In its latest study on certified pre-owned released this fall, AutoTrader.com posed this question to respondents: “Why would you consider purchasing a CPO vehicle?” What the company discovered is that for new-car shoppers, used-car shoppers and CPO shoppers alike, the same two reasons came in at Nos. 1 and 2, respectively. And what were they, […] [Read More]

NCM Associates has announced its plans to reveal its data management tool, LiveAudit, at the upcoming NADA Convention & Expo in San Francisco. The cloud-based application, which NCM claims is the “first-and-only-of-its-kind data management tool,” works with dealership accounting systems to “ensure accuracy and lessen the chance of fraud and financial mismanagement in every department.” Paul Faletti Jr., […] [Read More]

The Women’s Automotive Association International will present six women with its 2015 Spirit of Leadership Award in conjunction with upcoming NADA Convention & Expo activities in San Francisco. The award recognizes “outstanding professional achievements, community involvement, and contributions to the growth and progress of the automotive industry,” and this year it will honor: — Celeste […] [Read More]

Trade-in values are on the rise and it appears that, once again, recent movements are particularly rosy for luxury segments, which have maintained the months-long edge they’ve had over their mainstream peers. The latest issue of Guidelines from NADA Used Car Guide indicates that, overall, there was a 1.2-percent month-over-month increase in trade-in values for the January […] [Read More]

Even though gas might cost about $2 a gallon in many parts of the country, potential buyers still might not be too keen on those fuel-thirsty rigs in your inventory. The J.D. Power 2015 U.S. Avoider Study indicated that fuel-economy remains the most influential factor among the majority of new-vehicle buyers in determining which vehicle […] [Read More]

In an effort to mitigate risk, regulatory experts from Wolters Kluwer Financial Services identified a list of top compliance issues facing U.S. financial institutions in 2015. The company’s experts indicated that heightened regulatory scrutiny, together with the enactment of major new regulations and pending rule changes, will represent significant challenges of varying impact for financial […] [Read More]

Better than four out of five drivers are willing to consider getting a used-vehicle lease that was 3 years old, according to a study released by Swapalease.com. Specifically, Swapalease conducted an online survey of 2,500 drives in November and found that 82 percent are willing to at least mull over this option. Granted, there was […] [Read More]

When shoppers get sick of their old vehicles, will they stay loyal to a tried and true ride, or will it be time to give another brand a shot? A new Experian automotive study highlighted in a recent blog post focused on just that: the loyalty behavior of shoppers who got rid of their previous […] [Read More]

The fact that lease penetration rates have pushed towards the 30-percent range in recent months is “one of the key drivers” to such strong new-car sales, Kelley Blue Book senior analyst Alec Gutierrez said in a conference call with the media on Monday. But what are consequences of such sky-high leasing rates, coupled with the […] [Read More]

Primeritus Financial Services employees worked hard campaigning for their favorite charities throughout 2014. The company’s personnel supported organizations such as the American Red Cross, the American Diabetes Association and A Special Wish Foundation. “Our employees held a highly successful Red Cross Blood Drive and a walk to raise money and awareness for the American Diabetes […] [Read More]