On Monday, the management team at Larry H. Miller Dealerships made its second acquisition in the Denver metro area this year and 10th acquisition in the last 18 months. Now the group’s eighth store in Colorado is Lakewood Fordland in Lakewood, Colo. Lakewood Fordland has been serving the Denver market since 1962, and recently celebrated […] [Read More]

ALG released the results of its 15th Annual Residual Value Awards (RVAs) this morning, and Land Rover and Toyota took the top honors for premium brand and mainstream brand, respectively. Toyota also lead the pack in segment awards, taking home eight RVAs. Honda and Subaru also performed well with three wins apiece. “Residual value is […] [Read More]

Wantalease.com has released a list of 16 popular vehicles that have November lease deals for less than $200 per month. According to the site, the current selection of lease deals below the $200 mark is the largest variety of makes and models at the price point all year. According to Scot Hall, Wantalease.com’s executive vice […] [Read More]

Back in October, Tesla Motors made its Model S lease offer even more enticing to potential buyers with a deal through US Banks that lowered the cost of leasing and gave shoppers the option to return the vehicle after three months. Consequently, potential lessees can now use the three-month lease escape as a type of […] [Read More]

With vehicle technology advancing at a rapid pace — growing more complex with every year — the role of product specialist in dealerships is becoming more important and playing a larger role in the sales process. This assertion was highlighted in the 28th annual J.D. Power 2014 U.S. Sales Satisfaction Index Study results, which were […] [Read More]

Experian Automotive released an analysis this week of the most prevalent areas of the country for leases and certified pre-owned sales. Unsurprisingly, the areas with the highest rates of leases compared to overall new-vehicle registrations were larger metropolitan areas. Top 5 Metropolitan Areas, New-Vehicle Lease Penetration (Experian) Detroit – 67.9 percent New York – 49.8 […] [Read More]

A recent report from Requisite Press showed that used cars are still most often the fiscally responsible way to go for the majority of American families. According to the October 2014 Auto Buyer’s Affordability Index (ABAI), which is currently at 54.1, a "prudent, median-income household" can only afford 54.1 percent of the new-car average price. […] [Read More]

Both Nissan and Honda have recently reported recalls related to passenger airbag issues — adding to the recent influx of such statements in light of the Takata airbag advisory. In other words, the number of vehicles recalled because of faulty Takata airbags is growing — and expected to continue to expand as we head toward […] [Read More]

There has been a lot of talk, as new automotive sales continue to increase, about what the overall sales number will be for this year. TrueCar forecasts total sales for the year will reach 16.4 million units — the best since 2007 — and could possibly reach toward 17 million units in 2015 if economic […] [Read More]

With CPO sales booming in 2014 and the potential for certified sales to double in coming years, IntelliChoice announced the winners today of its annual Certified Pre-Owned Car Awards. The company announced the top certified brands at the CPO Forum in Las Vegas this morning. Repeat winner, Volvo Certified Pre-Owned, was once again recognized as […] [Read More]