With technological advances in the fields of in-car technology, as well as fuel efficiency, the list of features consumers might come to expect when in the market for a new car continues to grow. That said, it seems that an age-old concern is still at the front of car shoppers’ minds. [Read More]

Recent automotive retail growth is among the factors cited by DealerTrack as contributing to the company’s achievement of a milestone in number of lenders. On Thursday, DealerTrack announced that more than 1,200 U.S. lenders are now connected to its credit application network. Surpassing this mark sets a new standard in the company’s history, officials said, […] [Read More]

TD Auto Finance has rolled out a vehicle return program this week in Canada that may offer a bit more peace-of-mind when a customer steps on a dealer’s lot. In essence, TD Auto Loan Protection lends a financial hand if a Canadian consumer were to go through a life-changing event like losing their job or […] [Read More]

Average gross profits for Canadian dealers during May were down both year-over-year and month-over-month on both used- and new-vehicle sales, according to data provided by J.D. Power and Associates’ Canadian Automotive Practice. But that might not be the only profit-related challenge facing dealers these days. Some misconceptions among consumers about what dealers are actually making […] [Read More]

It may be time for consumers who have held onto their vehicles since the 2008 recession, waiting for the economy to bounce back, to hit the lots for a new unit. Experian Automotive reported that there are more than 245 million vehicles on U.S. roads, and that the age of vehicles increased when compared to […] [Read More]

In what should be good news for used-car managers looking for luxury models down the road, NADA Used Car Guide contends that lease penetration for high-end models is back to pre-recession levels. Analysts indicated that the lease rate for luxury units hit 45 percent in 2011, and the rate stood at 44 percent through the […] [Read More]

On Wednesday, the National Automobile Dealers Association welcomed the Obama administration’s continuing review of the proposed model year 2017–2025 fuel economy rules. As White House personnel held discussions with automakers, environmentalists and government officials, NADA articulated issues the association believes have to be raised during the summit called, “Advanced Vehicles, Driving Growth.” NADA asked a […] [Read More]

In an effort to ramp up leasing activity for a specialized model and more, Mitsubishi Motors North America selected Ally Financial Wednesday to be a preferred provider of leasing and financing for the automaker’s electric-powered 2012 Mitsubishi i. As a preferred financing provider, officials highlighted Ally will begin offering leasing for other vehicles in the […] [Read More]

Though not expected to show as steep of an uptick as the overall used market, the prices of luxury used vehicles will likely climb nearly 2 percent this year, according to NADA Used Car Guide senior analyst Jonathan Banks. The projection for this 1.9-percent price uptick is spurred by the significant swoon in supply for […] [Read More]

Though the industry seems to be on the upswing with new-car sales booming, producing more trade-ins and quality used inventory flowing through the auction lanes, growth might be hindered by a global issue: an overall “sluggish” economy. Granted, the economic recovery from 2008’s recession continues on. However, lingering low employment and the low consumer confidence […] [Read More]