Study finds undetected transmission issues could cost industry billions
Friday, Jan. 17, 2025, 10:23 AM
NAAA Cybersecurity Task Force begins work with quick start guide for auctions
Friday, Jan. 17, 2025, 09:28 AM
COO Perkovich named new president as RPM founder steps down from CEO role
Wednesday, Jan. 15, 2025, 01:51 PM
Wholesale
Toyota Dealers to Replace Pedals at Customer Request
Wednesday, Mar. 24, 2010, 11:58 AM
Auto Remarketing
TORRANCE, Calif. — If a Toyota customer is not satisfied with the modification to repair his accelerator pedal under the recent recalls, dealers will replace the pedal at no charge, the automaker confirmed Tuesday. Toyota issued a statement responding to apparent media confusion, "Some news accounts have misinterpreted a letter sent by Toyota to its dealers regarding an improved […] [Read More]
Will More Consumers Choose Used?
Wednesday, Mar. 24, 2010, 02:00 AM
Auto Remarketing
RICHMOND, Va. — If the results of a recent survey are any indication, there may be some good news for the used-car market on the horizon, and female shoppers may be a more promising pool of used-vehicle buyers than men. When asked about their vehicle-shopping attitudes in light of potential warming in the weather and the economy, almost one-third […] [Read More]
KBB: Toyota Residuals Likely to Climb Along with Consideration, Safety Perception
Tuesday, Mar. 23, 2010, 01:59 AM
Auto Remarketing
IRVINE, Calif. — In some good news for the embattled automaker, Toyota is likely to gain significant ground when Kelley Blue Book releases its May/June Residual Value Guide. More specifically, KBB projects that the 36-month residual values of new Toyota will be up 4.2 percentage points from a year ago, on average. Granted this underperforms the average overall upswing for […] [Read More]
Webb Highlights Some Recent Market Trends
Monday, Mar. 22, 2010, 03:56 AM
Nick Zulovich
ATLANTA — Manheim's Tom Webb recently analyzed the financial data of the seven largest publicly traded dealership groups for the fourth quarter of 2009. Webb reported in his March Auto Industry Brief that he found positive trends in regard to both gross margins on used-vehicle sales as well as unit volumes. Webb determined that gross margins […] [Read More]
ADESA Canada: High Used, New Inventory Levels at Dealerships Drive Auction-Price Softness
Friday, Mar. 19, 2010, 12:00 PM
Auto Remarketing Editor Joe Overby
MISSISSAUGA, Ontario — Auction values were softer than expected during February, and the ADESA Canada Used Vehicle Price Index fell sequentially for the fifth consecutive month. Resale prices, again, saw a downward impact from the glut of new and used inventory at dealerships, as a number of factors hindered dealers' ability to move units. Specifically, ADESA's data — […] [Read More]
AIA Canada to Host Conference Looking at How Economy is Impacting Aftermarket
Friday, Mar. 19, 2010, 11:59 AM
Auto Remarketing
OTTAWA, Ontario — As the economy in Canada continues to struggle, the aftermarket aspect of the auto industry has been impacted. To shed some light on what the future may bring, the Aftermarket Industries Association of Canada will host a conference to help executives anticipate future trends. The association shared some details this week about the speakers' lineup for […] [Read More]
Porsche Cars Canada’s New Campaign Highlights Unexpected Side of Lineup
Friday, Mar. 19, 2010, 11:58 AM
Auto Remarketing
MISSISSAUGA, Ontario — Porsche Cars Canada recently launched a new marketing campaign that may "surprise" shoppers by highlighting attributes of the brand's vehicles that may not be the first things that come to mind when they think about Porsche. While the automaker's lineup might be better known for its performance, the "Porsche, unexpected" campaign sets out […] [Read More]
Saab Reveals Plans for New Headquarters
Wednesday, Mar. 17, 2010, 11:58 AM
Auto Remarketing
DETROIT — Late Tuesday, Saab Cars North America selected the place that will serve as its new headquarters. Where will the newly independent automaker set up shop? The new headquarters will be in Royal Oak, Mich., which means Saab is keeping about 2,000 jobs in North America. The automaker plans to invest $2.4 million to enhance its U.S. sales and marketing operations […] [Read More]
High Gear Media Rolls Out Auto Site for TV Station
Wednesday, Mar. 17, 2010, 11:57 AM
Auto Remarketing
PALO ALTO, Calif. — High Gear Media recently finished the complete design of an automotive Web site operated by a CBS-owned television station in Minneapolis. The site for WCCO-TV incorporates all of the content produced by High Gear Media, which includes vehicle shopping tools and pricing information, as well as reviews and features from its network […] [Read More]
TFS Offers Toyota Dealers Credits to Certify Recalled Models
Wednesday, Mar. 17, 2010, 01:59 AM
Auto Remarketing Editor Joe Overby
TORRANCE, Calif. — In an effort to support dealers and drive sales, Toyota Financial Services said Tuesday that franchised dealers can now get a $450 credit on each recalled model purchased via various Toyota remarketing Web sites and Toyota-sponsored auctions. The TFS credit can be applied to certify these vehicles, which can ultimately mean lower transaction prices for consumers. […] [Read More]