DETROIT — The Cadillac CTS will likely make some headway in the resale value arena thanks to the 2011 CTS Coupe being brought into the fold this summer, July/August estimates from ALG indicate.  ALG indicated that a reduction in incentives, tighter inventory control and the focus toward design — all of which can be found in the CTS […] [Read More]

COSTA MESA, Calif. — A trio of domestic muscle cars are flexing their collective strength according to NADAguides.com. The website's daily list of Top 10 Most Researched Sports Cars and Coupes has been dominated recently by vehicles from Chevrolet, Ford and Dodge. The specific units include 2010 models of the Chevrolet Camaro, Dodge Challenger and Ford Mustang. […] [Read More]

LOS ANGELES — VINSCAN, a VIN barcode scanning device company, entered into a partnership this week with Carfax. Dealers now can use their VINSCAN handheld scanning device to access their Carfax account. The partnership is intended to help dealers have easier access to Carfax Vehicle History Reports from almost any remote location. Management explained that the VINSCAN device can eliminate […] [Read More]

AUBURN HILLS, Mich. — Announcing that the arbitration process for rejected dealers is now complete, Chrysler Group revealed that arbitrators favored the company in more than 70 percent of decisions. More specifically, the company said it prevailed in 76 of the 108 arbitration decisions. About 3 percent of the 789 dealers who were rejected as a […] [Read More]

CARY, N.C. — CarMark Certified, the independent vehicle certification program that is equivalent to the average factory CPO program, became operational last week in 41 states and the District of Columbia, with applications in the remaining nine states under active review and approval expected soon. In another major development, three major financial sources approved the […] [Read More]

BANDON, Ore. — The combined residual value losses on leases written between 2005 and June 2010 are expected to be greater than $10.4 billion, a recent CNW Market Research analysis discovered. CNW president Art Spinella noted that the 2010 figure is adjusted based on "added unit sales due to leasing, lessee purchases of leased vehicles, production profits, […] [Read More]

DETROIT — A GMAC financing deal that GM Certified Used Vehicles launched last month has been stretched out, giving the automaker's dealers even more time to use this offer to bring consumers into the certified pre-owned segment.   Dealers can now offering the following financing deal through Sept. 7 to well-qualified customers on model-years 2005 through […] [Read More]

TORRANCE, Calif. — Honda is aiming to give consumers greater access to information regarding open recalls on its vehicles by now sending this data to Carfax. The company will pass along recall information each day to Carfax, which can help the automaker raise greater awareness of its safety recalls. "Recall completion is critically important to us," stated Jim Roach, senior vice […] [Read More]

TORONTO, Ontario — The Used Car Dealers Association of Ontario recently released a Dealer Alert explaining how the new Harmonized Sales Tax laws impact sales and leases to Status Indians. UCDA stressed to dealers that for a two-month period that began July 1, there will be a 13-percent HST applied to sales and leases to Status […] [Read More]

MISSISSAUGA, Ontario — Kia Canada has rolled out a new marketing campaign designed to not only spotlight the new design of its lineup and the progression of the Kia brand, but also share how the automaker has helped out in the community.  The multimedia "Drive Change" campaign is spread across television, the Web, billboard, cinemas, newspapers and magazines. Furthermore, […] [Read More]