With the best third quarter ever and a sales increase of more than 6 percent in September, the certified pre-owned market passed the 2 million unit sales mark for the year. The market remains ahead of the 2016 pace by one percent, meaning another record year is likely in the works.  Autodata Corp., which released updated CPO sales […] [Read More]

When it comes to the used-car market in India, it’s a bit “complicated,” a report from IndianBlueBook.com shows. There are 1.1 million used-car sales between consumers and other consumers each year, and then 2.1 million business-to-consumer sales divided between what the company called organized dealers (400,000), semi-organized dealers (500,000) and unorganized dealers (1.2 million), according to […] [Read More]

Florida-based AutoBuy now has eight locations since opening two new locations in respective partnerships with ADESA and Manheim, the company announced Tuesday. The new AutoBuy in Sanford, Fla. (which was launched in partnership with ADESA) and AutoBuy Orlando (launched in partnership with Manheim) have increased AutoBuy’s buy/sell capacity by more than 40 percent, according to the company. “Keeping pace with […] [Read More]

Penske Automotive Group took a strong hit from the trio of hurricanes that stormed through the Caribbean and the Gulf of Mexico since the end of August. The dealer group recently provided a preliminary estimate of the impact on its operations in Florida, Georgia, Texas and Puerto Rico from Hurricanes Irma, Harvey and Maria. The […] [Read More]

Auto/Mate Dealership Systems announced today that it has fully integrated its DMS with Oplogic's web-based CRM solution for auto dealers, Dealer Operator. Via real-time data exchanges between the two systems, dealers accessing both Auto/Mate's and Oplogic's solutions can benefit from increased sales opportunities and operations intelligence, Auto/Mate said. "Oplogic offers a comprehensive product suite to […] [Read More]

With fall officially arriving, dealer behavior is changing accordingly based on the data and observations included in the latest Black Book Market Insights report. Along with more perspective on hurricane-related buying, editors shared in this week’s rundown that truck segments performed much better than car segments. Three vehicle categories within the truck segments increased in value […] [Read More]

J.D. Byrider is facing a lawsuit from the Massachusetts attorney general filled with allegations about its business practices and the quality of its vehicles. Attorney General Maura Healey has sued J.D. Byrider, which has four buy-here, pay-here franchises in Massachusetts, for allegedly using predatory practices in its sale of defective vehicles with high cost installment contracts. […] [Read More]

AIADA announced Monday that through a new partnership with AutoAlert, its automobile franchise members now have access to the company’s data-mining and communication platforms. Using patented algorithms, AutoAlert's data-mining and communication solutions can help dealers make strategic business decisions based on results. "AutoAlert has been a great partner of Hitchcock Automotive organizations for years now, […] [Read More]

On Monday, American Honda Motor Co. launched digital certification applications for its respective Acura and Honda certified pre-owned vehicle programs. The “Integrated Certification Engine” is a digital checklist designed to give Honda and Acura dealers a faster, easier and more accurate way to certify vehicles. The shopper, meanwhile, is able to go online and, for […] [Read More]

Along with sharing some insights on how new vehicles are being financed in the Houston market following Hurricane Harvey, Edmunds reported that nationwide used-vehicle financing trends in September remained stable. Analysts determined the average term for a used-vehicle installment contract written in September came in at 66.81 months, down just slightly from a year earlier […] [Read More]