The dearth in vehicles coming off lease has been a topic of great concern within the certified pre-owned programs at automakers in the U.S., as these units are typically a vital source of CPO-worthy inventory. But are dealers experiencing the same issues in Canada? Based on what most automakers are telling Auto Remarketing Canada, off-lease […] [Read More]

The American International Automobile Dealers Association contends that employee benefits dynamics have become “increasingly complex” due to cost hikes and governmental reform. With this backdrop in mind, AIADA and affinity partner Northwestern Mutual are offering a free online seminar next week designed to teach dealers best practices when it comes to providing employee benefits like […] [Read More]

The U.S. vehicle population has reached a record-high age after showing rapid gains in recent years, according to Polk, which said this aging fleet and longer ownership periods present dealership service departments — along with other auto repair and aftermarket businesses — with “significant business growth opportunity.” More specifically, the average age of vehicles currently […] [Read More]

The National Automobile Dealers Association began a parade of public hearings Tuesday as federal officials continue dialogue about proposed fuel economy rules for model year 2017-2025 passenger cars and light-duty trucks. Offering his testimony,  New Mexico dealer and NADA committee leader Don Chalmers urged federal agencies to properly consider the rising consumer cost of new […] [Read More]

NADA University, the education and training arm of the National Automobile Dealers Association, introduced a new, fully updated and easily accessible guide to the complex Federal Excise Tax compliance rules facing truck dealers. NADA officials explained on Tuesday that the tool, “A Guide to Federal Excise Tax Compliance,” is a new addition to the Driven […] [Read More]

Lawsuits associated with the Fair Credit Reporting Act, Telephone Consumer Protect Act and Truth-in-Lending Act all set new records last year, according to federal data compiled by WebRecon. Analysts determined that FCRA litigation had a big jump after several years of relatively flat numbers, while TCPA litigation more than doubled and TILA nearly tripled over […] [Read More]

This week, Consumer Guide Automotive revealed the recipients of its 2012 Best Buy and Recommended Awards, showcasing a total of 106 vehicles. Two domestic nameplates led the way with the most models honored as Chevrolet and Ford each had nine award winners. Toyota was right behind with eight lauded units while Honda had seven vehicles […] [Read More]

CNW Research’s latest used-vehicle supply findings concur with several other assertions from wholesale analysts — it’s not going to be easy for managers to keep their used inventories stocked. Even with trade-ins climbing because of greater new-vehicle sales, CNW revealed on Tuesday that the industry remains at a 45-days’ supply of used vehicles. Highlighting just […] [Read More]

A pair of Chicago-area General Motors dealerships is hoping to lend a helping hand to a local blood center through a rather unique promotion this weekend. Bill Jacobs Cadillac and Bill Jacobs Joliet (a Chevrolet store) are providing free oil changes to shoppers who stop in Saturday and donate a pint of blood. In addition […] [Read More]

Used-vehicle prices have been rather static to kick off 2012, but don’t expect that to continue. According to Kelley Blue Book, the first quarter will likely see used values jump between 3 percent and 5 percent and then continue to accelerate into the second quarter. What’s more, KBB projects that used prices might even eclipse […] [Read More]