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NewsMarch 10, 2011

Motor Trend Certified CPO Purchases Top 10,000 Units in 2010

The 2010 Motor Trend Certified Pre-Owned dealers delivered more than 10,000 CPO vehicles in 2010, according to Motor Trend and EasyCare.

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NewsMarch 10, 2011

Experian: Vehicle Scrappage Rates at Highest Level Since Cash for Clunkers

Experian Automotive said that the rate of vehicles removed from operation significantly increased from the third to fourth quarter of 2010 for both cars and light trucks.

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NewsMarch 10, 2011

Dealix Hires Peter Wilson as Executive Director for UsedCars.com

The Dealer Services Group of Automatic Data Processing Inc. announced Tuesday that its Dealix business unit hired Peter Wilson as executive director of UsedCars.com, an automotive shopping site.

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NewsMarch 10, 2011

KBB.com: Rising Gas Prices Impacting Buyer Intentions

The current economic situation coupled with concern over the rise in gas prices has caused an increasing number of new-car and used-car shoppers to change their vehicle consideration criteria, according to a Kelley Blue Book Market Intelligence survey.

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NewsMarch 10, 2011

VINtek Opens New Office in Detroit Metro Area

VINtek, a provider of automotive collateral management and electronic lien and title services for automotive lenders, has opened an office in Troy, Mich., to support continued growth in its direct-to-consumer lending platform.

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NewsMarch 2, 2011

Edmunds.com: Pick Up in Leasing Impacting Incentive Spending

Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,558 per vehicle sold in February 2011, essentially flat compared to January 2011, and down $99 – or 3.7 percent – from February 2010.

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NewsMarch 1, 2011

Agent Summit Workshops to Focus on Profit, Performance and Marketing

In keeping with its adopted theme of training, the inaugural Agent Summit is offering three additional workshops aimed at helping agents improve profit development, dealership performance and product marketing, organizers of the two-day event announced today.

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NewsMarch 1, 2011

Two Motor City Dealers Convert Into Sears Auto Centers

Sears Authorized Independent Auto Centers LLC announced the opening of two new franchises at the sites of two veteran Detroit-area auto dealers.

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NewsMarch 1, 2011

Experian Automotive: Delinquencies Improved, Loans Increased in 4Q 2010

Automotive credit continued to strengthen in the year-end quarter of 2010, as 30- and 60-day delinquencies exhibited sharp declines, according to Experian Automotive's quarterly analysis.

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NewsMarch 1, 2011

TrueCar Releases Car-Shopper Behavior Study

A new study conducted by TrueCar Inc. has determined that consumers prefer knowing the true price paid by others purchasing the same type of car in the last 30 days. It also revealed that consumers don't truly know how much dealers make on the sale of a vehicle.

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