Although cost is important to car shoppers, it seems that their time is also a big priority, and most aren’t willing to take extraordinary amounts of it just to haggle away at a car’s price tag. In its 2014 Car Shopping Trends Report, Edmunds.com said that while most shoppers at least try to get a […] [Read More]

A TrueCar executive used a medical analogy to describe how the company’s first day of trading on the Nasdaq Global Select Market went on Friday. TrueCar announced the pricing of its initial public offering of 7,775,000 shares of its common stock at a price to the public of $9 per share, a bit below the […] [Read More]

The $35 million fine generated by the consent order from the National Highway Traffic Safety Administration that General Motors agreed to on Friday didn’t surprise analysts from TrueCar and Kelley Blue Book. Now what these industry observers are waiting to see is if the impact triggered by this ignition switch recall controversy will eventually work […] [Read More]

 After boosting its global used-car retail sales by nearly 16 percent in the first quarter, Group 1 Automotive announced late last week a new stock offering. The dealer group revealed the pricing of its private placement of $350 million of 5 percent senior unsecured notes due in 2022. The offering size was increased to $350 […] [Read More]

In and of itself, the fact that 36 percent of taxpayers who expected to receive a refund check this year planned on spending at least part of those funds on auto-related items isn’t all that out of the ordinary, according to a survey from eBay Motors. While that proportion was up 3 percentage points from […] [Read More]

The six fastest-turning used-vehicle brands for franchised dealers in the first quarter were all from Japanese automakers, who have an overall lead over their Big 3 and fellow import brand counterparts in terms of days-to-turn in the pre-owned market. But despite this, says Edmunds.com, the biggest improvements in used-car turn rates for franchised dealers over […] [Read More]

In a list that could prove to be an additional selling point for dealers trying to move used cars with budget-conscious shoppers, AutoTrader.com released a list of what it considers to be the strongest pre-owned options for under $20,000. The list of the 10 deals, which was published Wednesday, is quite diverse, spanning nine different […] [Read More]

Shoppers have another option when trying to nail down the best rate for a new car as well as gauge their new vehicle's affordability based on income. The initial release of the monthly U.S. Auto Buyer’s Affordability Index (ABAI) from Requisite Press LLC gives shoppers and dealers a point of reference when researching new-car gauging affordability. […] [Read More]

Preferred Warranties Inc., provider of vehicle service contracts for pre-owned vehicles, has named a new sales manager for the company’s Mid-Atlantic Region.   Steve Chapman will oversee the sales activities of seven consultants, as well as business development for PWI’s territory, which includes Pennsylvania, Delaware, West Virginia and parts of Maryland and Virginia. “Steve’s proven […] [Read More]

Skip-tracing and forwarding company A. Smith Enterprises recently selected Vendor Transparency Solutions as an online compliance monitoring platform. Because of the importance of detailed compliance, A. Smith Enterprises chose VTS since the firm offers a platform to serve present and future needs of the industry. A. Smith Enterprises pointed out that VTS works for the […] [Read More]