Wholesale
New Conference Announced by Cherokee Automotive Group
Friday, Feb. 12, 2010, 02:00 AM
Auto Remarketing
CARY, N.C. — Cherokee Automotive Group, publishers of the Auto Remarketing and SubPrime Auto Finance News media brands, conferences and owner of the Pre-Owned Auto Dealers Alliance, has announced the latest in its series of automotive industry events: The Automotive Economic Forecast & Financial Forum, to be held May 10-11, 2010 in Chicago. The event is […] [Read More]
DMV Nationwide Announces Carfax Integration
Friday, Feb. 12, 2010, 01:54 AM
Auto Remarketing
DELRAY BEACH, Fla. — Thanks to a recent partnership, dealers using DMV Nationwide, a Web site that lets dealers calculate taxes and fees for all 50 states, can now access Carfax Vehicle History Reports while simultaneously utilizing DMV Nationwide's services. In other words, dealers can log into www.dmvnationwide.com and run a Vehicle History Report on a […] [Read More]
Gumiyo Offers Free Facebook Dealer Inventory Application
Thursday, Feb. 11, 2010, 01:57 AM
Auto Remarketing
CALABASAS, Calif. — Dealers looking for a free application to enhance their presence and post inventory listings on Facebook now can choose the one released Wednesday by Gumiyo, a provider of mobile marketing solutions. Gumiyo executives said that their MyShowroom Facebook application can be coordinated with the offerings from other dealer solution providers and media companies. […] [Read More]
CPO Sales Soften from Record Year-Ago Numbers, but Some Brands Report Gains
Wednesday, Feb. 10, 2010, 12:00 PM
Auto Remarketing Editor Joe Overby
TORRANCE, Calif. — In the first month of the New Year, certified pre-owned vehicle sales showed a significant slowdown from the record-breaking numbers of January 2009, but there remained some bright spots in the market. Specifically, CPO sales reached 109,554 units in January, according to Autodata Corp. statistics. This marked a 22.2-percent decrease from the year-ago […] [Read More]
How Have Toyota Recalls Impacted Consideration, Pricing Trends?
Wednesday, Feb. 10, 2010, 11:58 AM
Auto Remarketing
SANTA MONICA, Calif. — Analysts from TrueCar.com found significant gains in consumer consideration for a quartet of brands in the wake of recent Toyota recalls. However, they learned the average pricing trends remained mixed. The four brands that gained traction against Toyota, according to TrueCar.com, included Honda, Ford, Hyundai and Kia. "Toyota has taken a real […] [Read More]
Contact At Once, Carfax Partner
Wednesday, Feb. 10, 2010, 11:56 AM
Auto Remarketing
ATLANTA and CENTREVILLE, Va. — Contact At Once and Carfax announced a partnership on Wednesday that's intended to make dealer-purchased Carfax Vehicle History Reports available when consumers chat online with dealer personnel. Dealers who use the Contact At Once online chat solution now can determine if a vehicle being discussed has a Carfax Report. A link […] [Read More]
WheelsTV Announces Pre-Owned Vehicle of Year
Wednesday, Feb. 10, 2010, 01:58 AM
Auto Remarketing
ACTON, Mass. — WheelsTV unveiled its inaugural Pre-Owned Vehicle of the Year Award, and taking the honors was the seventh-generation Honda Accord (2003-2007). Officials praised the model-year 2003 to 2007 Accord for its "peppy" response, strong fuel economy and for receiving "virtually no major consumer complaints." The model was also lauded for its smooth ride and top […] [Read More]
FirstLook to Launch New Stocking Guide for Dealers
Tuesday, Feb. 9, 2010, 01:55 AM
Auto Remarketing
CHICAGO — FirstLook is rolling out an upgrade to its Market Smart Inventory Management System that can help dealers spot the best-selling models in their respective markets while also providing information about scarce or over-supplied units, as well. The Market Velocity Stocking Guide will be introduced at the upcoming 2010 National Automobile Dealers Association Conference and […] [Read More]
KBB Trims Values on Recalled Toyota Vehicles, Discusses Broader Recall Implications
Monday, Feb. 8, 2010, 04:00 AM
Auto Remarketing Editor Joe Overby
IRVINE, Calif. — Although the automaker has thrived on its reputation for "quality," Toyota's recent recall has the potential to spiral into significant downward pressure on used values for the brand, according to Kelley Blue Book analysts. As of the end of last week, KBB had already cut the values of the affected models anywhere from […] [Read More]
Auction Prices Soften at Year’s End; More Canadians Come to U.S. for Inventory
Friday, Feb. 5, 2010, 12:00 PM
Auto Remarketing Editor Joe Overby
ATLANTA — After hitting its highest level in almost two years during the final month of the third quarter, the Manheim Canada Used Vehicle Value Index was pushed down by seasonal softening to close the year, according to the company's latest Canadian Automotive Brief. "Even with a reduced volume of higher-priced factory units, the Manheim Canada […] [Read More]