Last month, Honda broke a certified pre-owned sales record that had stood for almost five years. There were 26,192 Honda CPO units sold in May, the strongest ever for the brand’s certified program. The previous record was set in August 2013, when Honda sold 25,139 CPO vehicles, the automaker said in a news release. Honda […] [Read More]

Wantalease.com is noticing the leasing promotions leveraged by automakers and dealerships during the spring are being kept in place as the industry moves into summer. Site officials reported that prices on most of today’s popular leases holding steady compared to May. Wantalease.com noted 36 different vehicles maintained their prices. Only one vehicle is currently offered […] [Read More]

It’s been a predictable spring for the U.S. auto loan asset-backed securities (ABS) market, and S&P Global Ratings said that’s been a good thing. It was so good, in fact, that one subprime-specific metric made a positive move for the first time in six months. According to the firm’s latest report, S&P Global Ratings highlighted […] [Read More]

Because of responses like “no,” “out of stock,” and “no appointments,” service providers could be losing almost $23,000 annually per location in revenue, according to insight data released from call analytics provider Marchex. Marchex Institute’s most recent study on auto service agent phone calls with consumers points out how much money stores can often lose […] [Read More]

Students in the Auction Academy's fifth class are done with half of this year’s training and development agenda for the two-year program, having already attended multiple sessions in Dallas and Birmingham, Ala., this year. In addition to beginning Certified Automotive Remarketer certification training last month, Auction Academy students got an opportunity to visit America’s Birmingham Auto Auction and ADESA Birmingham. […] [Read More]

ChannelNet announced a strategic partnership this week with White Clarke Group to offer an end-to-end financing solution to the global asset finance market. The partnership offers asset finance companies an integrated customer and dealer-facing platform that can automate the overall management of the customer relationship for finance companies and their dealers, serving the automotive, truck […] [Read More]

A project that took roughly six months came to fruition in an attempt to help credit unions fill their auto finance portfolios. This week, GrooveCar launched its new corporate website designed to deliver a greater level of engagement for its credit union partners as they seek the latest expertise on auto finance growth. “It’s important to […] [Read More]

Vehicle subscription technology provider Clutch has added three new dealership groups to its roster. Fields Auto Group, Park Place Dealerships and Prime Motor Group are now utilizing the subscription platform of Clutch, whose subscription services are available through dealerships in 26 states. “The automotive industry is taking hold of subscription and showing how this can […] [Read More]

The retail auto industry is full of processes, from greeting the customer to selling that shopper a car, setting up financing, warranties and beyond. “The one process that seems to be missing is, ‘how do we bring the best people into our dealership?’” Hireology vice president of product Scott Brinkman said during a podcast recorded at […] [Read More]

Once again, Larry H. Miller Dealerships hosted group employees, vendors and business partners on the golf course to support its charitable arm Larry H. Miller Charities on Tuesday. Not only did 54 foursomes come out to compete, this year’s 2-day LHM Golf Classic tournament raised $400,000 for the dealership group’s charity program. Following an opening dinner and silent […] [Read More]