National Automobile Dealers Association chairman David Westcott emphasized support for diversity in all aspects of vehicle retailing during a recent speech to the National Association of Minority Automobile Dealers at its annual meeting in Miami. Westcott, a franchised dealer in Burlington, N.C., said, “As a national trade association that represents all dealers, NADA is committed […] [Read More]

Stocking the new cars that are most appealing to customers may bring more shoppers out to your lot.. And these very same vehicles are likely to catch more eyes in the pre-owned department when the trade-ins hit the market. J.D. Power’s 2013 U.S. Automotive Performance, Execution and Layout (APEAL) study was released Wednesday, with the […] [Read More]

If there ever was any hesitancy among women to lease vehicles, it appears that is going to change quite dramatically, according to a recent survey from Swapalease.com. The national online car lease marketplace recently conducted an online poll of 700 drivers this spring, and found women have shifted gears when it comes to leasing. The […] [Read More]

Recovery Database Network recently introduced its Compliance Dashboard and Automation Center, a tool aimed at providing lenders with a visually dynamic way to easily assess key recovery performance data and monitor recovery vendor compliance with performance standards. Integrated into RDN’s recovery management software and available to subscribers at no additional cost, the company insisted the […] [Read More]

As dealers gauged availability of credit for subprime buyers and experienced jumps in F&I gross profit per unit, a total of 60 percent of the respondents who participated in the Monthly Dealer Survey orchestrated by KeyBanc Capital Markets saw an increase in used-vehicle sales volume during the second quarter. What sparked the positive developments? The […] [Read More]

When Black Book Lender Solutions analyzed historical vehicle segment data and developed projected retention levels for the next 12 to 24 months, three specific kinds of units distinguished themselves from the 24 individual categories. Those three segments included compact cars, midsize cars and full-size pickups. These three model categories pushed the overall retention readings to […] [Read More]

Commercial demand evidently isn’t the only trigger for pickup interest, as a new report by Jumpstart Automotive Group showed interest among online vehicle shoppers for trucks — especially small models — are at levels not seen in five years. Jumpstart examined its portfolio of sites — including Car and Driver, U.S. News Automotive, J.D. Power […] [Read More]

Earlier this week, IHS completed its acquisition of R.L. Polk & Co., including Carfax, through a deal first announced on June 9 and closed on Monday. IHS president and chief executive officer Scott Key reiterated this week that the combination of Polk with IHS Automotive is designed to create a comprehensive capability that will significantly […] [Read More]

According to June’s TradeTracker Used Vehicle Market Report, the Ford F150 is back on top as the No. 1 most appraised vehicle in Canada during June, after being ousted from the spot in May when the Mazda 3 topped the charts. These reports are provided monthly to Auto Remarketing Canada and are a result of […] [Read More]

This morning, Contact At Once is releasing a list of the 20 vehicles that shoppers have mentioned the most in their online chats with dealers this year. The leader of the pack? The Toyota Camry. The company’s semi-annual list of Most Chatted About Vehicles is based on 3.2 million chats hosted between consumers and dealerships […] [Read More]