Toyota says dealers need to respond more promptly to online sales leads for used vehicles. Automaker launching online initiative to encourage dealers to use their Web sites more effectively.
KAR Holdings, the umbrella group over the ADESA companies, says revenues were up almost 13% in the second quarter and 11% for six months. Company officials point to progress on e-business and other technology projects.
CNW Research analyst Art Spinella predicts August used-car sales will drop about 3% despite traditional time when many consumers buy vehicles to return to school. But he sees increased floor traffic and better months ahead.
Car-sharing companies like Zipcar and Flexcar sees potential market in college students. They have lowered restrictions to make it easier for students to use their vehicles, and universities are eager to promote the practice to reduce campus congestion.