Wholesale
GM Certified Adds Saturn to Lineup
Wednesday, Feb. 17, 2010, 02:00 AM
Auto Remarketing
DETROIT — GM Certified Used Vehicles announced Tuesday that it has expanded its CPO lineup to include Saturn. Certified Saturn units from model years 2005 through 2010 can now be bought at the 3,400 Buick, Chevrolet and GMC GM Certified Used Vehicles dealers throughout the U.S., and these vehicles will include the 12-month/12,000-mile (whichever comes first) bumper-to-bumper warranty from […] [Read More]
CNW: Toyota Needs Long-Term Plan to Regain Market Share
Tuesday, Feb. 16, 2010, 01:58 AM
Auto Group Editor Jennifer Reed
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]
Chrysler Financial Recognizes Top Canadian Auctions
Friday, Feb. 12, 2010, 12:00 PM
Auto Remarketing
MISSISSAUGA, Ontario — Chrysler Financial recently announced its 2009 Platinum Pentastar Award Winners to honor the Canadian auctions that had the top performances this past year in its Canadian Auction Scorecard program, which was introduced in early 2008. The winners were determined based on which auctions — divided into Tier I and Tier II facilities — had […] [Read More]
ADESA Canada: Used Values Unseasonably Low
Friday, Feb. 12, 2010, 11:59 AM
Auto Remarketing Editor Joe Overby
MISSISSAUGA, Ontario — January marked the fourth straight month of sequential declines for the ADESA Canada Used Vehicle Price Index, as the anticipated seasonal upswing in values never came to fruition. Resale prices were pushed downward by dealers' excess inventory of both new and used vehicles, officials pointed out. Specifically, ADESA's data — powered by ALG Canada — indicated […] [Read More]
Canadian Auto Journalists Name 2010 Canadian Car, Utility Vehicle of Year
Friday, Feb. 12, 2010, 11:58 AM
Auto Remarketing
TORONTO, Ontario — The Automobile Journalists Association of Canada announced the winners in its 2010 Canadian Car of the Year program Thursday at the Canadian International Auto Show in Toronto. Taking the spot as Canadian Car of the Year was the Volkswagen Golf GTI, while the Canadian Utility Vehicle of the Year award went to […] [Read More]
New Conference Announced by Cherokee Automotive Group
Friday, Feb. 12, 2010, 02:00 AM
Auto Remarketing
CARY, N.C. — Cherokee Automotive Group, publishers of the Auto Remarketing and SubPrime Auto Finance News media brands, conferences and owner of the Pre-Owned Auto Dealers Alliance, has announced the latest in its series of automotive industry events: The Automotive Economic Forecast & Financial Forum, to be held May 10-11, 2010 in Chicago. The event is […] [Read More]
DMV Nationwide Announces Carfax Integration
Friday, Feb. 12, 2010, 01:54 AM
Auto Remarketing
DELRAY BEACH, Fla. — Thanks to a recent partnership, dealers using DMV Nationwide, a Web site that lets dealers calculate taxes and fees for all 50 states, can now access Carfax Vehicle History Reports while simultaneously utilizing DMV Nationwide's services. In other words, dealers can log into www.dmvnationwide.com and run a Vehicle History Report on a […] [Read More]
Gumiyo Offers Free Facebook Dealer Inventory Application
Thursday, Feb. 11, 2010, 01:57 AM
Auto Remarketing
CALABASAS, Calif. — Dealers looking for a free application to enhance their presence and post inventory listings on Facebook now can choose the one released Wednesday by Gumiyo, a provider of mobile marketing solutions. Gumiyo executives said that their MyShowroom Facebook application can be coordinated with the offerings from other dealer solution providers and media companies. […] [Read More]
CPO Sales Soften from Record Year-Ago Numbers, but Some Brands Report Gains
Wednesday, Feb. 10, 2010, 12:00 PM
Auto Remarketing Editor Joe Overby
TORRANCE, Calif. — In the first month of the New Year, certified pre-owned vehicle sales showed a significant slowdown from the record-breaking numbers of January 2009, but there remained some bright spots in the market. Specifically, CPO sales reached 109,554 units in January, according to Autodata Corp. statistics. This marked a 22.2-percent decrease from the year-ago […] [Read More]
How Have Toyota Recalls Impacted Consideration, Pricing Trends?
Wednesday, Feb. 10, 2010, 11:58 AM
Auto Remarketing
SANTA MONICA, Calif. — Analysts from TrueCar.com found significant gains in consumer consideration for a quartet of brands in the wake of recent Toyota recalls. However, they learned the average pricing trends remained mixed. The four brands that gained traction against Toyota, according to TrueCar.com, included Honda, Ford, Hyundai and Kia. "Toyota has taken a real […] [Read More]