When buying a vehicle, people basically have three options: new, non-certified used or certified used. While everyone knows what a new vehicle is, many people are unsure of the differences between a certified and non-certified used vehicle, and the pros and cons of each. Savvy buyers look for the certified pre-owned (CPO) label, and dealers […] [Read More]

Certified pre-owned sales continue to climb and hit records. And used-car inventories are getting younger at franchised dealerships, with 58 percent of their used-car inventory in the second quarter at 3 years old or newer, according to Edmunds.com. In its Q2 2016 Used Vehicle Market Report, Edmunds said 22.6 percent of franchised dealers’ used-car sales in the second quarter […] [Read More]

The Blue Sky Report from Kerrigan Advisors released on Monday highlighted that the number of large, multi-dealership transactions rose by 52 percent year-over-year during the first half of 2016. Along with seven other key findings from its analysis of the first six months of the year, Kerrigan Advisors found there was a decline in overall […] [Read More]

Rapid Recon founder and chief executive officer Dennis McGinn pinpointed what he called five common mistakes that go undetected and unresolved in vehicle reconditioning that can cost dealers gross margin and erode their ability to be more competitive. “As the industry tightens over the months ahead, fixing these five broken processes now will increase reconditioning’s […] [Read More]

Security breaches can devastate a business, and dealerships — with their cast stores of customer information — are no exception. Citing data from a recent survey conducted by Osterman Research, Helion Technologies announced that 75 percent of small businesses have experienced security breaches in the last 12 months. The findings were published in a July report […] [Read More]

ADESA announced on Monday that ADESA Northwest has been named the U.S. Bank 2015 Auction of the Year, Marine/RV Segment. ADESA Northwest was known as Brasher’s Northwest Auto Auction at the time of the award. The auction has received this honor every year since U.S. Bank began awarding it in 2010 as a way to recognize […] [Read More]

Retail used-car prices, at $19,400 a pop, have never been higher than they were in the second quarter, according to Edmunds.com. But here’s the thing. Average monthly payments on used vehicles are staying relatively low. In the second quarter, the average monthly payment on a used car was $382, according to Edmunds’ latest Used Vehicle […] [Read More]

In less than four years after Westlake Flooring Services was founded, the company recently hit the milestone of 100,000 vehicles in its portfolio. Since November 2012, Westlake Flooring has grown to a division of more than 100 employees with approximately 1,000 active dealerships. “We are very excited to cross 100,000 vehicles floored,” Westlake Flooring Services […] [Read More]

You might be used to ordering everyday items like peanut butter, detergent or headphones on Amazon's Prime Now service.  But a vehicle test-drive? With the latest news out of Hyundai, that is now possible.  Hyundai Motor America has teamed up with Amazon for a program that lets car shoppers in the Los Angeles and Orange […] [Read More]

The National Automobile Dealers Association said thousands of store employees have suffered devastating losses from the recent flooding in Louisiana where storms left more than 20 inches of rain in some places. In light of NADA officials stressing that the need for financial assistance “is great and will last for many weeks to come,” the […] [Read More]