The second-quarter dealer survey orchestrated by KeyBanc Capital Markets confirmed how used-vehicle and F&I performances are helping to pick up the slack dealerships might be experiencing within the new-car operations. The report shared this week with Auto Remarketing indicated trends in F&I gross profit per unit maintained a favorable trend with 86 percent of respondents […] [Read More]

Now it’s the Senate’s turn. The House approved resolution on Tuesday leveraging authority provided under the Congressional Review Act (CRA) to stop the Consumer Financial Protection Bureau’s final rule prohibiting the use of class action waivers in arbitration clauses. Despite all House Democrats and one Republican voting against H.J. Res 111, the resolution cleared the […] [Read More]

Wind down the economic waterfall, and the impact of a higher Canadian interest rate to the used-car market is clear. Canadian used-car prices will be heading downward, but the vehicles themselves will no longer be making that move. An increased interest rate means a stronger Canadian dollar, and with less disparity between the U.S. and […] [Read More]

The Langley Auto Collection — a Vancouver-area luxury auto mall — held a “Tour de Gourmet” progressive dinner in June that not only spotlighted local cuisine, but helped raised money for two non-profits that provide financial assistance for children to participate in organized sports (KidSport Langley and Surrey-White Rock). Additionally, the event also gave the […] [Read More]

Compressed margins. High wholesale prices. Reconditioning expenses. Ring a bell? For many dealers, keeping their pre-owned lots well stocked while also making a profit has been difficult over the past 10 years or so. And even though many are predicting wholesale prices to drop over the coming years as lease returns start flowing in, prices […] [Read More]

General Motors’ Customer Care and Aftersales division recently announced at NACE automechanika Chicago that the company will offer a comprehensive collision certification program, which will start early next year. The new program will be more comprehensive than the current GM training and tools-focused programs, the company said. It will include added standards for both pre- and post-repair […] [Read More]

Insurance Auto Auctions recently launched Active Inventory Management, the company’s latest innovation designed to help buyers and sellers outsource their salvage inventory management process to IAA. “IAA developed the Active Inventory Management solution to help our insurance customers streamline their salvage management process and generate better economic returns,” IAA chief executive officer and president John Kett […] [Read More]

Dashboard Dealership Enterprises has redesigned its business analytic reporting suite for increased functionality using input from dealer clients. Executive Eye 3.0, the latest version of Dashboard’s flagship product, offers a variety of graphic display options designed to help dealers easily navigate the program. New visual enhancements include updated colorful themes, more white space and increased organization. […] [Read More]

As the temperatures spike outside, Black Book isn’t quite seeing wholesale prices behave in the opposite extreme, which is sometimes the norm as we enter the remaining days of July. The newest Black Book Market Insights report showed more SUVs dropping in price last week. In fact, editors noticed sub-compact luxury crossovers saw the most […] [Read More]

A previous recipient of the CPO Dealer of the Year Award, southern California’s Galpin Motors recently announced its chairman and chief executive officer, Bert Boeckmann, was presented with Ford’s first Dealer Hall of Fame award in recognition of his lifetime of achievement, outstanding performance and inspirational leadership. Additionally, Galpin Ford received more than 12 additional awards […] [Read More]