This is Cherokee Automotive Group’s last e-newsletter of the year. We are going dark for the holidays to have time to celebrate with our families. We will pick back up with Auto Remarketing Today on Tuesday, Jan. 3. We hope you have enjoyed the industry coverage from Auto Remarketing and SubPrime Auto Finance News in […] [Read More]

If Dataium’s Auto Shopper Intensity Index from last month is any indication, December’s new-vehicle sales are likely to be “positive but less than stellar,” and the New Year will probably ring in with a softer car market. Dataium explained that although the seasonally adjusted annualized rate is above year-ago figures and full-year sales should eclipse […] [Read More]

Stemming from a three-month trend of average list prices of late-model vehicles dropping 4.1 percent, CarGurus pinpointed a dozen units where the retail price is down by 10 percent or more. The highlighted units predominantly are from foreign OEMs with a quartet of domestic models included, too. The vehicles mentioned by CarGurus include: —2007 Toyota […] [Read More]

With used supply drying up amid the stiff competition for limited resources, dealers often have to pull out all the stops to find enough used cars for their lots. For instance, small independent dealerships, selling an average of zero–100 units annually, find close to 27 percent of their inventory through purchases off the street, according […] [Read More]

After a solid year in 2011, it appears the auto market will make even more progress next year. Even with what could be 12.8 million new-vehicle sales this year, there is still a hearty stock of pent-up demand remaining, as well as a stronger selection and improved credit conditions, leading Edmunds.com to project that 2012 […] [Read More]

The Human Rights Commission has taken note of two of the Big 3’s commitment to corporate equality. Both Chrysler and Ford received perfect scores in the HRC’s annual corporate equality index (CEI), which rates corporations based on their lesbian, gay, bisexual and transgender workplace policies and benefits. The two automakers represented just two of 190 employers to […] [Read More]

Late last week it was revealed that Mercedes-Benz USA has chosen a new president and chief executive officer. Tapped for the position is Stephen Cannon, former vice president of marketing for MBUSA, effective Jan. 1. Cannon replaces Ernst Lieb, who left the company this past October. As for his new role, Cannon will now have […] [Read More]

Roger Penske had a choice to make. It was February 1965 and the then general manager of a Philadelphia Chevrolet dealership had been offered the opportunity to become the store’s owner. But in order for that to happen, Penske would have to give up what drew him to Chevy in the first place: racing. [Read More]

With new-vehicle sales expected to hit their highest level in five years, it has left some automakers “virtually out of stock” of some hot-selling vehicles, according to the 24/7 Wall Street website. In light of this dynamic, the publication has released a list of “Cars So Hot They Are Out of Stock,” a collection of […] [Read More]

Pulling up to Hyundai headquarters, a man pulls out a black ski mask and quickly puts it on. The suspicious character climbs out of the car and works his way to the fences surrounding the facilities, carrying some heavy bolt-cutters. The mission? To steal the corporate drift car. The catch? The thief has Hyundai’s permission […] [Read More]