STUTTGART, Germany — Daimler announced Tuesday that it has sold its equity interest in Tata Motors, and through this sale of its shares, the company will receive a cash inflow of roughly 300 million Euro. Daimler's 5.34 percent of the ordinary shares of the Indian auto company were bought by various groups of investors via the capital market. […] [Read More]

COSTA MESA, Calif. — Analysts from NADAguides.com recently picked their latest Car of the Month. The choice for March was a vehicle that's gained considered consumer interest during the last several weeks — the 2011 Hyundai Sonata. When making the selection, site analysts described the vehicle as the most innovative and fun-to-drive sedan Hyundai has ever built. […] [Read More]

ATLANTA — Used-vehicle demand and average asking prices were on a stable incline during February, according to AutoTrader.com. The company also indicated that due partly to wintry weather, most of the models showing the heaviest traffic increases via the site were heavy-duty 2500 series pickups. "The used-car market continued to hold steady, as both demand and […] [Read More]

CHICAGO — Mirroring trends from other industry outlets, officials from Cars.com spotted sharp declines in consumer interest sparking contact with dealers for several Toyota vehicles when analyzing February Web traffic. In fact according to the most recent Cars.com Consumer Search Index, six of the top 10 decreases were for Toyota models including RAV4, Corolla, Camry, Highlander, Prius and […] [Read More]

CARY, N.C. — As part of our publication's efforts to recognize excellence in the industry, Auto Remarketing is dedicating the April 15 edition to honoring women's contributions to the remarketing industry. However, if you would like to nominate a leader, you must act quickly. The deadline to submit is just over a week away (Friday, March 19). […] [Read More]

ST. LOUIS — Cash for Clunkers may have been more beneficial to the industry than many people thought, according to the results of a Maritz Automotive Research Group study released Tuesday. Basically, Maritz argues that the number of incremental sales that were spurred via CARS is dramatically higher than prior estimates suggested. Moreover, the research group says […] [Read More]

RICHMOND, Va. — On Tuesday, CarMax unveiled the grand prize winner in its "Tweet Yourself to a New Ride" contest it conducted on popular social networking site Twitter. Winning $25,000 to put toward a used-vehicle purchase from CarMax was Stephanie Beck, who hails from Pensacola, Fla. To participate in the contest — which lasted eight weeks — consumers simply visited […] [Read More]

DETROIT — Starting on Friday, Chevrolet executives plan to launch three social-media applications at South by Southwest, a well-known interactive music and film conference and festival in Austin, Texas. They hope the strategy serves as a way to introduce more than 185,000 attendees to vehicles like the Camaro, Volt and Cruze. Brand executives also believe the […] [Read More]

WEST CHESTER, Pa. — HomeNet recently revealed a new enhancement to its Video Online Marketing suite. Dealers now can take their live video ads for their vehicle inventory and create hundreds of still images. Company officials contend that the depth of still images can be used throughout a dealer's Web site or online classifieds. When dealers […] [Read More]

MONTVALE, N.J. — Even in the midst of wintry weather and recalls, the year-over-year CPO decline subsided a bit in February and certified sales actually climbed more than 4 percent from the previous month. Specifically, there were 114,655 CPO sold during February, according to Autodata Corp., marking a 9.9- percent dip from the prior-year period. However, […] [Read More]