NADA Used Car Guide projected that used-vehicle depreciation isn’t going to slow down as the industry approaches autumn. In their August edition of Guidelines, analysts forecasted September’s average drop to be within the range of 3 percent to 3.5 percent; a level slightly less than what was listed in August’s edition of the Official Used […] [Read More]

With the economic recovery slowing and the chance of retirement perhaps becoming slim for many Americans, Colorado franchised dealers now have another option when looking for ways to take the next step. NADART — the financial services division of the National Automobile Dealers Association — revealed its endorsement by the Colorado Automobile Dealers Association.  NADART […] [Read More]

Used-vehicle values have come down a bit lately, but that shouldn’t be seen as prices being soft. It’s quite the opposite, actually. The National Automobile Dealers Association is calling for used prices to climb roughly 2 percent for full-year 2012, says Jonathan Banks, senior analyst with NADA Used Car Guide. [Read More]

As the summer wraps up and Auto Remarketing Conferences continues to plan for the 2012 Used Car Week, organizers revealed late last week that this year’s Women in Remarketing honorees will be recognized with a special awards ceremony during the National Remarketing Conference, scheduled for Nov. 14–16. Auto Remarketing Conferences will be congratulating these women […] [Read More]

Average fuel economy for new cars that shoppers are driving off the lots seems to be rising right along with fuel prices. According to TrueCar.com, fuel economy numbers from June light vehicle auto sales indicate the average fuel economy for new cars sold increased to 23.1 miles per gallon in July 2012, compared to 21.6 […] [Read More]

Education efforts received a helping hand last week,  as both the Reynolds and Reynolds Co. and the Toyota USA Foundation reached out to students with recent endeavors. Reynolds and Reynolds has announced its provision of more than 50 merit scholarships for the 2012-2013 academic year, to students attending colleges in the U.S. and Canada. With […] [Read More]

At Toyota, Brad Heagy — the retail sales & operation manager for TCUV/TRAC programs — emphasized that a great deal of the company’s success in certified pre-owned over the years can be attributed to the fact that “our dealership business partners have invested in the TCUV brand.” And that includes the training that has been […] [Read More]

Approaching their final stretch,the Olympics have led TV ratings and been the center of water-cooler discussions, with the spotlight centered on such athletes as Michael Phelps, Gabby Douglas and Usain Bolt. And for the second week in a row, Kbb.com’s Hot Car Report is showing automakers lucky enough to notch TV advertising spots during the games […] [Read More]

AutoCanada recently entered into a new $240 million revolving floor plan facility agreement with The Bank of Nova Scotia, replacing its existing facility with Ally Credit Canada. Executives explained that the new revolving floor plan facility will be used to finance the purchase of new- and used-vehicle inventory at 21 of AutoCanada’s dealership locations. They […] [Read More]

As part of a series of training sessions scheduled during the remainder of the year, RouteOne is going to host a free Webinar titled, “Managing Adverse Action.” The upcoming Webinar set for 1 p.m. ET on Tuesday will include members of RouteOne’s legal department and product development team. Organizers are looking to educate dealers on […] [Read More]