CAFE standards and fuel efficiency have been water cooler topics for dealerships and OEMs, alike, as gas prices flew over $4 last year and manufacturers look into ways to increase MPG. But what about the dealership itself? Could dealers improve their bottom lines by increasing their stores’ energy efficiency? In an effort to help dealers […] [Read More]

One presenter, who focused his workshop on driving online customer traffic at the 2012 NADA Convention & Expo, will be speaking again at this year’s upcoming event. Pat Ryan Jr., founder of FirstLook and MAX Systems, will present again in Orlando, but this time, “he’ll share the secrets behind hooking young shoppers,” officials noted. [Read More]

With the merger of Manheim Automotive Financial Services and Dealer Services Corp., a new inventory finance entity has been announced this morning. NextGear Capital is the new name for the merged lenders, following Manheim’s acquisition of DSC in 2012.   The floor plan company — which said it serves more than 17,000 dealers and 1,000 […] [Read More]

As the auto lending industry continues to strengthen in an environment with more regulation, organizers of the 17th annual Vehicle Finance Conference & Exposition are again bringing together top executives who plan to share their perspective on the auto finance world. Chris Stinebert, president and chief executive officer of the American Financial Services Association, said, […] [Read More]

The National Independent Automotive Dealer Association once again endorsed RouteOne as the credit application management system of choice for independent stores in 2013.  As an endorsed NIADA National Member Benefit Partner since 2009, RouteOne has assisted NIADA’s 20,000 independent dealer members with streamlining their F&I process through the utilization of RouteOne’s credit application network. “RouteOne […] [Read More]

Mercedes-Benz has once again swept the top spots in the annual report from Women-Drivers.com that highlights what women consider the top car brands. The luxury carmaker’s dealers were not only lauded as the best for the female shopper’s purchasing experience, they also claimed top honors for the browsing experience, as well. But Mercedes-Benz wasn’t the […] [Read More]

Though closing rates are improving by brand across the industry, J.D. Power and Associates said this trend may be directly linked to a decrease in customer satisfaction with the final delivery of their vehicle. In this month’s Analyst Note, the company suggested that focusing solely on “closing rates may blur the bigger picture for many […] [Read More]

As used supply is expected to decrease minimally in the near future, ALG reports this tightening of used inventory may lead to a rise in residual values in Canada. In its latest Industry Report, the company said it anticipates the decreasing Canadian used-vehicle supply will lead to a 0.2 percent increase on residuals, on average. […] [Read More]

Check your inboxes as February gets under way: Auto Remarketing Canada Digital NewsMagazine is set to launch this coming week, bringing you all the top quality news from your e-newsletters and much more in one easily accessible place! From subway trains to busy conferences, auctions and more, people in the high-speed automotive industry rarely have […] [Read More]

Apparently, retail consumers weren’t the only ones buying more cars in 2012. Commercial-fleet sales were booming, as well, ending the year 41 percent above 2011 yearly levels. In 2012, the industry saw 5.7 million commercial-fleet units sold — or 39 percent of total deliveries, according to CNW’s latest Automotive Retail Summary. [Read More]