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]

As dealers, new and used, struggled to stay afloat after the recession hit in 2008, the past five years have been tumultuous. But, as the economy picks up, what’s in the cards for used-car dealers? Industry research firm IBISWorld looks to answer that question with its new "Used Car Dealers in the U.S." industry report. […] [Read More]

Auto trend and forecasting site TrueCar.com has just released its Performance Scorecards for automotive manufacturers and brands for the month of April, grading each manufacturer and brand. Coming in atop the OEM rankings was BMW, which showed  the largest gain of the period as it rose from a B- in March to an A+ rating […] [Read More]

As part of a recent study, Digital Air Strike determined the most popular review websites used by consumers to select dealerships, and topping its list was Edmunds.com, followed closely by Cars.com. DAS found that 22 percent of respondents turned to Edmunds in selecting a dealership, while 20 percent used Cars.com. Finishing in a tie for […] [Read More]