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Luxury Automaker’s CPO Sales up 12%

For the month of March 2012, Porsche’s Approved Certified Pre-Owned vehicle sales were 862, compared to 770 last year – a 12 percent increase. Year-to-date, Porsche’s CPO sales are up 14 percent (2,367 vs. 2,073).
Apr 6, 2012
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Black Book Promotes Jeff Bunch Promoted President of Lender Solutions

Gainesville, GA – Black Book announced today that Jeff Bunch has been promoted to the position of Vice President of Lender Solutions.  In this role, Bunch will be responsible for leading Black Book’s efforts to increase revenue growth from the l
Apr 6, 2012
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AutoTrader Classics Hosts “Ride or Restore” $10,000 Sweepstakes

ATLANTA — Want the opportunity to win money towards the purchase or modification of a classic or performance car?  One lucky winner will score $10,000 as the grand prize winner in AutoTrader Classics’ “Ride or Restore” sweeps
Apr 6, 2012
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BMW Certified Sales Up 10%

In March, sales of BMW used vehicles (including certified pre-owned and pre-owned) increased 10.2 percent to 16,278 vehicles from the 14,773 vehicles sold in March 2011.  January through March, BMW used vehicle sales are up 5.4 percent on volume of
Apr 6, 2012
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Mercedes-Benz CPO Program Down 3% in March

Through the Mercedes-Benz Certified Pre-Owned (MBCPO) program, MBUSA sold 6,994 vehicles in March; a -3.3% decrease when compared to March 2011 (sales of 7,236 vehicles).  On a year-to-date basis, MBCPO sold 19,924 vehicles, an increase of 2.0% over
Apr 6, 2012
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AIADA: Small Cars Lead Sharp Rise in Sales

Alexandria, VA – The American International Automobile Dealers Association (AIADA) today released March 2012 sales figures for the international nameplate automobile industry. AIADA represents America’s approximately 10,000 international nameplat
Apr 6, 2012
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Chevrolet, MTV Scratch survey key attitudes toward car ownership from new generation

NEW YORK – Nearly 70 percent of Millennials – the generation of young Americans ages 11 to 30 years old – consider the purchase of their first car to be a key marker on the road to adulthood, according to research conducted by Chevrolet and MTV
Apr 6, 2012
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FTC Charges that Auto Loan Schemes Falsely Promised They Could Stop Consumers’ Cars from Being Repossessed

WASHINGTON — The Federal Trade Commission filed charges and requested that a U.S. district court put a stop to the allegedly deceptive tactics of two California-based auto loan modification operations.  The FTC asserted that the two separate o
Apr 6, 2012
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Data: Higher Gas Prices and Easier Credit for Less-Qualified Buyers Means Shift to Smaller Vehicles

WESTLAKE VILLAGE, Calif. — While sales of new light vehicles in the United States continued at a brisk pace in March 2012, the types of vehicles being purchased, as well as the types of buyers and the average transaction price are rapidly chan
Apr 6, 2012