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Cars.com Study: CPO shoppers value quality assurance, peace of mind

With their manufacturer-backed warranty and quality assurance, certified pre-owned vehicles are gaining interest among car shoppers. For manufacturers, CPO programs can attract shoppers to the brand who aren’t yet ready to purchase a new vehicle, b
Nov 14, 2012

Edmunds.com Picks Top New Vehicles in 2013 New Car Buying Guide

SANTA MONICA, Calif. — Edmunds.com, the premier resource for car shopping and automotive information, has published its 2013 New Car Buying Guide, which offers comprehensive information and editor recommendations for every vehicle in the class of 2
Nov 14, 2012

Used-Vehicle Prices to Increase in Aftermath of Hurricane Sandy

McLEAN, Va. — Used-vehicle prices are expected to increase in the near term after Hurricane Sandy destroyed thousands of vehicles. The National Automobile Dealers Association is predicting that prices of used vehicles up to 8-years-old will inc
Nov 6, 2012

Five Used Vehicle Challenges to Address in 2013

In the past several months, I’ve spent a great deal of time discussing and researching the current and future challenges confronting dealers. This work has fed my upcoming third book, “Velocity overdrive: The road to reinvention.” It highlights
Nov 6, 2012

Hertz Extends Tender Offer To Acquire Dollar Thrifty

PARK RIDGE, N.J. — Hertz Global Holdings, Inc. (NYSE: HTZ) announced that it has extended the expiration date of its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group,
Nov 5, 2012

Edmunds.com on Used Car Market and Hurricane Sandy

According to Edmunds.com Director of Analysis Dr. Ray Zhou offers his assessment how the USED car market will be affected by Sandy’s devastation: “Used vehicle prices will increase $700 to $1,000 in the impacted area short term due to the damages
Nov 1, 2012

Luxury Certified Pre-Owned Auto Sales Up in October

Audi, Porsche and Mercedes-Benz’ certified pre-owned departments had sales increases in October 2012: Audi:Audi Certified pre-owned sales of 2,663 vehicles sold amounted to the second-best October in Audi history, despite the reduced inventory
Nov 1, 2012

BMW Pre-Owned Vehicle Sales Down 5%

In October, sales of BMW used vehicles (including certified pre-owned and pre-owned) decreased 5.3 percent to 12,563 vehicles from the 13,262 vehicles sold in October 2011.  January through October, BMW used vehicle sales are up 1.8 percent on volum
Nov 1, 2012

There’s Still Gold in Them Hills

Following trends in the new-and used-car markets is always interesting. Usually market fluctuations can be easily identified and related to external forces, such as a natural disaster or various economic uncertainties. In other instances, there are f
Nov 1, 2012