The brand rankings in the 14th annual ALG Residual Value Awards winners announced this morning marked both a sweep and reclaimed crowns. Honda took top honors on the mainstream brand side following a three-year absence from the No. 1 spot, while Acura ranked first on the luxury side, ending a two-year absence. These brands combined […] [Read More]

The fiscal cliff is all the talk in Washington, D.C., nowadays since lawmakers must decide if the Bush-era tax cuts and a 2-percentage point payroll tax deduction among other elements will be extended by Jan. 1. Kelley Blue Book did some calculations recently to find out exactly what these tax issues mean to a typical […] [Read More]

These days, a dealer can assume that most every customer that comes through the store’s doors has searched the Internet once or twice before deciding on a dealership to try out. But how and when are shoppers turning to search engines, dealership websites and third-party sites during the shopping process? For a special "Advertising Ideas […] [Read More]

A behind-the-scenes look at one of the nation’s largest auto auctions and its processes was the latest course of study for students of the Auction Academy. The Academy’s inaugural class, dubbed the Next Generation/Sons and Daughters, took part in a two-day curriculum offering insights into the detailed preparations and processes used by Southern Auto Auction. […] [Read More]

In keeping with its goal of serving all professionals within the collateral recovery industry, Recovery Industry Services Co. formally introduced the Buy-Here, Pay-Here Collateral Recovery Certification Program. RISC said this comprehensive certification program has been endorsed by the National Alliance of Buy-Here, Pay-Here Dealers and is designed for BHPH stores that service their own in-house […] [Read More]

KAR Auction Services said Monday that it is seeking amendments to its credit agreement, dated as of May 19 of last year. The company explained that amendments to the credit agreement would provide KAR with greater flexibility, including modifications to increase the amount of restricted payments that are, among other things, dividends, stock buybacks and […] [Read More]

In what the company president and chief executive officer Scott Painter says came as a result of “listening and learning” from customers and the industry, TrueCar Inc., revealed Monday a new print and TV ad campaign as well as some newly designed offerings to create a "no-hassle" environment for consumers and dealers. [Read More]

There’s a new leader in performance, breaking a Subaru streak, reports TrueCar.com in announcing its Performance Scorecard results for October. This time, the highest grade by manufacturer went to Toyota, snapping a four-month streak in the lead by Subaru, which tied with BMW for second place in the manufacturer’s slots. Jaguar Land Rover placed third.  […] [Read More]

Litigation and settlements associated with what legal experts have warned dealers about — compliance in connection with advertising — were back at the forefront again last week; this time in the Pacific Northwest. A potential scenario discussed in Auto Remarketing’s special issue focused on advertising coming on Dec. 1 played out between Performance Nissan and […] [Read More]

The success of this year’s Used Car Week is already pushing organizers to get ready for the 2013 event. The series that included the CPO Forum, the Re3 Conference and the National Remarketing Conference drew dealers as well as automaker and auction company executives from throughout the country together for five days of events at […] [Read More]