Wholesale
Rusnak Pasadena Porsche Earns Certified Distinction
Wednesday, Jan. 27, 2010, 11:59 AM
Auto Remarketing
PASADENA, Calif. — Rusnak Pasadena Porsche, a part of the Rusnak Auto Group, recently learned its certified pre-owned sales volume was the highest in North America last year. Rusnak officials attributed the success to "paying attention to minor details across all aspects of operations." General Manager Mark Umutyan expanded on that theme. "We went into 2009 […] [Read More]
TrueCar Finds Best Hybrid Deals
Wednesday, Jan. 27, 2010, 11:57 AM
Auto Remarketing
SANTA MONICA, Calif. — Based on transaction data, current customer and dealer incentives as well as federal tax credits, TrueCar revealed what it believes are the best deals for 2009 and 2010 hybrid vehicles. Taking top spot for the current model year was the 2010 Ford Escape, which surpassed seven other domestic vehicles that TrueCar listed […] [Read More]
PureCars Partners with Carfax
Wednesday, Jan. 27, 2010, 11:56 AM
Auto Remarketing
CHARLESTON, S.C. — PureCars and Carfax recently entered into a partnership meant to boost the value of a dealer's inventory that's listed on the Web site. The agreement means dealers can give all visitors to PureCars.com free access to Carfax Vehicle History Reports, which they have purchased for their inventory. One dealer shared how this arrangement would be […] [Read More]
Black Book, Laser Appraiser, Net Profit Join POADA
Wednesday, Jan. 27, 2010, 01:59 AM
Auto Remarketing
CARY, N.C. — The Pre-Owned Automobile Dealers Alliance, a national alliance of dealers and service providers specializing in servicing the pre-owned marketplace, recently added three new Partners to its growing list of industry members. Black Book, the industry source for timely, independent and accurate vehicle valuation data and Web site-based lead conversion tools; Laser Appraiser, an […] [Read More]
Dealer Found Guilty of 11 Deception-Related Felonies
Tuesday, Jan. 26, 2010, 01:58 AM
Auto Remarketing
WASHINGTON, D.C. — In yet another example of the government's crackdown on deceptive auto practices, a Wyoming used-vehicle dealer was convicted in a Cheyenne, Wyo., federal court late last week for conspiracy, five counts of odometer tampering and five counts of securities fraud related to fraudulent motor vehicles titles. Randy Lee (aka Jimmy Lee) was found […] [Read More]
CarMax to Hire for 600 Store Positions
Monday, Jan. 25, 2010, 04:00 AM
Auto Remarketing
RICHMOND, Va. — In what could be a potentially good sign for the used-vehicle industry, CarMax said late last week it looking for candidates to hire for roughly 600 store positions throughout the nation, with a majority being sales jobs. CarMax is also looking to hire in service operations, the business office and purchasing. The company emphasized […] [Read More]
NADA Used Car Guide Offers Appraisal Seminar Tomorrow
Monday, Jan. 25, 2010, 03:59 AM
Auto Remarketing
McLEAN, Va. — NADA Used Car Guide is offering a free online seminar this week that can show dealers strategies for improving their appraisal processes. The "Best Practices for a Dealer's Appraisal Process" will be held at 1 p.m. (EST) Tuesday and is designed to demonstrate how vital the right appraisal can be in boosting customer satisfaction […] [Read More]
ADESA Canada: Auction Prices Show Unusual Softening
Friday, Jan. 22, 2010, 12:00 PM
Auto Remarketing Editor Joe Overby
MISSISSAUGA, Ontario — The ADESA Canada Used Vehicle Price Index declined sequentially for the third consecutive month, as overall auction prices showed a larger than seasonally expected drop. Specifically, ADESA's data — powered by ALG Canada — indicated that the index fell 1.2 percentage points compared to November. "Another consecutive monthly decline in resale prices can be attributed […] [Read More]
DesRosiers: Take Canada’s December Market Upswing with Cautious Optimism
Friday, Jan. 22, 2010, 11:59 AM
Auto Remarketing Editor Joe Overby
RICHMOND HILL, Ontario — Although the Canadian new-vehicle market closed 2009 with a "very respectable" December, the double-digit sales increase shouldn't necessarily be overly celebrated, according to DesRoisers Automotive Consultants. During December, 111,186 new vehicles were sold in Canada, a 17.8-percent upswing from the prior-year period's rather soft numbers. "December sales were very respectable all things […] [Read More]
Mercedes-Benz Canada Spotlights Top Dealers
Friday, Jan. 22, 2010, 11:58 AM
Auto Remarketing
TORONTO, Ontario — Mercedes-Benz Canada recently rolled out its 2010 Star Dealers list, which honors the top nine of its dealers and spotlights how they how contributed to the automaker's success in the country over the last year. Mercedes-Benz Canada determines the Star Dealers, which are chosen from automaker's entire dealer body in Canada, based on […] [Read More]