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]

As auction values continue to drop, dealers are also paying less for trade-ins that come into their dealerships. According to the November edition of the NADA Official Used Car Guide, trade-in values dropped by 2.8 percent relative to October. While car values fell by 3.2 percent, trucks saw a 2.2 percent decline. This trend mirrors […] [Read More]

If you needed another sign of the automotive market’s momentum — on top of growing new and used sales — hiring is on the upswing, as well. Edmunds.com announced it will be hiring for 100 new positions in the coming weeks, in light of the company’s recent growth. The news comes as the auto industry […] [Read More]

The DARCARS Automotive Group announced Monday that it has added Honda of Bowie to its list of franchises, bringing the overall tally to 38 franchises in more than 20 locations. Labeling itself as the largest group of car dealerships in the greater Washington, D.C., metropolitan area, DARCARS also said that the Honda dealership will immediately […] [Read More]