As one Japanese brand earned both the used- and new-vehicle top spots within Kbb.com's latest rankings of most-researched models, the industy as a whole has been surging, according to auto analysts. And that includes both used- and new-vehicle sales for September. With CNW predicting that used sales will reach 3.49 million units for this month,  […] [Read More]

FLD announced today that it has named a director of business development. Hired to the position is Rich Mallek, who has seven years of marketing and sales experience. Mallek previously worked at a full-service interactive advertising and marketing agency in Boca Raton, Fla., and his background also includes positions with a marketing company focused on […] [Read More]

Whether you are more interested in market insights and trends or advertising and digital media strategies, the CPO Forum lets you, as a dealer, customize which workshops work best for you based on your store’s needs and interests. This year’s event will feature brand-new “large-group” workshops, which are designed to be larger than our standard […] [Read More]

According to a post on the Inside Line blog from Edmunds.com, the state where dealers saw the youngest trade-ins flowing on to their lots last month was Oklahoma. The blog entry, written by automotive content editor Warren Clarke, indicates that trade-ins in this state were an average of 4.95 years old in August.  Tied for […] [Read More]

What do kids, credit unions and Enterprise Car Sales have in common? More than you might think. Enterprise Car Sales works nationwide to support Children’s Miracle Network (CMN) Hospitals and the Credit Unions for Kids program, the company noted in a press release this week, through bowl-a-thons, trivia nights, golf tournaments, walks/runs, restaurant nights and […] [Read More]

The second-ever Re3 Conference has new elements this year, including several simultaneous breakout sessions aimed at drilling down into a specific repossession, recovery or remarketing topic. One cluster of those sessions includes: —John Lewis, of Intellaegis, with a presentation titled, “Compliance and Your Responsibilities and Liabilities in Collections, Skip Tracing, Data and Technology.”            […] [Read More]

The MVTRAC Recovery Industry Advisory Board formally announced the implementation of new strategic policies regarding MVTRAC’s business model and associated operations. Members explained the new initiatives were the result of an extensive development and review process, then unanimously voted and later ratified into action at MVTRAC’s annual advisory board meeting. The changes to MVTRAC’s model […] [Read More]

As temperatures begin to cool,  and we pass the middle of the month and look toward October, rising gas prices continue to have a “minimal” impact on used vehicle prices, according to NADA Used Car Guide’s Jonathan Banks. The NADA UCG senior analyst explained that through the first half of the month, compact and midsize […] [Read More]

Independent dealers are having one of their best months in quite some time, and the overall used-vehicle market is likely to improve more than 8 percent in September, according to CNW Research. It is expected that used sales will reach 3.49 million units for the month, which would compare to 3.23 million used sales in […] [Read More]

Though used prices continue to decline, it looks like the slide is slowing, according to CNW’s September Retail Automotive Summary.  As the rate of price decline continues to shrink and used vehicle days’ supply continues to grow, it appears the fourth quarter of this year bodes well for dealers' used-car departments. [Read More]