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]

As incentives this past month moved slightly higher after a recent low point, Truecar.com reported that shoppers may be spending a bit more at the lots as summer comes rolling in. The site estimated that the average transaction price for light vehicles in the U.S. was $30,360 in May, up $595 (2.0 percent) year-over-year, and […] [Read More]

A year ago, the Japanese automakers doing business in the U.S. were mired in the fallout from the earthquake and tsunami disaster that struck the island nation in March 2011 and were a long ways out from full recovery. But this past month, their rebound was the highlight of the U.S. new-vehicle business, according to […] [Read More]

To help stores generate more quality finance leads and streamline online vehicle purchasing, DealerTrack recently introduced FinanceDriver, which the company is calling a “robust” Web-based financing service for dealer and third-party websites. FinanceDriver, which was previewed at this year’s National Automobile Dealers Association Convention & Expo, can allow stores to provide advanced financing services to […] [Read More]