A Chrysler manufacturing plant slated for closure has reversed course, and is now set to build an all-new model and welcome hundreds of new workers. On Friday, Chrysler Group chairman and chief executive officer Sergio Marchionne announced the addition of 800 jobs at the Sterling Heights Assembly Plant in Michigan, to support production of the […] [Read More]

With trees starting to bud in some places and college basketball fans ready to fill out NCAA Tournament brackets, analysts from NADA Used Car Guide are seeing positive signs of spring for dealers, too. Executive automotive analyst Jonathan Banks articulated several specific points in his market overview video for March. “NADA expects the uptick in […] [Read More]

There was a 3-percent month-over-month increase in AuctionNet sales volume in February for cars up to 8 years in age, according to NADA Used Car Guide, which noticed particularly strong increases in transactions of cars from the 2014 and 2012 model-year classes last month. The latest Guidelines report indicates there were close to 1,600 AuctionNet […] [Read More]

There will likely be just a shade under 3 million lease terminations in 2014, according to Edmunds.com, whose data indicates this would be a four-year high. Or, put a different way, “Car shoppers coming off lease will account for some additional 300,000 in new car sales over 2013, or about 40 percent of the expected […] [Read More]

Preferred Warranties, a provider of extended service protection plans to independent used-vehicle dealerships, on Tuesday announced its choice for vice president of marketing and sales. Named to the position is an industry veteran bringing more than 25 years of sales experience, Brian Cosgrove. Cosgrove’s background includes sales, sales training, sales management and marketing roles. As […] [Read More]

Many reports have surfaced that contend Millennials are not interested in new cars and find these purchases less of a necessity than earlier generations. That said, a study from Strategic Vision was released this week that brings up another potential reason Millennials aren’t on your lot. And the answer may be simple: money. According to […] [Read More]

In an effort to sharpen the debt-collection process, ACA International’s research department dissected 14,328 complaints received by the Consumer Financial Protection Bureau during a nine-month span and found five similar conclusions to a previous endeavor conducted last November. The latest analysis stemmed from data collected between July of last year and February of this year […] [Read More]

Here is one of a few notions about leasing that Edmunds.com chief economist Lacey Plache dispels in a recent analysis: it’s just for luxury vehicles. Plache discusses the “mainstream” movement by the leasing market in recent years in a recent post to the website and in doing so, sheds a new light on what many […] [Read More]

In a recent post to the AutoEconomy trends section of Edmunds.com, Lacey Plache — the site’s chief economist — dispels some of the commonly held notions about leasing, and in doing so, illustrates how it has gone “mainstream,” as the title of the post would indicate. And it’s likely to become even more popular in […] [Read More]

In addition to having one of its models make the list of most-popular used vehicles, Subaru made some waves on the new-car side in February, according to Kelley Blue Book, which said this likely indicates some traction with its latest advertising campaign. Three Subaru models were among the 25 most-researched new vehicles on KBB.com last […] [Read More]