In an attempt to give the National Highway Traffic Safety Administration more funds and resources to handle the rising amount of vehicle recalls, the chairman of the U.S. Senate Commerce Committee introduced a bill that would create a federal vehicle usage fee. Sen. Jay Rockefeller included this proposed fee within the Motor Vehicle Safety Act […] [Read More]

The National Independent Automobile Dealers Association handed out a group of awards last week at its annual convention and expo, that included inducting a new member in the NIADA Ring of Honor, Lifetime Achievement Awards, scholarships and more. First up, NIADA has inducted National Auto Auction Association chief executive officer Frank Hackett and NADA Used […] [Read More]

Late last week, TrueCar Inc. revealed a new tool aimed at developing more solutions to simplify the way cars are sold: TrueCar Labs. The company will use the initiative to deploy new products and solutions in their earliest phases to garner feedback from both shoppers and dealers. The company described the new development as “an […] [Read More]

Interest among consumers in certified pre-owned vehicles continues to rise, including many Millennials and young professionals who may use CPO as an entry into the luxury car segment. With that in mind, Kelley Blue Book released its "10 Best Certified Pre-Owned Luxury Cars Under $30,000" — a list that may come in handy for a […] [Read More]

Sen. Chuck Schumer is urging the Federal Trade Commission to create another regulatory hurdle for dealers to clear in order to sell used vehicles, using an incident allegedly involving a truck sold by a CarMax store in California as leverage to further the campaign. The New York Democrat sent a letter this week to the […] [Read More]

June is looking like it will turn out to be a successful month for new- and used-car sales, even as the industry moves into the summer season that normally spells a slowdown after tax season highs. According to TrueCar data, used-car sales from franchised and independent dealers as well as private-party sales are estimated to […] [Read More]

Potentially explosive airbags manufactured by Takata Corp. of Japan and used by more than a half-dozen automakers are forcing the National Highway Traffic Safety Administration to intensify an investigation of nearly 1.1 million vehicles. NHTSA said that its Office of Defects Investigation received a complaint last August of a driver’s bag inflator rupture in a […] [Read More]

The 346 certified pre-owned vehicles that Paragon Honda sold in May was an all-time record for the brand, and the New York dealership’s leadership said the store should eclipse 3,300 CPO sales this year. The dealership has sat atop Honda’s list of top CPO sellers for quite some time and earned Auto Remarketing’s inaugural CPO […] [Read More]

Ever dealt with a customer who thought you were ripping them off? Or one that thought you could afford to pay a little more for a trade-in? Chances are they may have been wrong. According to a new survey commissioned by TrueCar, car shoppers think dealers make about five times more profit on the sale […] [Read More]

When CarMax announced a successful first quarter of its 2015 fiscal year — notching a 9.8-percent increase in used sales — company management attributed much of this spike to an increase in both foot and Web traffic. In fact, Web visits grew to over 14 million, representing a 25-percent increase compared to the same period […] [Read More]