As summer gets underway and vacationers and road trippers hit the pavement, used-car shoppers seem to be shifting their interest from compacts and gas sippers to luxury vehicles and sports cars, according to kbb.com. [Read More]

The National Automobile Dealers Association said two franchised dealers — one who already is a U.S. Representative — will testify at a congressional hearing today urging members of a House Energy and Commerce Subcommittee to support a bill that would repeal a mandate that requires dealers to provide a rarely used booklet on insurance loss […] [Read More]

J.D. Power and Associates recently released its 2012 Canadian Dealer Financing Satisfaction Study and highlighted one lender that took two of the lending categories included in the report. The study looked at Canadian dealer satisfaction in retail leasing services, prime retail credit service, subprime retail credit services and floor planning services, and found that Mercedes-Benz […] [Read More]

ALG discovered Ford and Hyundai generated the highest level of improvement in perception of quality among all automakers during the last five years. According to ALG’s 2012 Perceived Quality Study released today, Ford’s perception of quality has improved nearly 37 percent since 2008 while Hyundai’s perception of quality has increased by 25 percent during that […] [Read More]

Including what was the strongest Memorial Day weekend for the market in six years, May’s used-vehicle sales total is expected to hit 4.27 million units, CNW Research president Art Spinella shared with Auto Remarketing on Tuesday. That sum would best CNW’s projection earlier this month, when it forecasted May’s used sales to reach 4.19 million […] [Read More]

The share commanded by leases among all new-vehicle finance originations in the first quarter remained relatively steady against prior-year comparisons, according to Experian Automotive, which found that the lease penetration rate again exceeded 24 percent. More specifically, in the Q1 2012 State of the Automotive Finance Market report, Experian said that new lease share of […] [Read More]

Independent auto dealers have new insurance options for both the used-car and auto rental/loaner operations. GMI Insurance announced on Tuesday the launch of a new program that focuses on the following: —Small- to medium-size, non-franchised auto dealers —Incidental new-vehicle  franchise operations —Incidental sales of trucks, RVs, boats and motorcycles. With this program, GMI said it […] [Read More]

Dealers in Massachusetts will soon be able to utilize auto finance company Westlake Financial Services, giving  the lender a footprint in every U.S. state. The company revealed Tuesday it will begin loan originations in Massachusetts starting this coming Friday.  Commenting on the news, Westlake president Ian Anderson noted, “With entry into Massachusetts, we are now […] [Read More]

With this coming June being the only month expected to see used-car prices slide since the beginning of this year, bargains on quality pre-owned vehicles can potentially be hard to find. In light of used-car prices seeing double-digit gains through May, Kiplinger.com offered those in the market for a used car a lists of 10 […] [Read More]

Dealer review site DealerRater revealed today a new addition to its management team. Tapped for the position of senior vice president of dealer product and services is industry veteran Larry Cochran, who has held numerous positions with ADP Dealer Services in his over 15 years of auto-industry experience. [Read More]