As the early part of spring came to a close, Canadian dealers’ were making a bit larger of a profit on their used-car sales, according to analysts at J.D. Power and Associates. In fact, dealer profitability for used cars rose from just under $1,500 to right above that mark this past April. Specifically, gross profit […] [Read More]

A Google Analytics report on May search activity at AutoTrader.ca determined Canadian consumers took a great interest in trucks last month. Of the top 10 vehicles or brands pored over by shoppers, half were full-size or compact pickups. And topping the chart was the Ford F-150. Also among the top activity generators were the Ram […] [Read More]

The overall retail sales market for dealers examined by the Federal Reserve in its most recent reporting period appeared fairly positive, and for the districts sharing insight on used-vehicle sales, the environment is a solid one. In its latest Beige Book report, Fed pointed out rather stable used-vehicle sales, as well as a robust new-car […] [Read More]

A shortage of used commercial vehicles could be impacting the industry according to the latest analysis by Polk, with registrations down across all used gross vehicle weight sectors. On Wednesday, Polk reported that used commercial vehicle registrations (GVW 3-8) declined by 26.7 percent to 164,024 units in the U.S. during the first quarter of 2012, […] [Read More]

In the near future, businesses in the fleet car leasing industry might have to change their tactics, according to a recent report from IBISWorld.  [Read More]

Mudd Advertising, Allied Solutions and Auto Financial Group have teamed up to offer a residual-based finance tool that aims to demonstrate what the companies believe to be the benefits of a 24- or 36-month balloon finance alternative. Among other benefits, officials contend the new iAutopayment RBF can help dealers keep customer loyalty steady and maintaining […] [Read More]

LEAP Financial, a vehicle leasing company that serves consumers who have difficulty obtaining credit and aims to help finance companies improve recoveries, recently announced the results of its most recent customer satisfaction survey. LEAP asked customers to rate their overall satisfaction with its services using a scale of 1 to 5, with 1 being “not […] [Read More]

Field services provider National Creditors Connection recently revamped its website, which now contains what company officials say is a streamlined and modernized look with new content and features. NCCI highlighted the site’s new look and feel has vibrant colors and images and improved organization to streamline navigation for visitors. Officials explained the website uses case […] [Read More]

As the American International Automobile Dealers Association released figures that show import sales surging  this past month, one dealership chain’s sales results echos this trend. AutoNation — which made it into Auto Remarketing’s "Top 125 Used-Car Dealer Groups" feature which can be found in the June 15  issue  — revealed Monday that new import sales […] [Read More]

As one recent analysis showed the new-vehicle sales surge is being fueled by older buyers, the Maritz Research New Vehicle Customer Study revealed what’s the most influential source of information for buyers no matter their age. Contrary to a potential belief social media will soon replace traditional dealerships, Maritz foundthat  the store salesperson most influences […] [Read More]