Several automotive companies have been recognized recently for their contributions to their employees and their products. First off, Fortune and Great Place to Work recently released the 2015 list of 50 Best Workplaces for Diversity. Among the automotive-related businesses honored were Credit Acceptance (19), JM Family Enterprises (47) and CarMax (48). All of the aforementioned […] [Read More]

It’s a tricky balancing act dealerships play — keeping service bays running efficiently with customers’ units that generate both profit and loyalty while also reconditioning trades and other pieces of used inventory to get them prepared for the retail blacktop. To help service department managers tackle this challenge, research and strategy firm Vennli shared what […] [Read More]

What makes a rental company, well, a rental company? Seems like a simple question, right? Perhaps it is — however, when considering federal legislation, the devil is in the details. That was the cause for a lot of tension last week for the National Automobile Dealers Association and the National Independent Automobile Dealers Association, along with some […] [Read More]

When it comes to the challenges for the independent dealer community, getting ahold of cars seems to be top-of-mind, according to the fall Independent Dealership Action Report from DealerSocket. And if the company’s analysis is any indication, independents may soon change how they acquire used vehicles, as well. A survey in that report asked independents to […] [Read More]

ACA International, the association of credit and collection professionals, is raising concerns over a regulatory enforcement program launched last week by the Federal Trade Commission that officials contend could paint legitimate debt collectors and fraudsters with one broad stroke. The Federal Trade Commission announced the beginning of Operation Collection Protection — a new coordinated federal-state […] [Read More]

You can probably expect nearly 40 million used-car sales this year, according to the latest Manheim Used Vehicle Value Index report.   Citing NADA data, Cox Automotive chief economist Tom Webb said in analysis accompanying the report that that growth in used sales has accelerated since the year’s outset. The full-year sum, he said, should […] [Read More]

John Felice — whose time with Ford dates back to 1984 and includes time with the remarketing department as well as sales in the U.S. and Asia — landed a new executive role on Monday with motormindz, a global automotive professional services and technology company. Felice is now a part of motormindz as a senior […] [Read More]

In the last seven years, the average age of vehicles on the road in the U.S. increased by 15 percent to 11.5 years. How will that rate change in the next five years? According to Mark Seng, the global aftermarket practice leader for IHS Automotive, the company’s prediction is an increase in overall average age […] [Read More]

There’s a lot of chatter regarding the new-vehicle sales heading into the winter, with Kelley Blue Book’s most recent estimate at 17.4 million for the year. But dealers aren’t just concerned with the flash of new sales — they know many of those vehicles will be coming back to their lots eventually, and they want to […] [Read More]

The certified pre-owned market has already eclipsed 2 million sales for 2015, which appears to be the fastest the industry has ever reached this mark in a year.   Autodata Corp. said Wednesday that the year-to-date CPO sales tally through 10 months is at 2.14 million, a full 10 percent ahead of last year’s pace. […] [Read More]