — In the wake of widespread recalls by Toyota, consumers have become much more apt to consider rival brands, especially those from domestic automakers. And it appears the two brands gaining the most interest at Toyota's expense are Chevrolet and Ford. In fact, a recent Jumpstart Automotive Media survey indicates that […] [Read More]

CARMEL, Ind. — Under a new agreement between the companies this week, Autoniq, a service provider of used-car information over smartphones, will now provide ADESA run list information to its subscribers. "We are extremely excited to be working together," stated Thomas Marr, president of Autoniq. "Dealers specifically ask for ADESA run list information because it gives them […] [Read More]

ORLANDO, Fla. — Increased credit availability and an upswing in consumer confidence stemming from higher employment levels will likely help push full-year 2010 light-vehicle sales to almost 12 million units, said Paul Taylor, the National Automobile Dealers Association's chief economist, during a speech at the association's annual conference and expo this past weekend in Orlando, Fla. Taylor […] [Read More]

LAKE SUCCESS, N.Y. — Included in a series of product enhancements and integrations, DealerTrack highlighted a new function for its DealerTrack AAX inventory management solution. This new solution process called MarketDriver can provide dealers with what company executives described as an "unprecedented range" of regional market information. They stressed that MarketDriver can help dealers identify and […] [Read More]

DETROIT — For just the second time since the award began in 1984, two auctions have been honored as the General Motors Auction of the Year. Receiving this year's recognition were ADESA Indianapolis and Manheim Nashville, GM announced recently. "This award emphasizes the essential role auctions play in the sale of our vehicles and servicing the […] [Read More]

BANDON, Ore. — Based on its ongoing daily survey of shoppers, CNW Research discovered used Toyota sales plummeted by more than 39 percent in the first three days after the recall. Taking the hardest hit were private party sales and independent dealer sales. The reason? No access to repair parts, according to Art Spinella, of CNW. […] [Read More]