As the upbeat atmosphere in the lanes continued, two trends caught the attention of Black Book editors last week. The latest Black Book Market Insights report indicated luxury segments are seeing increased depreciation so far in 2017, and compact cars are feeling the run-up to the spring selling season with stronger-than-average retention since the beginning […] [Read More]

A recently released autoTRADER.ca survey suggests steering clear of car-sharing services, taxis and even public transit this Valentine’s Day. Ninety-two percent of Canadians say they find it appealing when their date shows up driving their own car, according to the website’s online survey — Revving Up for Romance — which examines the role of the automobile […] [Read More]

Group 1 Automotive announced on Monday it expanded its board of directors to 10 directors following the appointment of Carin Barth, president of LB Capital, a private equity investment firm she co-founded in 1988. "It is exciting to add Carin to our Board,” Group 1 Automotive chief executive officer Earl Hesterberg said in a news […] [Read More]

It appears the chances a potential customer coming to your buy-here, pay-here dealership having recently filed for bankruptcy are on the rise. The American Bankruptcy Institute reported total U.S. filings increased 5 percent year-over-year in January, creating a trend not seen since the New Orleans Saints won the Super Bowl. According to data provided by […] [Read More]

One of the perks that might entice a shopper to buy a certified pre-owned vehicle over a non-certified used car is that the ride — and the experience of buying that car — is “like-new.” With that in mind — and as part of our Best CPO Dealers issue — Auto Remarketing asked some of the top Buick-GMC dealers […] [Read More]

With Valentine’s Day here, research showed individuals who might be married or in an exclusive relationship and perhaps sending applications to your finance company or walking into your dealership showroom, aren’t together just because of physical attraction or engaging conversation. A January YouGuv survey of more than 1,100 adults compiled for TransUnion determined 24 percent […] [Read More]

The franchised dealership count remained steady in 2016 and almost set another record for new-vehicle sales throughput. That’s according to the 2016 year-end Automotive Franchise Activity Report from Urban Science released Monday. The 18,170 new-car dealership rooftops on Jan. 1 was up 0.5 percent from the count a year earlier (18,087).  The number of franchises […] [Read More]

Dealer Marketing Services, the makers of ProMax Unlimited, announced last week the completion of a certified integration with Autosoft DMS, a leading dealer management system provider. “Partnering with Autosoft is a positive step for ProMax and our mutual dealer customers,” ProMax chief executive officer John Palmer said in a news release. “We pride ourselves on […] [Read More]

When a shopper buys a certified pre-owned vehicle, particularly if it’s a luxury ride, it’s often seen as a way to get that consumer into the brand and potentially buy a new car down the road. In other words, a CPO buyer might be a future new-car buyer for that brand. With that in mind […] [Read More]

Full-service logistics provider Ready Logistics moved more than 194,000 vehicles in January, which was the company's best month ever.. It was a 55 percent increase compared to last January’s volume. “This surge signals a desire in the marketplace for turnkey, end-to-end logistics and transportation solutions,” Ready Logistics said in a news release.  The Cox Automotive brand can […] [Read More]