A new year has begun, and predictions for a prosperous year for the country's new- and used-car markets are pouring in. Factors such as increases in available trade-ins and high demand are expected to boost used sales, while numerous redesigns may ramp up the new market. According to a study released from Indian firm Ken […] [Read More]

Kelley Blue Book recently shared the top 25 most-researched used and new vehicles on KBB.com from December, and once again sweeping the charts was the Honda Accord. Looking at the used-car rankings in more detail, the Honda Civic followed in the No. 2 spot, with the Toyota Camry, Ford F-150 and Toyota Corolla rounding out […] [Read More]

As 2012 wrapped up, used prices continued their downward spiral — perhaps welcome news to buyers looking for a new pre-owned ride in the new year. An entry in Cars.com’s "Kicking Tires" blog indicates that late-model used-car prices declines for the sixth straight month in December. Specifically, prices dropped an average of $115 from Nov. […] [Read More]

Avis Budget Group said Wednesday morning that it will buy the car-sharing network Zipcar for roughly $500 million in cash. The deal is expected to be finished by spring, but it first must gain approval by Zipcar shareholders and meet other customary closing conditions. Both companies’ respective boards of directors unanimously approved the deal. Additionally, […] [Read More]

Auto Remarketing and Cherokee Automotive Group would like to wish all our readers a healthy holiday season and a happy New Year.   This issue of Auto Remarketing Today will be the final edition of 2012 before we take a holiday break. Thank you for your interest and support this year, and we look forward […] [Read More]

November was a big month for the U.S., with the Northeast recovering from Hurricane Sandy and President Barack Obama being elected for a second term. And although there is still uncertainty for the future, the economy continues to move upward — right along with used-car prices, according to data from RVI Group. In the company’s […] [Read More]

Westlake Financial Services announced a major update to the DealerCenter website, which is operated by Nowcom Corp., Westlake's sister company under the Hankey Investment Group umbrella. DealerCenter is the business portal that houses Westlake's proprietary Buy Program software as part of a full-fledged online DMS solution. [Read More]

Looking back at November, Canadian new-vehicle sales numbers soared, while used prices continued to rise. According to data from RVI Group, used-car prices this past month climbed by 2.3 percent from October, and 3 percent year-over-year. On the other hand, the ADESA Canada Used Vehicle Price Index was down this past month, reversing the majority […] [Read More]

On the same day Ally Financial said it repaid debt to the FDIC, General Motors announced on Wednesday that the automaker will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is part of the Treasury’s plan, also […] [Read More]

The Used Car Dealers Association of Ontario is alerting Ontario’s used-car dealers to the changes in the Drive Clean Program set to go into effect in the new year. In the latest UCDA Front Line newsletter, the association highlights the changes which deal mostly with the On-Board Diagnostics test procedures, among other areas. And the […] [Read More]