New-vehicle sales have soared back from the troughs of a few years ago, and leasing penetration levels have steadily remained in the 20-percent ballpark. But is this surge on the new-car side helping the supply constraint that has arguably been the biggest challenge on the used-car side in recent years? Are dealers getting any alleviation […] [Read More]

With this past holiday weekend including the Indianapolis 500 and NASCAR’s Coca-Cola 600, TrueCar.com identified the 10 most popular models for people who enjoy racing and NASCAR. Based on 2011 data received from more than 165,000 men and women who listed “rallying, auto racing or NASCAR” among their hobbies, the findings placed the Ford F-150 […] [Read More]

In the spirit of the recent holiday weekend, Hyundai Motor America has expanded its military incentive program, waiving its usual four-year active duty requirement to include additional service members in the program. Through July 31, members of the Air Force, Army, Coast Guard, Marine Corps and Navy, as well as the National Guard and Reserves, […] [Read More]

If used-car managers wanted more confirmation that a quartet of Japanese sedans are in demand, first-quarter shopping traffic trends on Kelley Blue Book’s website could provide more clarity. Site officials revealed which models were searched for most during the first quarter, and it turns out four of the top five units are from Honda and […] [Read More]

Apparently, it’s not just the air outside that has heated up in recent weeks. New-vehicle sales have reached a boiling point and will likely cap what would be the best May since 2007, according to TrueCar.com, which along with other industry observers, released its new-car sales projections on Thursday. Analysts with J.D. Power and Associates […] [Read More]

An attendee at this spring’s National Auto Auction Association/CAR event that also featured a meeting of the International Automotive Remarketers Alliance remembered predictions Manheim’s Tom Webb made about gas prices. That same individual recently asked Webb whether he still stands by his estimation, and the Manheim economist responded in the May edition of the Manheim […] [Read More]

One dealer was honored Thursday by the American International Automobile Dealers Association in part for his efforts to advocate dealers’ interests to members of Congress and other decision makers in the nation’s Capitol. At the Sixth Annual International Auto Industry Summit in Washington, D.C., AIADA awarded Tulsa, Ala., dealer Jim Norton its Legislative Action Network […] [Read More]

Carfinco Financial Group has extended its streak, reporting yet another quarter of record normalized pre-tax earnings. In what was the first reporting quarter for the company as a public corporation, Carfinco notched $6.6 million in normalized pre-tax earnings. Its streak of records began in the third quarter of 2009. Net earnings for the company climbed […] [Read More]

American Recovery Association and Recovery Industry Services Co. recently formed a partnership to offer a continuing education program for ARA’s members and members’ staff. Association leadership declared the continuing education program created with RISC will help ensure ARA members continue to meet the highest standards for its clients. As part of the benefits of being […] [Read More]

It has been more than six months since the year-over-year change in used-vehicle supply has been flat, according to CNW Research, but it looks like May is headed that way. In some “Early Returns” data included in CNW’s latest Retail Automotive Summary,  the days’ supply of used units in May is off only 0.9 percent […] [Read More]