Dealers looking for off-lease units might want to mark March 2013 on their calendars. That’s when Kelley Blue Book thinks wholesale volumes for these valuable used units might finally edge higher. The reason KBB believes it will be about 18 months before off-lease availability increases is that’s when a larger amount of leased units begin […] [Read More]

Despite the high unemployment numbers and weak consumer confidence that plagued the economy, new-car sales saw nearly a double-digit rise as shoppers continued to flock to dealer lots, according to the American International Automobile Dealers Association. And while the most dramatic gains were spotted among the Big 3 OEMs, import brands enjoyed more than a […] [Read More]

Franchised dealers enjoyed more than an 11-percent year-over-year lift in used-vehicle sales during September, according to CNW Research, which attributed the spike to a major dose of incentives and strong trade-in values. The spike by franchised stores helped move the industry to an overall used sales total of 3.23 million units, up 4.6 percent year-over-year. […] [Read More]

Edmunds.com spotted that at least one foreign automaker is ramping up incentives like analysts have predicted. With its production of new models now back to normal, the site determined Honda’s average incentive spend grew to $1,871 per vehicle last month, a 12.3 percent increase over its average incentive spend in August. Echoing reasons analysts gave […] [Read More]

LeasePlan USA announced Monday that one of its own has been elected as vice president of the International Automotive Remarketers Alliance. As the organization’s VP, LeasePlan USA’s director of remarketing Levi McCoy will serve on the board of directors, which meets regularly to discuss and resolve issues regarding the IARA’s service to its membership base. […] [Read More]

It was announced late last week Mark Kaczynski, who currently serves as controller of sales and marketing at Nissan Americas, will succeed Steve Lambert as president of Nissan Motors Acceptance Corp. Lambert will be taking on the role of vice president of information systems. These appointments take effect Dec. 1, following a transition process that […] [Read More]

Though some concern exists in Canada — and despite the “fairly grim” economic prospects for several of the top economies throughout the world — the economic picture in Canada is pretty stable, according to ALG Canada, which offered its take on four key economic indicators in the market. In fact, during the first quarter of 2011, […] [Read More]

The notion of someone paying more for a used car than what the same car costs new would likely sound strange to most anyone. Odd as it may be, that apparently is the case for scores of 2011 model-year vehicles on the market, according to NADAguides. The site has spotted 107 models from 2011 whose […] [Read More]

Honoring six dealerships that it believes exemplify the company’s key core values, used-car extended service contract provider Preferred Warranties Inc. has revealed its third annual Values Awards. Preferred Warranties picked a winning dealer for each of its five core values — integrity, pursuit of excellence, community, service and fun — and also spotlighted an overall […] [Read More]

After recently revealing the winners of this year’s Dream Car Art Contest, Toyota announced Tuesday that it will be holding the contest for the sixth year, as well as expanding the reach of the event to include 80 countries and regions. The automaker will be accepting entries from Oct. 1 to Jan. 31 for the […] [Read More]