Remarketing

Prices of used SUVs, crossovers surge 30% from last year, Edmunds says

4:12 pm U.S. ET | Aug. 20
Some used SUVs and crossover vehicles are selling at retail for 30 percent more than they did last year, in a sign of how high used-vehicle prices remain. But on average, prices of used vehicles retreated again in July from record levels this spring.... Read More »
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Auction thief strikes again, this time in Tenn.

2:42 pm U.S. ET | Aug. 20
A thief that uses fake IDs to steal cars from auto auctions has struck again.... Read More »
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Detroit 3 dominate fleet sales in 1st half

12:01 am U.S. ET | Aug. 9
Vehicles built by the Detroit 3 dominated sales to rental car companies in the first half of the year, according to the Manheim 2010 Used Car Market Report Mid-Year Edition.... Read More »
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REMARKETING

Auction exec says standards will bring confidence

12:01 am U.S. ET | Aug. 9
Jay Cadigan says auto auctions can't do anything about the industrywide shortage of used cars and trucks, but they can make it easier for dealers to buy vehicles online -- and give them more peace of mind when they do.... Read More »
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GM adds spiffs for certified used vehicles

12:01 am U.S. ET | Aug. 9
General Motors Co. announced incentives for vehicles sold under its GM Certified used-vehicle program... Read More »
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For sale, but not repaired

12:01 am U.S. ET | Aug. 9
About 1.4 million used cars and trucks that were recalled but not repaired were for sale in 2009, according to a study by the vehicle history reporting company Carfax Inc.... Read More »
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Sales
AUGUST U.S. SALES

U.S. auto demand falls to weakest level since February

11:02 am U.S. ET | Sept. 1
U.S. auto sales dropped to their weakest rate since February as most automakers posted sharp declines from a year earlier, when the U.S. cash-for-clunkers program fueled demand for new vehicles. August's seasonally adjusted annual sales rate of 10.8 million units fell from 11.6 million in July and was well below analysts' forecasts.... Read More »
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Dealers

Congressman who sponsored dealer exemption may be investigated over fundraising

2:36 pm U.S. ET | Sept. 1
Rep. John Campbell, a California Republican who is a former auto dealer, said the House's independent ethics arm has recommended that he be investigated for possible violations involving fundraising.... Read More »
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Finance & Insurance
FINANCE & INSURANCE

Sonic tries no-haggle F&I prices

12:01 am U.S. ET | Aug. 25
Sonic Automotive Inc., the nation's second-largest dealership group, will begin a test of no-haggle pricing at finance and insurance offices in two markets on Sept. 1. The pilot is part of the publicly held retailer's effort to make shopping faster and easier for customers, says Jeff Dyke, Sonic's executive vice president. Haggling lengthens the transaction time.... Read More »
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Marketing

Ford to drive on 'Vampire Diaries' to tap twist on social media

1:10 pm U.S. ET | Aug. 31
A Ford Fiesta won't crop up in CW's "Vampire Diaries" until early October, but the automaker is trying to get people to talk about it now, even though the fan-favorite show's second season won't hit the screen until Sept. 9.... Read More »
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Service & Parts

Hyundai Sonata steering probed by U.S. regulators

2:16 pm U.S. ET | Aug. 31
U.S. safety regulators have opened a preliminary investigation into claims Hyundai Motor Co.'s best-selling car in America, the 2011 Sonata sedan, may have steering problems. There have been no injuries or accidents reported to the National Highway Traffic Safety Administration or Hyundai regarding the steering issue, government and company officials said.... Read More »
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NADA

As business improves, dealers increase their giving

12:01 am U.S. ET | Aug. 16
Many dealers have scaled back their philanthropy during the recession. An informal survey conducted by Automotive News in July shows that 70 percent of the 132 respondents reduced their donations during the worst of the recession. But the good news is half of that group has restored some or all of that support.... Read More »
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