New-vehicle prices are still well above the old normal, but a new study by automotive data platform iSeeCars.com showed that while manufacturers suggested retail prices continue to soar, selling prices are holding steadier. According to iSeeCars’ analysis of more than 16 million new-car sales between January 2023 and January 2024, the average MSRP of a […] [Read More]

Toyota has joined the ranks of automakers that broadened their certified used-vehicle brand to include older, higher-mileage vehicles that do not qualify under the companies’ traditional CPO programs. The new Toyota Certified Used Vehicle Silver extends Toyota’s factory-backed certification and warranty coverage to vehicles up to 10 model years old that have 60,000 to 125,000 miles on their odometers. Additionally, these vehicles are covered by ... [Read More]

AutoManager Holdings Group, a provider of software and tech-enabled services for dealerships, has retooled its executive leadership team, beginning with a new CEO. Jake Morley has now taken the reins for AutoManager after previously serving almost 10 years with Frazer Computing, the largest DMS for independent auto dealers, where he was responsible for sales, marketing […] [Read More]

Group 1 Automotive made a big move to expand its holdings in the Baltimore-Washington market with the acquisition of Maryland-based RRR Automotive Group. The sale includes five new-car dealerships representing Toyota, Honda, Hyundai and Kia, as well as a Toyota certified pre-owned center and three collision centers. Group 1 said the Honda stores included in […] [Read More]

Following his press conference at NADA Show 2024, which will be a part of an upcoming episode of the Auto Remarketing Podcast, Cherokee Media Group tracked down Patrick Manzi. The chief economist for the National Automobile Dealers Association gave his views on three topics — used-car retailing, implications of negative equity and prospects for an active service drive at franchised dealerships. Without mentioning specific metrics, Manzi said retail sales of used vehicles ... [Read More]

FordDirect has added another vendor to its growing list of industry partners. The joint venture between joint venture between Ford and its dealers has selected Cox Automotive’s VinSolutions as a data integration partner for its CRM Choice program. Ford dealers and Lincoln retailers will be able to gain access to FordDirect data directly through within […] [Read More]

The Center for Sustainable Energy and the National Automobile Dealers Association have launched an online electric vehicle sales training certification program designed to empower dealership staff to educate car shoppers about the advantages of driving electric. The organizations said the ElectrifIQ training program is aimed at training auto sales staff to better educate their customers […] [Read More]

Toyota and Ford were the big winners as Vincentric announced its 20th annual Vincentric Best Value in America Awards. Toyota was named the Best Value passenger car brand for the ninth time and Best Value SUV and Van brand for the seventh time, and seven of its models won their segment. Ford earned the Best […] [Read More]

Rita Case, president and CEO of Rick Case Automotive Group, was named the recipient of the 55th Annual TIME Dealer of the Year Award. Case, who heads the nation’s largest female-owned and operated dealer group, is the fifth woman selected for one of the industry’s highest dealer honors. The award, presented in partnership with Ally […] [Read More]

More than 4.2 million vehicles with unrepaired urgent recalls are currently in operation across the nation, according to data from Carfax. The company said on its blog that the number of vehicles with urgent “do not drive” or “park outside” recalls has increased by more than 65% since May, when Carfax previously reported on them. […] [Read More]