The Iranian nuclear program crisis is leading to surging fuel prices, but it’s going to take a lot more than $4-per-gallon gas for the used-vehicle market to see much of an impact, according to the NADA Used Car Guide. The run-up in fuel costs will likely tap out at this $4 average in May, according […] [Read More]

The first session of 2012 in the free Auto Remarketing Training Series is set to include used-vehicle experts from AutoTrader.com, vAuto and Carfax. Dealers and store managers can join the instructional event that includes question-and-answer sessions beginning at 2 p.m. ET on March 20.  “The challenges in today’s used car marketplace are complex, and they […] [Read More]

The two “forces of graying” detailed by DMEautomotive’s “The Changing Service Loyalty Landscape” white paper could prove to be rather troublesome for car dealerships. One of those “forces” is the trend being spotted at the dealership service center, where it more common now to find consumers ages 50 and up, while the younger crowd is […] [Read More]

With wholesale vehicle prices continuing to be strong and financial institutions ramping up recovery efforts to leverage this condition, Phil Hanks believes he and the rest of the team at Primeritus Financial Services are “catching the industry at the right time.” Hanks elaborated about the plans he and wholesale veterans Cam Hitchcock and Chuck Tapp […] [Read More]

LoJack Corp. released its third annual vehicle theft recovery report today, highlighting results from its 2011 recoveries. Officials tabulated that their system helped U.S. law enforcement recover 10,261 stolen vehicles as Hondas topped the list of imports recovered with the Accord ranking as LoJack’s most stolen and recovered vehicle.  The company indicated the Cadillac Escalade […] [Read More]

What is being hailed as a move to “harmonize the recovery industry,” MVTRAC recently reached an amicable transaction with Digital Recognition Network and Vigilant Video involving a license of MVTRAC’s license-plate recognition technology historical tracking patent. Officials declared the undisclosed terms of the transaction conclude all litigation between the parties. “We are pleased to announce […] [Read More]

Cars.com revealed Monday it has promoted one of its own to the position of chief technology officer. In this role, Kayne Grau — former director of development for the company — will “oversee the execution of the company’s business mission through development and deployment of applicable technologies, establish the company’s technical vision and lead the […] [Read More]

Based on the findings of the Temkin Group customer experience research and consulting firm, one particular Big 3 brand’s dealer body may have reason to celebrate. The firm analyzed the dealers of 10 auto brands and found that the nameplate with the strongest customer experience score throughout its dealerships was Chevrolet, which pulled in a […] [Read More]

Even with the prospect of rising gas prices looming before dealers, the U.S. auto industry seems to be on the rise, posting a double-digit overall sales increase this past month. The American International Automobile Dealers Association attributed the 15.7-percent sales increase to “pent-up demand in the auto market, a strengthening economy and new products from […] [Read More]

Late Thursday, General Motors and Wells Fargo & Co. created a long-term partnership to offer competitive financing to Chevrolet, Buick, GMC and Cadillac dealers and retail customers in the contiguous states comprising GM’s U.S. West marketing region. Officials explained Wells Fargo will offer GM dealers a complete suite of products alongside the core offering of […] [Read More]