The National Automobile Dealers Association welcomed the news that the House Energy and Commerce Committee approved legislation Wednesday repealing a mandate that requires dealers to provide buyers with a booklet on vehicle insurance costs. The bill, H.R. 5859, introduced by U.S. Reps. Gregg Harper, R-Miss., and Bill Owens, D-N.Y., is strongly supported by NADA. “The […] [Read More]

In its largest fundraising effort to date, Smail Auto Group announced Tuesday that it raised more than $60,000 in support of Troops First Foundation. As part of the group’s Smail Auto Group Cares campaign, and in honor of Memorial Day, the project featured a monetary donation for every new and used vehicle sold throughout May. […] [Read More]

In light of the recent news from Saab and plans for the brand to focus more on electric vehicle production in the future, Auto Remarketing reached out to ALG to get their feedback on how the changes might affect used-vehicle values — as well as how the project might fare — for the OEM that […] [Read More]

Many dealers correctly recognize the need to keep more trade-ins to feed their used-vehicle inventories. This trend raises an age-old tension at many dealerships: The new-vehicle department typically wants to set the highest trade-in value possible to satisfy the customer and close a deal. The used-vehicle department prefers low-balling trade-in values to maximize the retail […] [Read More]

After declaring bankruptcy earlier this year, the latest chapter in Saab’s saga has the brand apparently delving heavily into the electric vehicle market in the coming years. And after ALG reported earlier this year that the nameplate had been “stripped” of most of its value as the automaker fought to stay in business, this shift […] [Read More]

In its most recent daily NADA Headlines report, the National Automobile Dealers Association shared news detailing its board’s appointees for future leadership of the organization. More specifically, the report indicates that current NADA vice chairman David Westcott of Burlington, N.C., has been nominated to take on the association’s chairmanship for 2013. He is the president […] [Read More]

Kia Motors America on Thursday announced the appointments of three leaders to executive vice president positions. KMA President and chief executive officer Byung Mo Ahn said that receiving the promotions were Tom Loveless, Michael Sprague and John Yoon. The automaker went on to stress the impact each has had in their respective areas of management […] [Read More]

Close to 200 dealers and managers registered for this week’s Auto Remarketing Training Series Webinar to gather information on critical Web-oriented topics in session lasting less than an hour. Now dealers everywhere can learn the details about the unique reach of Kelley Blue Book’s vehicle listings on its shopping website, how Carfax’s new service drive […] [Read More]

As the company projected in quarterly reports, CarMax officially opened its first store in Franklin, Tenn., this week. The newest CarMax location is situated at 4075 Mallory Lane and includes a showroom consisting of more than 32,481 square feet on 8.42 acres. The company is employing more than 50 associates and stocking 250 to 350 […] [Read More]

NCM Associates on Wednesday announced the addition of three industry veterans to the company, in roles serving NCM’s retail automotive clients. Joining the company as retail coaches in NCM’s Retail Operations Consulting division are Larry Beasley and Richard Ackman. Beasley comes to NCM from Asbury Automotive Group, where he served as pre-owned process director since […] [Read More]