The mid-year Automotive Franchise Activity Report from Urban Science showed that as the number of franchised dealerships has fallen slightly this year, average new-vehicle sales per dealership are up. But the increases are not expected to continue. Auto Remarketing asked John Frith, vice president at Urban Science, why he thinks this year’s throughput levels — […] [Read More]

Hybrid and electric vehicle values are falling faster than any other segment, even though fuel prices remain above $4 per gallon in many states According to Kelley Blue Book’s latest Blue Book Market Report, hybrid and electric vehicle value declined exceeded 3 percent in July, topping the charts for depreciation this past month. Alec Gutierrez, […] [Read More]

Starting in 1791, and with just a few rare exceptions, Congress has disbanded during the dog days of summer to return to their home districts for rest, relaxation, and some good old-fashioned politicking. These district work periods, traditionally held during the month of August, provide legislators with an opportunity to escape from Washington, D.C.’s sweltering […] [Read More]

There’s a bit of an odd coupling when you look at the types of vehicles that have generated the most traction among used-vehicle shoppers on KBB.com. But as Kelley Blue Book’s Arthur Henry points out, there are perfectly good reasons for that. In the latest Hot Used-Car Report from KBB, Henry’s analysis indicates that the […] [Read More]

Penske Automotive Group’s same-store used retail sales jumped more than 17 percent year-over-year in the second quarter, part of what Manheim’s Tom Webb calls a “pretty picture” for the used operations of the seven publicly traded dealership groups. Penske was the most recent public retailer to announce quarterly results, and much like its peers, it […] [Read More]

The National Automobile Dealers Association reiterated its disagreement this week following voice-vote approval by the U.S. Senate Commerce Committee of S.921, the Raechel and Jacqueline Houck Safe Rental Car Act of 2013. NADA said that the bill would regulate businesses with fleets of five or more rental vehicles (including dealerships that provide loaner vehicles) and […] [Read More]

Days’ supply of used vehicles appears to be on the verge of declining sequentially for the fourth straight month, according to CNW Research. And if it falls any further, used prices may see “significant” hikes across the board, the firm said. CNW estimated July’s days’ supply of used units to be at 46.02. That’s down […] [Read More]

NextGear Capital announced a new vice president of operations and business development on Tuesday. Named to the role was Peter Grupposo, who will head up the company’s market portfolio strategies and field operational structure. He will be based at corporate headquarters in Carmel, Ind. Grupposo’s most recent post was as a regional director for NextGear […] [Read More]

Organizers of the North American Repossessors Summit revealed the dates and theme of their sixth annual event, which for the first time is being hosted by the American Recovery Association, Allied Finance Adjusters and Time Finance Adjusters. NARS 2014 is set for March 20—22 with the theme “Reclaim Your Industry.” Organizers say they’re focused on […] [Read More]

The budget advice McDonald’s is handing out to its employees probably would only dedicate enough money to purchase the lowest-end vehicle at a typical buy-here, pay-here dealership. BHPH stores often cater to customers whose primary source of income might be as a worker at fast-food restaurant such as McDonald’s. But the chain recommended the employees […] [Read More]