Edmunds.com, reported that the average manufacturer incentives per vehicle sold in the United States was $3,146 in September 2004, up $425 or 15.6 percent from August 2004, and up $524 or 20.0 percent from September 2003. This is the highest industry average since Edmunds began tracking manufacturer incentives in January 2002, and Edmunds. believes incentives have never been higher.
Read More →Chrysler Group,demonstrating its growing presence within the Certified Pre-Owned Vehicle (CPOV) segment by offering one of the most comprehensive coverage packages for certified pre-owned vehicles, posted sales of 7,857 certified pre-owned vehicles September, an increase of 23 percent over September 2003 sales. Third quarter sales improved 18 percent to 23,877 units, while calendar year-to-date
Read More →Certified pre-owned (CPO) vehicles have become an increasingly significant part of automakers' sales and marketing programs. According to a new study conducted by New Jersey-based research and consulting firm, TechnoMetrica Market Intelligence, CPO sales are expected to reach approximately 1.6 million units by year's end, up significantly from the 516,000 units sold in 2000.
Read More →Atlanta-based DataScan Technologies, LLC has acquired Vehicle Inspection Services, Inc. (VIS), a full-service vehicle inspection company. DataScan, a provider of wholesale floorplan finance accounting and risk management systems and services, performs floorplan audits for banks, captives and other financial institutions throughout the U.S. The acquisition will allow DataScan to offer a wider ran
Read More →Mack Trucks, Inc. has established a Premium Used Trucks program to help its dealers capitalize on demand opportunities for quality pre-owned Mack vehicles, particularly highway tractors, the company announced.
Read More →PRIMEDIA's IntelliChoice, a source for automotive ownership cost and value analysis, has announced the winners of the sixth-annual ranking of certified pre-owned (CPO) vehicle programs.
Read More →The National Auto Auction Association announced the appointment of Frank Hackett as the association’s new executive director, effective Oct. 22.
Read More →Ford Motor Co.'s all-new Five Hundred sedan and Freestyle crossover vehicles are projected to have an estimated resale value that is among the highest of any Ford car in recent memory, according to the Detroit News newspaper.
Read More →Carfax has joined American Honda Motor Co. in support of its Honda and Acura Certified Pre-owned programs (CPO).
Read More →In a move that signals increased industry adoption of its financing solution, Fourth Fleet Financial, an auto financing company, has expanded its agreement with Remarketing Services of America, Inc. (RSA), a unit of Fiserv.
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