Penske Automotive Group took a strong hit from the trio of hurricanes that stormed through the Caribbean and the Gulf of Mexico since the end of August. The dealer group recently provided a preliminary estimate of the impact on its operations in Florida, Georgia, Texas and Puerto Rico from Hurricanes Irma, Harvey and Maria. The […] [Read More]

On Monday, American Honda Motor Co. launched digital certification applications for its respective Acura and Honda certified pre-owned vehicle programs. The “Integrated Certification Engine” is a digital checklist designed to give Honda and Acura dealers a faster, easier and more accurate way to certify vehicles. The shopper, meanwhile, is able to go online and, for […] [Read More]

A 2018 model-year Volkswagen that might be in your used inventory one day could have a considerable amount of factory warranty remaining thanks to a decision the automaker announced on Friday. For the 2018 model year, the OEM said most new Volkswagen vehicles in the United States will come with the company has dubbed the […] [Read More]

Nick made the trip to Washington, D.C., this week for NIADA’s National Policy Conference and connected with NIADA president David Andrews and Kathy Collins, who is the industry relations manager at CARFAX. We discussed how independent dealers are faring this year and how the industry is handling thousands of vehicles damaged by Hurricanes Harvey and […] [Read More]

Larry H. Miller Dealerships recently announced its Dodge Ram Peoria and Chrysler Jeep Avondale stores collected 74,996 bottles of water for the homeless after partnering with four local West Valley fire departments to host a community water drive. The drive colleled water from June 1 through August 31, tripling the organizer’s initial 25,000 bottles goal, […] [Read More]

Activity over Labor Day weekend and the need for replacement vehicles destroyed by Hurricanes Harvey and Irma evidently aren’t going to push used-vehicle retail sales higher this month. Edmunds analysts said an estimated 3.19 million used vehicles will be sold in September for a seasonally adjusted annual rate (SAAR) of 38.8 million. Those projections are […] [Read More]

One of the most important events hosted by the National Independent Automobile Dealers Association starts today with a new name and the organization’s most ambitious goals ever. A record number of independent dealers from across the nation are converging on the nation’s capital for the National Policy Conference and Day on Capitol Hill — formerly […] [Read More]

CarMax posted double-digit increases in both net earnings and used vehicles retailed during the second quarter of its fiscal year. And the company highlighted on Friday that CarMax achieved those results even though six stores in Houston were closed for a week because of Hurricane Harvey, creating a “modest adverse effect” on comparable store used-unit […] [Read More]

While NADA Show 2018 takes place during the height of college basketball’s March Madness championship run, one of its five keynote speakers has a few rings of his own from the college football world. On Thursday, the National Automobile Dealers Association announced the keynote speakers for its annual convention, and Alabama football coach Nick Saban […] [Read More]

The data points Cox Automotive found through its dealership staffing study are startling. Stores have a 67-percent annual turnover rate among its sales teams, and the average cost of hiring a new dealership employee is $10,000. Perhaps one of the primary reasons dealerships are burdened by those personnel challenges is connected to training — or […] [Read More]