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]

Honda announced Tuesday it will voluntarily recall roughly 35,000 model-year 2016 Pilot vehicles in the U.S. to update their combination meter software free of charge. According to the company, no market occurrences have been reported related to this non-compliance issue which was discovered via internal testing. Honda says that the software error in the combination […] [Read More]

Two-hundred million dollars. That’s the high end of the fine that vehicle-part manufacturer Takata will have to pay the Department of Transportation’s National Highway Traffic Safety Administration for its indiscretions in violating the Motor Vehicle Safety Act with its handling of defective airbag inflators. With an initial penalty of $70 million due in cash, the […] [Read More]

If you’re hungry for some certified pre-owned sales data (and really, who isn’t?) and can’t wait until industrywide numbers are reported, here’s an early rundown of folks sharing October results thus far. Kia posted had its best October ever for CPO, with 5,025 sales. This was up 17.57 percent year-over-year. In 10 months, Kia has […] [Read More]