1-800-554-1026 April 6, 2015
ON THE WEB: Legislators Seek Recall Solution for Used Cars
www.usedcarnews.com
Certification Eases Alt-Fuel Concerns
Four California lawmakers have introduced a bill that aims to somehow address the large number of recalls issued in the past year. The legislators said they will work with consumers, dealers, manufacturers and rental car companies to craft a comprehensive recall solution.
Credit Scores Create Consumer Confusion
A recent TransUnion survey reveals consumers are largely confused about what affects their credit score and what is included in their credit report. Even consumers who characterize their credit as “excellent” or “good” had trouble identifying credit report factors.
Very Large, Very Small Units Have Lowest Cost
The cheapest 2015 models to insure include two minivans, seven sport-utilities and the tiny Smart Fortwo, according to Insure.com’s annual ranking of the most and least expensive vehicles to insure.
ELECTRIC AFFINITIES: While owners of alternative-fuel vehicles might love their cars, used-car consumers remain wary. That’s why manufacturers are putting special emphasis on pre-owned certification. By Jenny King
Pre-owned certification is designed to create peace of mind for consumers. Rush - Dated Material
And that’s the key to selling used vehicle alternative powertrains. Toyota launched its certified used hybrid program
back in 2009. “We were the first to certify hybrids,” says Dave DePew, Toyota corporate manager, fleet/TRAC/
TCUV. “Our initial certified used vehicle program dates from 1996.” DePew says Toyota was Continued on page 22
Industry Holds Out Hope for Multi-Platform Selling System By Jeffrey Bellant
LAS VEGAS – Comments at a recent remarketing conference kept the dream of an industry-wide multi-platform selling system alive. Although the coalition working on MPS disbanded recently, the issue remained a hot topic of conversation at the Conference of Automotive Remarketing. Ellie Johnson, president of the National Auto Auction Association, discussed the issue during her opening address at CAR. She said auction customers continue to ask for ways to
sell used cars “more efficiently and effectively.” MPS is something that can address this need, she said. “This type of innovation is not new,” Johnson said. “Business arrangements like this have been successfully established in real estate, airline and financial services industries. “With this is mind, I am confident we will keep in mind our customers’ needs and interests front and center. (We will) be open to options that can drive future success for our industry.” Jay Cadigan, Manheim’s group vice president, brought up Continued on page 22
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