What are shoppers paying the most attention to when in the market for a new vehicle? Color and brand apparently pale in comparison to the importance new-car shoppers are putting on vehicle technology. That’s according to Autotrader's "2015 In-Vehicle Technology Shopper Influence Study," which provides insight into how vehicle technology impacts consumer vehicle purchase behavior. […] [Read More]

Cherokee Media Group president Bill Zadeits had a big surprise in store for him during today’s opening remarks at Used Car Week. The industry leader was chosen by the National Auto Auction Association as the 89th Warren Young Sr. Fellow. The lifetime distinction was presented to Zadeits by Mike Browning, the incoming NAAA president. NAAA […] [Read More]

Thirty-three percent – that’s the increase in lease maturities expected to possibly return to market in 2016 compared to this year – which translates to roughly 800,000 additional units on a year-over-year basis. That’s according to J.D. Power’s estimates provided by Larry Dixon, the senior manager of market intelligence at NADA Used Car Guide. Perhaps […] [Read More]

Ally Financial has chosen 50 dealers across the U.S. as nominees for the 2016 TIME Dealer of the Year award. The annual award is now in its 47th year and serves to recognize the nation’s most successful dealers who also exemplify a commitment to community service. The nominees — announced by Meredith Long, publisher at […] [Read More]

Luxury brands are dominating the CPO market this fall, as many consumers see certified luxury vehicles as an entry-way into the more high-end brands. According to Autotrader’s October Trend Engine data, which measures shopping activity on Autotrader.com every month, luxury brands are the most popular nameplates among CPO shoppers. And the trend didn’t just pop […] [Read More]

The automotive industry has seen a dramatic year so far. NADA chief economist Steven Szakaly highlighted what he expects will round out to 17.3 million new light vehicle sales by the end of 2015 and further forecasted a figure of 17.7 million for 2016, ushering in the “beginning of the end” for what Szakaly labeled […] [Read More]

Continuing the awards doled out at Used Car Week, both Vincentric and IntelliChoice recognized top automaker certified pre-owned programs Tuesday during the CPO Forum portion of the week-long conference series. Starting with the 17th annual IntelliChoice Certified Pre-Owned Car Awards, the Best Premium Program Award went to Jaguar, while Kia was honored with the Best […] [Read More]

Land Rover and Subaru took the podium for overall brands recognized by ALG’s 2016 Residual Value Awards, which annually honor the brands and individual models with the highest retained value. Land Rover was recognized for the second consecutive year as the premium brand with the best overall residual values, while Subaru was acknowledged for the same […] [Read More]

Penske Automotive announced Tuesday it has added four new franchises to its lineup. The dealer group has acquired Audi Eatontown, Porsche Monmouth, Jaguar Monmouth and Land Rover Monmouth, which are all located in Monmouth County, N.J. Penske management pointed out this is one of the wealthiest counties in the U.S.   Penske purchased the franchises […] [Read More]

DRIVIN, a data-driven service designed to help dealers source used vehicles — announced Monday it has expanded into Florida. And this might be the first release of many, as DRIVIN management said the growth into Florida is “the first step in a bigger national rollout plan for 2016.” The company also reported it has chosen […] [Read More]