Wholesale
Year-End CPO Sales Fall, but Some Brands Post Strong Improvements
Friday, Jan. 8, 2010, 01:59 AM
Auto Remarketing Editor Joe Overby
TORRANCE, Calif. — Yearly certified pre-owned sales in 2009 were down almost 10 percent from 2008 — a year that saw several brands break full-year records as the industry's certified sales climbed 1 percent — but it wasn't all doom and gloom in the CPO market during the final month of the year. Despite the overall softening, some automakers […] [Read More]
Edmunds.com Examines Drop in December Incentives
Wednesday, Jan. 6, 2010, 11:59 AM
Nick Zulovich
SANTA MONICA, Calif. — Edmunds.com analysts found the percentage of new-vehicle sales in December that came from old model-year units was down significantly from the same period of 2008, and this greatly influenced incentives. As a result, they discovered that the average incentive was $2,542 per vehicle sold in December 2009. That incentive was 6.7 percent lower or $167 less […] [Read More]
Time Dealer of the Year Award Nominees Announced
Wednesday, Jan. 6, 2010, 11:58 AM
Auto Remarketing
NEW YORK — The nominees for the the Time Magazine Dealer of the Year Award were recently unveiled, and a total of 45 dealers are in the running for the honor that's been given for the past 40 years by the magazine in partnership with Goodyear. The honor will be given during the opening session of the […] [Read More]
Domestic OEM Leads IntelliChoice.com’s Best Deals for January
Wednesday, Jan. 6, 2010, 11:57 AM
Auto Remarketing
IRVINE, Calif. — When IntelliChoice.com revealed its "Best Deals of the Month" for the first time in 2010, a domestic automaker had one of its best showings ever. The site shared its rankings for January and highlighted that models from General Motors topped many segments because of extensive rebates and incentives. Officials reiterated that GM often does well […] [Read More]
RVI Group: Four-Year Used-Price Climb on Horizon
Monday, Jan. 4, 2010, 03:59 AM
Auto Remarketing
STAMFORD, Conn. — Used-car prices are likely to climb 5 percent this year and continue to show growth through the next four years, according to the RVI Group. The company is anticipating the year-over-year upswing in used prices to reach a peak of 13-percent in 2012 before starting to stabilize. Specifically, the RVI forecasts that the Manheim […] [Read More]
CarMax Names Most-Searched Vehicles of 2009
Monday, Jan. 4, 2010, 03:58 AM
Auto Remarketing
RICHMOND, Va. — CarMax found that used-vehicle shoppers coming to its Web site in 2009 had diverse tastes. While the Honda Accord was again the most sought-after vehicle, newcomers such as the Jeep Wrangler and Chevrolet Silverado broadened the scope of potential purchases. CarMax officials determined that the Honda Accord topped their list of most-searched vehicles […] [Read More]