As used vehicle days’ supply continues to grow — sitting at 50.46 during the first few weeks of the month   —  transaction prices for franchised dealers in May are dropping a bit. CNW said in the Retail Automotive Summary released Monday afternoon that in the opening weeks of this month, average franchised transaction prices ($10,958) […] [Read More]

As summer traveling season edges closer, consumer interest may turn to larger, family oriented vehicles or SUVs. The trend may already be evident, as the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com shows SUVs “popping up (as scarce) in some of the DMAs, with Jeep and Volkswagen […] [Read More]

In what appears to be a “lackluster” month, CNW Research is predicting that May will end up being a flat market for used-car sales. But if stagnant sales are puzzling, the firm explains why we’re seeing such a lukewarm environment on the used-car side. Starting with the basics, CNW said in the Retail Automotive Summary […] [Read More]

After a year of multiple acquisitions, Primeritus Financial Services rebranded several of its business service segments. Explaining the methodology behind the decisions, Primeritus Financial Services chief executive officer Chuck Tapp said: “Since the acquisitions of USA Recovery and Renovo over the past year, Primeritus has worked with customers and clients to better align their services […] [Read More]

As the Consumer Financial Protection Bureau prepares its annual report to Congress, the agency wanted specifics of what compliance matters other federal regulators are involved with regarding non-bank entities, which can include franchised and independent dealerships. The Federal Trade Commission, which has jurisdiction over dealers, shared what it had with the CFPB last week. But […] [Read More]

Nearly half of the markets represented among the Top 10 for the highest monthly auto loan payment for a new model in April are located in the same state, according to Edmunds.com. And popular vehicles sold in those areas appear to be pickups. "It's no secret that April was a good month for full sized […] [Read More]

In the last chapter of our “How to sell to Gen X and Y” series, we explored the phenomenon of the “initial consideration set”— the 3.8 cars (on average) that consumers include in their initial research as probable purchases. While you can’t control whether or not one of your vehicle makes/models ends up in the […] [Read More]

With dealers having only so much money they can dedicate toward advertising, Paul Potratz offered three recommendations for dealers of any size that can help to sharpen their promotional message and return on their investment. The chief operating officer and founder of Potratz Partners Advertising outlined these suggestions in an online video titled, “3 Simple […] [Read More]

LeasePlan USA  recently gave back to its community through a bus donation to a children’s shelter, a gesture that now allows the shelter to meet state guidelines concerning transportation of children. The bus was donated to the Atlanta Children’s Shelter, a cause that provides child development and support services for homeless families who are looking […] [Read More]

Most of the metrics included in the latest RDN Monthly Analytics Update indicated downward movement in April. Analysts said April recovery volumes dropped 2 percentage points versus the March level. However, the April reading came in 7 percentage points higher than the year-earlier mark. RDN noticed more declining patterns in terms of recovery orders. April […] [Read More]