For those looking to nominate an independent dealer to receive special recognition from their peers for their efforts in the community, time is running out. The nomination period for the 2012 National Independent Automobile Dealers Association//Manheim Community Service Award ends April 1, which is less than two weeks away. Each year the program spotlights a […] [Read More]

A seasonally adjusted annualized rate of new-vehicle sales that climbed about 12 percent in January likely bodes well for the future in terms of alleviating dealers used-supply concerns. But the 14.2 million new-vehicle SAAR also affects residuals down the road, according to ALG. The impact, however, will likely be rather modest, the firm suggests. [Read More]

The used prices of fuel-efficient vehicles may soar more than 20 percent in coming months, according to Kelley Blue Book, and dealers should prepare themselves. With a price spike likely imminent within the next 30 to 60 days, KBB is advising dealers to snatch these fuel-friendly used cars “sooner rather than later.” Take what happened […] [Read More]

Spotlighting its strongest dealership performances of 2011, Audi announced its Magna Society award winners on Monday while also doling out special recognition to 10 dealerships receiving honors as Audi Elite Magna Society winners. The 2011 Magna Society recognition was given to 106 dealerships that showed strong customer service, as well as strong overall business performance. […] [Read More]

As the industry picks up and many are forecasting sales to climb this year, Foresight Research revealed the results from its first 2012 Automotive Marketing Communications Study. And it seems car shoppers are looking for different “messages” from dealers and OEMs this time around. The time when touting a few incentives and coming out with […] [Read More]

Consolidated Asset Recovery Systems launched a new open-source, freeware version of its IBEAM Web portal to the agent and lender community. The company highlighted this new version of IBEAM — available after April 15 — will be specific to repossession and invoice management, providing all the capabilities of asset tracking, real-time monitoring of updates, online […] [Read More]

To meet popular demand from its members, the National Independent Automobile Dealers Association is forming a 20 Group Program, the association announced last week. Like many of its peer programs, the NIADA 20 Group Program will aim to bring together dealers (in this case, independent stores) for idea and best-practice sharing, as well as data […] [Read More]

Given his first pair of shoes as a 9-year-old in Nigeria and taught how to play basketball by missionaries, Manny Ohonme turned a dream into reality, following his inspiration all the way to a college basketball career in the U.S. Paying it forward, Ohonme founded a global humanitarian organization giving underprivileged children shoes and a […] [Read More]

While highlighting a “domestic comeback,” Strategic Vision declared a German brand topped all badges in its annual Total Value Index. On Thursday, Strategic Vision handed the No. 1 ranking in total value to Volkswagen of America as Hyundai Motor America came in second and Ford Motor Corp. finished third. Strategic Vision noted that its Total […] [Read More]

With demand for petroleum growing because of the number of vehicles in use worldwide, Nissan president and chief executive officer Carlos Ghosn is ready to lead a charge for change. In a special editorial published by Forbes, Ghosn shares his reason in a piece titled,“Three Ways Carmakers Can Save the World.” “United Nations Secretary-General Ban […] [Read More]