In findings that should catch the attention of used-vehicle departments, too, a monthly analysis developed jointly by J.D. Power and DealerRater showed a majority of new-vehicle buyers in the United States indicate that it should take no more than two hours to complete a vehicle purchase from the time they walk into the dealer showroom. […] [Read More]

Imagine what would happen if dealers could only offer a fraction for their customer's trade-ins, or could not even send the trade-in vehicle to auction. This could be a dark reality if the Sen. Richard Blumenthal (D-Conn.) used car amendment, which would ground all recalled vehicles at dealerships until remedied, is passed. When a food […] [Read More]

Officials announced recently that ADESA subsidiary PAR North America has been selected as TD Auto Finance’s Repossession Vendor of the Year for the second consecutive year. The company highlighted PAR’s selection was based on outstanding ratings on performance, compliance and communication. PAR was the segment leader in key performance areas, including: — Repossession rate — […] [Read More]

Re3 Conference presenting sponsor Digital Recognition Network (DRN) announced on Tuesday that the company is providing its Event Links product to the National Insurance Crime Bureau (NICB) free of charge. Company officials highlighted Event Links, often used by insurance company special investigative units, uses DRN’s vehicle location data to provide evidence of individual and collusive […] [Read More]

Mercedes-Benz of The Woodlands, a Texas dealer near Houston that opened earlier this year, has announced that it plans to donate 100 percent of its new profits from the month of July to the Johnny Mac Soldiers Fund and the Texas Children’s Hospital. All net profits from vehicle sales, service visits and other transactions conducted […] [Read More]

Another 22 organizations from a wide swath of the industry — auctions, automakers, online marketing as well as finance companies — are now serving as sponsors for a part of Used Car Week. The latest contingent to join the festivities that run from Nov. 16-20 at the Phoenician in Scottsdale, Ariz., includes: CPO Forum Cars.com […] [Read More]

If you’ve noticed your finance office contains a steady stream of customers in their 20s signing new-model lease contracts, don’t be surprised or alarmed. New analysis from Edmunds.com indicated millennial buyers opt to lease their vehicles at a higher rate than the overall buying population. And for dealers in certain parts of Michigan, Minnesota and […] [Read More]

MVTRAC president Luke Smith recently was named the Leukemia & Lymphoma Society's 2015 Man of the Year. Collectively, Smith along with the other candidates from the Illinois chapter raised more than $600,000 to help cure leukemia, lymphoma, Hodgkin's disease and myeloma and improve the quality of life of patients and their families. The 10-week campaign held […] [Read More]

Exactly 239 years ago, a group of prominent individuals got together and created the great nation we live in today. They aspired to build a nation where people could freely voice their opinions and concerns in order to help better the world around them. Then 188 years later (51 years ago), another group of individuals […] [Read More]

Say that four used-car shoppers happen search for your vehicle make online. It’s likely that three will then submit a lead for that specific brand, according to a new whitepaper from CarStory.  And the make most likely to generate “lead loyalty?” It’s Ford. The Lead Loyalty and Intent to Buy Online whitepaper indicates that 84.4 percent […] [Read More]