Easing fuel costs are causing asking prices for some used full-size SUVs — the Chevrolet Tahoe and Suburban in particular — to rise, according to analysis from Cars.com. Among the 10 used models with the biggest price increases this month, the average asking price for Suburbans shot up 19 percent or nearly $7,000 to $43,407 […] [Read More]

When the Consumer Financial Protection Bureau issued guidance regarding the auto finance market in March, many legal observers and dealer principals saw it as a direct attack on dealer participation, a strong income driver for stores’ F&I revenue. However, Dealertrack Technologies associate general counsel Randy Henrick attempted to quell fears that federal regulators were going […] [Read More]

As a recent blog entry from General Motors put it, modern cars are complex machines and even the best-trained dealer technicians need help on occasion with tough service issues they encounter. In its latest “Faces of GM” video blog, the company spotlights the work of its in-house Technical Assistance Center, led bymanager Dale Hall. “This […] [Read More]

After announcing the ninth annual Vincentric Best Value in America awards last week, Vincentric unveiled the winners for the fleet side on Monday. Specifically, the eighth annual Vincentric Best Fleet Value in America awards were led by General Motors, which claimed nine awards, followed by Ford and Toyota, each of which took eight. [Read More]

New information released by AAA shows that American motorists might just have a breaking point when it comes to high gasoline prices, and driving more fuel-efficient cars is the answer for many. According to a new consumer price index developed by AAA, half of U.S. adults consider gas prices to be “too high” when the […] [Read More]

Going into this week’s fifth annual North American Repossessors Summit, the executive director of the American Recovery Association made a call for what he described as “industry unity” in terms of fees and services offered. ARA’s Les McCook stressed that it’s time for all repo associations to “step up and support their members in every […] [Read More]

Through two months of 2013, the year-to-date used-vehicle sales figure for the average franchised dealer was 1.5 percent stronger than where it was a year ago, according to the most recent NADA Dealership Financial Profile. The data indicates that the used-car department of a franchised dealer, on average, generated more than $2 million in sales […] [Read More]

Auto and truck dealers who missed workshops at recent industry conventions have a second chance to find that information, online. The National Automobile Dealers Association has announced that workshops held at the 2013 NADA Convention, as well as the American Truck Dealers Convention, are now available online at www.NADAUniversity.com. “If you couldn’t make it to […] [Read More]

Experian Automotive released findings from an analysis of the hybrid vehicle segment in honor of Earth Day on Monday, showing that market share of hybrid models has increased by 40.9 percent since 2011. The share for hybrids moved up from 2.2 percent in 2011 to 3.1 percent last year. While hybrid vehicles still only make […] [Read More]

While other segments of the economy might be posting sluggish growth, Manheim’s Tom Webb reiterated his upbeat assessment of where vehicle retailing is going. In Manheim’s Auto Industry Brief for April, the company’s chief economist said, “Fortunately, growth for automotive retailing is both more certain and brighter. Autos have outperformed the overall economy since the […] [Read More]