Who’s buying cars and who’s getting rid of them? Online automotive lease marketplace Swapalease.com has noticed some trends when it comes to which states are gaining more cars and which are losing units. The site facilitates lease transfers online and the company says it has first-hand knowledge of how online automotive marketplaces have altered the […] [Read More]

Following a pilot program where dealerships achieved an average of nearly $85,000 in annual profits via their service departments, Reynolds and Reynolds has announced the broad launch of its Service Price Guides Master Certification Program. The program is aimed at dealerships that have the goal of increasing their usage of the company’s ERA SPG service […] [Read More]

Vincentric recently unveiled its first-ever Best Value in Canada awards, recognizing brands and individual models based on cost-of-ownership data. Topping the list was Toyota, which not only earned the brand award for passenger cars, but also earned awards in 10 individual vehicle categories. Mercedes-Benz was named best value luxury brand, and GMC earned honors as […] [Read More]

World Omni Financial Corp. revealed Wednesday it has named a new president. Tapped for the position is Dan Chait, who joined World Omni in 2002 after holding senior-level positions at US Airways, AutoNation and UniCaptial Corp. Chait, who most recently served as senior vice president at World Omni, will be replacing Frank Armstrong, who has […] [Read More]

For Ed Rykulski, fostering the certified pre-owned culture begins with putting as many vehicles as possible through the certification process. “First of all, we feel the most important thing is to certify every vehicle that you possibly can,” said Rykulski, the used-car manager at Al Serra Auto Plaza in Grand Blanc, Mich. “Second of all, […] [Read More]

Women are now the fastest growing segment of new- and used-car buyers. Typically, however, women car buyers don’t lease nearly as much as men.    The consensus among dealers is that women buy new and used cars, but they infrequently consider leasing. When considering “Should I buy or lease?” many women are fueled by the […] [Read More]

In the aftermath of Hurricane Sandy, the physical damage caused by the storm to dealerships all along the East Coast is being assessed.  And in many cases, dealers are still waiting to have power and communication service restored.  But it is the disruptions that aren't visible to the naked eye that could have the biggest […] [Read More]

Much like the prediction Black Book released last week, the National Automobile Dealers Association is also expecting used-car prices to spike in the wake of Hurricane Sandy after the supersorm destroyed thousands of vehicles. In fact, NADA is predicting that as a result of the storm, December prices of used vehicles up to 8 years […] [Read More]

As the vehicle damage from Hurricane Sandy continues to be sorted out, Carfax’s Mike Platts is teaming up with the National Automobile Dealers Association for a webinar tomorrow that will look at best practices for working with customers who are considering buying previously damaged cars. The free webinar — which begins at 1 p.m. EST […] [Read More]

The most recent RDN Monthly Analytics Update indicated September recovery volumes increased 4 percentage points from August levels. But, the September reading still settled 4 points below year-ago levels. RDN indicated September recovery orders climbed 6 percentage points from the previous month and also increased 5 percentage points year-over-year. The RDN Recovery Market Trend Summary […] [Read More]