LeaseTrader.com revealed Tuesday that 2011 model year leases have broken its record for largest amount of same-year leases to hit the site. This high lease turnover rate can help speed up the automotive sales cycle, also potentially creating more inventory turnover at the dealership level. BMW, Mercedes, Toyota and Cadillac are the top four brands with the […] [Read More]

As one model made the cut for the 21st consecutive year, Car and Driver unveiled its 10Best list for 2012, recognizing what the publication believes are the best vehicles costing below $80,000. Consisting of seven foreign models and three domestic offerings, half of which cost less than $40,000, officials highlighted the BMW 3-Series/M3 Tuesday as […] [Read More]

OneCommand recently announced it’s staff is once again participating in the Salvation Army’s Adopt-a-Family program. Acting as a sponsor of this program for the eighth year in a row, the company hopes “not only to meet, but to exceed the requests made by their designated families in need,” officials noted. Highlighting how the holiday program works, […] [Read More]

In a country still reeling from March’s earthquake and tsunami that killed more than 18,000 people, caused more than $300 billion in damage and sent the global auto industry stumbling, a 14-vehicle crash in Japan on Sunday that law enforcement called a “gathering of narcissists” left damages exceeding $1 million. Though the crash involved no […] [Read More]

An estimated 300,000 consumers that put new-car purchases on hold over the summer may be on their way back to the lots, according to Edmunds.com.  And approximately one-third of those very same consumers have already returned to the market, the company noted — causing what it calls a “mini-bubble” of new-car sales that the industry […] [Read More]

In releasing its annual Freshman Vehicle Class list, Kelly Blue Book editors have chosen the top 10 new models they think are worth “getting to know.” Though each year brings all-new and redesigned vehicles, most arrive carrying familiar names — such as the 2012 Toyota Camry — but in this list, KBB editors have focused […] [Read More]

Chrysler is once again reaching out to students in the Latino community, revealing Friday that its charitable arm is giving the Hispanic Scholarship Fund a $50,000 grant. The gift from the Chrysler Foundation will provide financial aid to Hispanic students studying in a science, technology, engineering or mathematical fields. The Chrysler Foundation has been providing […] [Read More]

When we talk about human nature, we’re talking about conditions that are basic to all of us. So what we’re really talking about is a tremendous natural resource that can be studied and used to further our own purpose. Once you have a basic understanding of the debtor you are hunting, the task becomes not […] [Read More]

Thanks to its recovery management software, American Recovery Association leadership recently revealed national credit union service organization CU Collections chose ARA as its vendor of choice. Officials recapped that CU Collections, headquartered in Manassas, Va., helps credit unions create efficient and affordable collections programs to assist credit unions reduce or eliminate the costs of in-house […] [Read More]

Effective immediately, Keith Whann is stepping down as the general counsel to the National Independent Automobile Dealers Association. Whann has served as general counsel to NIADA since 1995; and in 2002 he received the Ring of Honor award, the association’s highest non-dealer commendation. “I have been blessed to work with NIADA these last 16 years, […] [Read More]