Trending Auto Retail News
Honda Recalls CR-V and CR-Z Vehicles
According to The Detroit News, Honda has issued two recalls for two different vehicles. The first recall, the story said, includes about 80,000 2006 Honda CR-V vehicles to replace a switch that may catch fire. The second recall includes the 2011 Honda CR-Z vehicle to...
As Customers Rebuild from Hurricane Irene, Ford Credit Offers Financial Relief
DEARBORN, Mich. -- Ford Motor Credit Company is offering customers affected by Hurricane Irene in the United States the option to delay some car and truck payments. Ford Credit's Disaster Relief Program allows qualified customers to delay one or two monthly payments,...
Edmunds.com Launches Inventory Search Tool for Used Car Shoppers and Dealers Nationwide
SANTA MONICA, Calif. — September 8, 2011 — Edmunds.com, the premier online resource for automotive information, has announced the addition of a used car inventory search tool that makes it easier for car buyers to shop for and compare used vehicles in their local...
U.S. Chevrolet, Buick, GMC and Cadillac Certified Pre-Owned Sales Up in August
Chevrolet, Buick, GMC and Cadillac dealers in the U.S. reported 26,147 sales of certified pre-owned vehicles, an increase of nearly .5 percent compared to last month, and a one percent increase compared to August 2010. Through the month of August 2011, combined sales...
OPENLANE: Overall U.S. Auction Prices Increased in August
Highlights from the September OPENLANE Market Index report include: for the U.S. market index, overall US auction prices in August increased 2 percentage points from the prior month, and ended 4 percentage points above August 2010. Highlights from the September Market...
ALG: Rental Fleet Penetration Impact on Resale Values
ALG, a subsidiary of DealerTrack, has found through its proprietary modeling and research that high rental fleet penetration levels not only have had a negative impact on residual values, but on perceived quality and brand image as well. According to ALG’s...
Manheim Used Vehicle Index Falls for Third Straight Month
Manheim Consulting's monthly auto industry brief reported August 2011 wholesale used vehicle prices decreased when compared with July 2011’s numbers, down 1.7%. The Manheim Used Vehicle Value Index is still up 4.1% (123.7) over August 2010 when it was 118.8 Manheim...
Military.com Launches New Auto Buying Service Powered by TrueCar
MCLEAN, Va. and SANTA MONICA, Calif. -- Buying a car has just gotten much easier for the 10 million registered users of Military.com. The membership organization, which serves active duty personnel in all branches of the U.S. Armed Forces, reservists, guard members,...
vAuto Sales Director Teaches The Value of the New Transparent Selling Process
One of the greatest challenges that has occurred in the used vehicle industry is the recognition that a vehicle needs to be priced to sell rather than to negotiate. As dealers have come to this enlightened recognition, they have experienced a great deal of difficulty...
Digital Marketing and Performance Improvement Consultant Discusses Specific Tips for ‘Customer-first’ Selling
If you’re a pilot, you love a good 10,000 foot view. If you’re a dealer, you need meaty, actionable insight you can bring back to the dealership and apply ASAP. The Cobalt 2010-2011 Automotive EShopper Experience study delivers just that. What are some succinct “news...
F-150 Safety Investigations Closed at Ford
According to The Detroit News, the National Highway Traffic Safety Administration has decided to close an investigation it opened to examine some Ford F-150 trucks. The story said the investigation was originally opened to inspect the fuel tank straps for corrosion.
HookLogic Secures $9.5 Million in Growth Funding from Bain Capital Ventures
NEW YORK –HookLogic today announced a $9.5 million round of financing from Bain Capital Ventures. It is the first institutional investment accepted by HookLogic after six years of profitable growth. The funding will be used to expand the organization and further...
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