Several of the nation’s publicly traded dealership groups have released their second-quarter performance reports in recent days and a common theme has been the strength in used-vehicle sales during the period. And for the overall used market — including independent dealers and casual sales, as well as franchised shops — CNW Research recently reported that […] [Read More]

July new-vehicle sales are expected to continue the surge dealers have been experiencing so far in 2012. In fact, the market is projected to hit a total new-car SAAR of 14 million this month, according to Kelley Blue Book. But that’s not all. July new-vehicle retail sales are also expected to post the second strongest […] [Read More]

Gross profits on both used-car and used-truck sales in June increased month-over-month in Canada and were ahead of year-to-date trending, according to data provided by J.D. Power and Associates’ Canadian Automotive Practice. Specifically, dealers pulled in an average of $1,388 of gross profit for every used-car sale in June, which was a $43 increase from […] [Read More]

Amid what ALG Canada has found to be country’s “most turbulent economic times in recent history,” Canadian wages have actually remained strong. And this is helping residual vehicle values. In fact, the firm says the current lift in wages has positively impacted 48-month residual values in Canada by 0.2 percent. [Read More]

Strong incentives have helped lift Korean automakers over Toyota on Dataium’s monthly Automotive Shopper Intensity index, breaking the Camry’s winning ASI streak. Released on Wednesday, the Dataium index shows that strong incentives and marketing campaigns promoting fuel efficiency helped Hyundai’s Sonata and Elantra claim the top two spots in the index to rank highest in […] [Read More]

Although most new-vehicle buyers remain in the same size segment as their old ride, more than a quarter are downsizing these days. And often they get just as much enjoyment out of their economized rides, says J.D. Power and Associates. These findings were part of the firm’s 2012 U.S. Automotive Performance, Execution and Layout Study, […] [Read More]

In remarks during a celebratory presentation earlier this week for the opening of a Hendrick Automotive Group dealership in North Carolina, it was emphasized that success for a dealer isn’t just about selling a car. It’s about keeping a customer for the long haul. And this sentiment was among the attributes Rick Hendrick honed in […] [Read More]

Expect to see more hybrids cruising around the world’s highways in the next few years. According to market research report distributor ReportStack.com, the global hybrid car market is expected to grow at a rate of 18.92 percent in the next three years. The cause for potential double-digit growth: increasing global oil consumption, the Global Hybrid […] [Read More]

Digital Recognition Network surpassed an industry milestone this week with one of its service partners — nationwide repossession and skip-tracing firm American Recovery Service. The companies joined forces to exceed 25,000 recoveries; a figure officials said was enabled by DRN’s LPR2.0 platform for some of the nation’s leading automotive finance companies that utilize ARS’ comprehensive […] [Read More]

Finding enough supply. It’s a challenge that has been spotted on almost every level of the certified pre-owned business. And it’s causing dealers to change the way they look for CPO-worthy cars. In discussing the CPO market, Hendrick Automotive Group chairman Rick Hendrick told Auto Remarketing on Monday that dealers are oftenturning to the existing […] [Read More]