Reading, hiking, football, singing. These are just a few of the things that come to mind when thinking about what is traditionally considered a hobby. But for extreme General Motors fan Gary Monn, his hobby is a little harder on the bank account. For Monn, buying cars is his pastime of choice, according to a […] [Read More]

Lease penetration may have dipped modestly year-over-year and sequentially during September, but that doesn’t indicate a weak market. What caused the slight dip in leasing rates, J.D. Power and Associates’ Thomas King told Auto Remarketing, was a combination of two things. For starters, segments that are more lease-centric saw their market share dip in terms […] [Read More]

Almost one in three luxury vehicle owners have a more negative attitude toward purchasing another luxury model, a recent survey by global research firm TNS confirmed. Why are these owners so cautious? Along with changing brand and performance perceptions, TNS found that with the unknown future of the European debt crisis, continued economic concerns throughout […] [Read More]

To coincide with more 2012 models hitting dealer lots, AutoTrader.com examined its new-vehicle site activity and found the compact car segment has gained considerable increases in consumer interest. At the other end of the price spectrum, the AutoTrader.com New Car Insights Report for September showed luxury vehicles are gaining ground with notable new-model rank improvements […] [Read More]

Cherokee Automotive Group announced that early registration for the 2011 CPO Forum, as well as the other two Used Car Week Conferences, the National Remarketing Conference and the Re3 Conference, will be ending Oct. 14. “If you are planning to attend any or all of the 2011 Used Car Week Conferences, now is the time […] [Read More]

Chrysler Group and the UAW announced this morning they have reached a tentative agreement on a new national labor contract. This agreement — which is subject to UAW member ratification — covers approximately 26,000 represented employees. Chrysler noted that at this time, the automaker cannot discuss the specifics of the agreement pending a ratification vote; this […] [Read More]

They may not get a whole lot of attention, but used-vehicle leases have gained quite a bit of steam in the past year and may eclipse the 1 million mark for 2011, according to CNW Research. In eight of the first nine months of 2011, the number of used leases has climbed on a year-over-year […] [Read More]

A recent study released by Dealer.com further enforces the fact that social media is increasingly tied to dealers’ daily sales as well as customer loyalty. The  Internet marketing solutions company teamed up with DriverSide and GFK Automotive to conduct a study titled, "The Rise of Loyalty, Advocacy and Influence: Social Media and the New Automotive […] [Read More]

Dollar Thrifty Automotive Group is no longer up for sale. Having received no offers that it believes avoid regulatory hurdles, the company announced Tuesday that it is moving on as a standalone company. This apparently ends a heated saga between three rental-car giants that lasted nearly a year-and-a-half. In recent developments in the pursuit of […] [Read More]

The Federal Trade Commission invited the National Vehicle Leasing Association’s legislative coordinator to participate in the next session of roundtable discussions officials have orchestrated since April. The event scheduled for Nov. 17 at the FTC’s headquarters in Washington, D.C., will include David Blassingame, who also is NVLA’s Texas chapter chair. Blassingame, senior vice president of […] [Read More]