TrueCar said in a forecast Tuesday that used-vehicle sales for August could beat year-ago figures by more than 2 percent. The company is calling for a possible 3.30 million used-car sales this month, which would beat August 2015 by 2.3 percent. Last week, Edmunds.com also forecasted 3.3 million used-car sales for the month, down from […] [Read More]

Peter Welch recently walked through what previously was a lovely neighborhood in Louisiana’s state capital. Someone recording video followed Welch, the president of the National Automobile Dealers Association, as he passed by shoulder-high piles of floodwater-soaked furniture, possessions, drywall and other debris in an effort to show the devastation and subsequent need for dealers to […] [Read More]

Edmunds.com is forecasting 3.3 million used-car sales for the month, down from 3.4 million in July. The resulting SAAR would be 39.0 million, versus 38.9 million last month. These projections follow what Edmunds said what the best second quarter for used-car sales since 2007. There were a combined 9.80 million used cars sold in April, […] [Read More]

Volkswagen Group of America previously made arrangements for restitution with owners of vehicles involved with “Dieselgate.” On Thursday, the automaker released its plans to rectify the situation with its franchised dealerships. Volkswagen announced it has reached an agreement in principle to resolve the claims of VW-branded franchise dealers in the United States relating to TDI […] [Read More]

With Enterprise Holdings sending resources as well, National Automobile Dealers Association president Peter Welch and National Automobile Dealers Charitable Foundation chairman Annette Sykora arrived in the flood-ravaged areas of Louisiana’s capital city and announced they would seek to raise $2 million for franchised dealership families displaced by devastating flooding. Welch and Sykora are meeting with […] [Read More]

Jumpstart Automotive Group has unveiled a new logo and announced it is changing its name back to Jumpstart Automotive Media. The changes come on the heels of Jumpstart’s becoming part of the the newly formed Hearst Autos, joining such consumer brands as Car and Driver and Road & Track. “The formation of the Hearst Autos […] [Read More]

When buying a vehicle, people basically have three options: new, non-certified used or certified used. While everyone knows what a new vehicle is, many people are unsure of the differences between a certified and non-certified used vehicle, and the pros and cons of each. Savvy buyers look for the certified pre-owned (CPO) label, and dealers […] [Read More]

Certified pre-owned sales continue to climb and hit records. And used-car inventories are getting younger at franchised dealerships, with 58 percent of their used-car inventory in the second quarter at 3 years old or newer, according to Edmunds.com. In its Q2 2016 Used Vehicle Market Report, Edmunds said 22.6 percent of franchised dealers’ used-car sales in the second quarter […] [Read More]

Rapid Recon founder and chief executive officer Dennis McGinn pinpointed what he called five common mistakes that go undetected and unresolved in vehicle reconditioning that can cost dealers gross margin and erode their ability to be more competitive. “As the industry tightens over the months ahead, fixing these five broken processes now will increase reconditioning’s […] [Read More]

Security breaches can devastate a business, and dealerships — with their cast stores of customer information — are no exception. Citing data from a recent survey conducted by Osterman Research, Helion Technologies announced that 75 percent of small businesses have experienced security breaches in the last 12 months. The findings were published in a July report […] [Read More]