ATLANTA — For the first time, late-model, pre-owned Subaru vehicles remarketed by Subaru of America now are available at a pair of Manheim auctions on the West Coast. The two additional locations are Manheim Seattle and Manheim San Francisco Bay. Company officials stressed that now franchised Subaru dealers can choose from a total of nine Manheim […] [Read More]

WESTLAKE VILLAGE, Calif. — J.D. Power and Associates projected a sluggish new-vehicle retail selling rate for January, especially in light of a relatively strong performance during the final month of 2009. Company analysts predicted that January's sales total would come in at 500,900 units. They indicated that represents a seasonally adjusted annualized rate of 7.9 million […] [Read More]

CARY, N.C. — Cherokee Automotive Group Analytics recently completed another round of polling and released results. The questions were asked to executives representing dealerships, auto auctions, banks, credit unions, financial companies, logistics and manufacturing. Two primary topics were the focus of the latest survey — repossessions and remarketing Repossession Trends Reviewing these trends, CAG discovered that nearly […] [Read More]

SANTA MONICA, Calif. — In what could be considered an upset, the Toyota Prius did not lead the way when Edmunds.com released the results of its Consumers' Favorites Hybrid Vehicle Survey. Instead the honor went to the Ford Fusion Hybrid, the vehicle that received 26 percent of the votes according to Edmunds.com. The Toyota Prius earned […] [Read More]

ST. PAUL, Minn. — Offering a helping hand to secondary education in the state, Toyota and its Minnesota Toyota Dealers are sponsoring the Drive for Education competition, which will provide $50,000 in cash grants in recognition of the automaker's 21st year of working with Minnesota high school students. Basically, Toyota will help pick 14 high schools […] [Read More]

MISSISSAUGA, Ontario — The ADESA Canada Used Vehicle Price Index declined sequentially for the third consecutive month, as overall auction prices showed a larger than seasonally expected drop. Specifically, ADESA's data — powered by ALG Canada — indicated that the index fell 1.2 percentage points compared to November. "Another consecutive monthly decline in resale prices can be attributed […] [Read More]

RICHMOND HILL, Ontario — Although the Canadian new-vehicle market closed 2009 with a "very respectable" December, the double-digit sales increase shouldn't necessarily be overly celebrated, according to DesRoisers Automotive Consultants. During December, 111,186 new vehicles were sold in Canada, a 17.8-percent upswing from the prior-year period's rather soft numbers. "December sales were very respectable all things […] [Read More]

TORONTO, Ontario — Mercedes-Benz Canada recently rolled out its 2010 Star Dealers list, which honors the top nine of its dealers and spotlights how they how contributed to the automaker's success in the country over the last year. Mercedes-Benz Canada determines the Star Dealers, which are chosen from automaker's entire dealer body in Canada, based on […] [Read More]

FREDERICK, Md. — In another measure of support by the auction industry, the Independent Auctions Advisory Committee has endorsed the National Auto Auction Association's National Arbitration Policy, and co-chair of the IAAC expects independent auction owners will quickly adopt it. "We're very excited by the process taken to standardize auction procedures," said Charlotte Pyle, IAAC co-chair, NAAA vice president […] [Read More]

ATLANTA — Manheim and Nissan North America on Thursday revealed they have expanded their relationship to incorporate three more auctions into the manufacturer's remarketing strategy. The three additional facilities to host Nissan sales include Manheim Fredericksburg, Manheim Ohio and Manheim Phoenix. "Manheim is dedicated to every partner's success. Our goal is to deliver sales events that will generate […] [Read More]