With franchised dealers eager to be the landing spot for off-lease units, Edmunds.com assembled a trio of reasons why it might be prudent to end a lease early. Senior consumer advice editor Phil Reed explained how recent changes have created equity in vehicle leases in his study called, “3 Ways to Turn Your Lease into […] [Read More]

Predicting a 4- to 6-percent spike in used-vehicle values into early next year, Kelley Blue Book came out Tuesday and strongly suggested that consumers make the move now if they’re looking to purchase a used model. The refilling of the industry’s used supply via off-lease and off-rental models will likely be limited in early 2012, pushing prices up. […] [Read More]

Recapping some analysis from U.K.-based Bernstein Research, CNNMoney recently revealed a dozen models that dealers would be wise to keep on their lots. And interestingly enough, the top three vehicles on the list of the 12 most profitable models were trucks from Big 3 automakers. CNNMoney quoted Bernstein auto researcher Max Walburton as saying that […] [Read More]

The ongoing public mud flinging between Suzuki and Volkswagen continues to heat up as the former revealed it has entered arbitration in an attempt to recoup shares. The automakers entered a collaberative deal in 2009 to improve cost efficiencies, but as of late, they have taken their dispute to the public stage as corporate cultures […] [Read More]

Revealed Monday, as the company gears up to launch what it calls a "game changing"  used-vehicle certification program, Mota Motors has hired a chief revenue officer. Bringing more than 10 years of digital automotive marketing experience to the company, chosen for the position is Ken Potter. [Read More]

In the spirit of community outreach — and friendly competition among co-workers — KAR Auction Services and its employees generated donations of more than 11,000 food items for a local food bank in a recent “Battle of the Floors” food drive at the Indianapolis-area company. A software quality analyst for the company — Scott Schultz […] [Read More]

Phillips & Cohen Associates believes collecting on accounts associated with someone who is deceased can be complicated following significant regulatory changes made by the Federal Trade Commission earlier this year. So the firm’s experts are conducting a free Webinar titled, “Deceased Debt Collection: How the Recent FTC Ruling Impacts Your Collections Process.” The session is […] [Read More]

Amid its efforts to emphasize the positives of dealer-assisted financing to the Federal Trade Commission as regulators mull over taking further consumer finance protection measures, the National Automobile Dealers Association appears to have at least one ally in the legal world. [Read More]

With an active customer base now above 52,000 accounts and double-digit climbs in sales and revenue, America’s Car-Mart saw its second-quarter net income per diluted share soar 37.5 percent higher year-over-year. The company recently reported its second-quarter net income came in at $7.8 million or 77 cents per diluted share. A year earlier, it was […] [Read More]

Enterprise Holdings is broadening its existing operations in Europe, having recently struck a deal with PSA Peugeot Citroen to purchase its rental subsidiary, Citer SA and its Spanish subsidiary Atesa. This augments the presence Enterprise already has in Europe, as its Enterprise Rent-A-Car brand operates in the U.K., Germany and Ireland. Now, the rental giant […] [Read More]