WASHINGTON, D.C. — Transportation Secretary Ray LaHood recently reiterated his praise for the success of last year's Cash for Clunkers program. This time, LaHood's comments came as a reaction to positive reports from the DOT Office of Inspector General and the General Accounting Office. Federal officials believe Cash for Clunkers successfully completed its top objectives set […] [Read More]

SANTA MONICA, Calif. — Providing an update on Perceived Quality Scores in its most recent Residual Value Report, ALG said the two brands showing the most improvement from the fall are Ford and Kia, respectively, while Toyota, had the heaviest drop-off by far. So, how does this affect residual values? "ALG's residual values for the May-June […] [Read More]

CHICAGO — While incentives may have been effective in generating consumer interest in Toyota in March, those gains didn't last in April, according to Cars.com, which suggested the downward effect from the automaker's recalls on its sales will likely linger. Specifically, the site said that during April, Toyota new-vehicle leads on Cars.com fell 17 percent. Showing particularly […] [Read More]

NEW YORK — Recent analysis from PricewaterhouseCoopers pinpointed what the firm believes will be the fundamental changes necessary for the near-term restructuring and long-term sustainability of the automotive industry. Firm analysts contend that greater automotive merger and acquisition activity will be the driving force. That was the crux of the report titled, "Drive Value — Automotive M&A […] [Read More]

CARY, N.C. — Auto Remarketing Today will not be published on Friday as the staff will be off to celebrate the holiday. Auto Remarketing Today will resume Monday, April 5. Auto Remarketing's sister e-newsletters, SubPrime News Update and Auto Remarketing Canada, will both be published this week as usual. We would like to wish all our readers […] [Read More]

ATLANTA — The April Auto Industry Brief from Manheim's Tom Webb contained an overall cautionary tone about economic recovery but still included several positive trends, especially regarding consumer rebounds. Webb indicated that flow measurements of the economy such as employment, income, retail sales and more show ongoing economic strengthening. "Balance sheets, however, whether they be those […] [Read More]

CARY, N.C. — The hot topic again this week at AutoRemarketing.com focused on the industry's future. Two of the top five stories centered on this topic. Also generating plenty of interest was an item about Hertz's latest acquisition plans. The top five stories from AutoRemarketing.com this week are: 1. What's in Store for Used-Vehicle Market? WASHINGTON, D.C., […] [Read More]

LIVONIA, Mich. — It's not just drivers that need to be leery of rising "unconventional" vehicle theft-related crimes in Michigan. Dealers, too, have fallen prey to these thieves lately and should remain vigilant and educated about the rather creative methods culprits are using to snatch cars, according to Help Eliminate Auto Theft (H.E.A.T.), an organization that […] [Read More]

DETROIT — AOL Autos recently published a list of the market's hottest crossovers for March, and ranking at No. 1 on this list of 15 bestsellers was the Toyota RAV4, whose sales climbed 116.7 percent year-over-year to 25,781 units during the month. "The Toyota RAV4 is one of the compact SUVs that created the class," AOL […] [Read More]

CARY, N.C. — Whether it's consumers or dealers, they're turning to AutoRemarketing.com to learn more about how the used-vehicle market might behave for the rest of this year. A story that analyzed industry trends and forecasts led traffic at AutoRemarketing.com for the second week in a row. Another item that shared the latest data available from […] [Read More]