WESTLAKE VILLAGE, Calif. — The auto industry has likely seen the worst of its drought, and though certain issues and challenges must be addressed, new-vehicle sales are headed toward the 11.7 million unit mark for 2010, according to J.D. Power and Associates.  And four years from now, they could be back to the 16 million mark. While […] [Read More]

SANTA MONICA, Calif. — Edmunds.com believes Toyota's announcements of zero-percent financing and special lease deals are being very well received because of a sharp rise in purchase intent by site visitors. Officials indicated that the incentive offerings generated nearly a 40-percent spike in purchase interest when measured over a 48-hour period. Comparing recent history, the increase […] [Read More]

CARY, N.C. — Major announcements, management changes and comments from some of the industry's top executives dominated the news this past week at AutoRemarketing.com. Leading the way was a recap of enhanced dealer consignment initiatives highlighted by KAR Auction Services' chief executive officer. Readers also learned about another major management overhaul at General Motors. The top […] [Read More]

GENEVA — The three finalists for each category in the World Car of the Year program were announced Tuesday at the Geneva International Motor Show. These final contenders for the World Car of the Year, World Performance Car, World Green Car and World Car Design of the Year awards will vie for their respective honors, which […] [Read More]

IRVINE, Calif. — Though new-vehicle sales in the realigned auto industry may stay in the 11 million range for the foreseeable future until a few key economic indicators improve, there exists a certain optimism for Big 3 automakers, in particular, during the recent "slightly rising tide" in auto sales, according to James Bell, executive market analyst for […] [Read More]

ATLANTA — Though Chevrolet appears to be the front-runner to gain the most displaced new Hummer buyers if the brand closes up shop, the attention of these shoppers would largely be "up for grabs," according to AutoTrader.com, which looked at cross-shopping activity among Hummer shoppers on the site. AutoTrader.com's data indicates that 12.3 percent of new […] [Read More]

NEW YORK — It was announced Monday that joining the lineup of auto executives and analysts sharing their expertise at the NADA/IHS Global Insight Automotive Forum 2010 are James Lentz, president and chief operating officer of Toyota Motor Sales, USA, and Jim Farley, group vice president of global marketing and Canada, Mexico and South America operations […] [Read More]

SANTA MONICA, Calif. — When January's new-vehicle sales figures are finalized, it is projected that market share for Toyota will fall to its lowest level in almost four years and the automaker is the only one of the seven major manufacturers expected to show a double-digit decline in year-over-year sales, according to Edmunds.com. Specifically, Toyota's January […] [Read More]

CARY, N.C. — Leading the way as the top headline this past week at AutoRemarketing.com was a story that shared details about Manheim enhancing a partnership with BMW Group Financial Services. Also catching readers' attention was news about plans for recalled Toyota vehicles to return to the auction lanes. The top five stories from AutoRemarketing.com this […] [Read More]

WESTLAKE VILLAGE, Calif. — The rebound in auto sales appears to have met a "speed bump" in February stemming from Toyota recalls and winter storms, as new-vehicle retail sales will likely show only a minor year-over-year uptick, according to J.D. Power and Associates. More specifically, J.D. Power is forecasting new-vehicle retail sales of 561,500 vehicles, an […] [Read More]