July was the second-best month of all time for certified pre-owned car sales, Autodata Corp. said Thursday. The industry sold 234,243 CPO vehicles last month, which beat year-ago figures by 5.6 percent, the firm reported. The only month stronger was March, when 243,957 certified vehicles were sold.  Five brands (BMW, Lexus, MINI, Nissan and Subaru) reached […] [Read More]

Geared toward operators who are looking to close 2016 strong, the National Alliance of Buy-Here, Pay-Here Dealers released details of its upcoming BHPH Conference set for the first days of November. The conference, whose theme is “Best Practices to Succeed Now,” is designed for both new and experienced operators. The event marks the 13th annual fall […] [Read More]

The Congressional summer recess might just be rampimg up in earnest this week, but 38 Senate members and another 65 House lawmakers delivered a letter to Consumer Financial Protection Bureau director Richard Cordray to push through the agency’s plan to limit arbitration. To recap, the CFPB made a proposal back in May that would prohibit mandatory […] [Read More]

Eleven of the 18 vehicle segments tracked by RVI Group saw increases in residual value in June on a year-over-year basis, according to the latest Market Insight report. Sequentially, that number was 12. Among higher-volume segments, larger-size vehicles saw the biggest year-over-year increases, led by full-size pickups (up 8.7 percent) and minivans (up 7 percent). […] [Read More]

You book a plane ticket online. Maybe the night before the flight or at a kiosk once you arrive at the airport, you check in and get a boarding pass. The boarding pass includes things like your name, flight number, gate number, boarding time and so forth. The boarding pass serves as a re-confirmation of […] [Read More]

AutoCanada, which is based in Edmonton, announced an executive shift this spring as the company found itself in a sales slump amid ongoing recessionary conditions in western Canada. Joining the country’s only publicly traded dealer group as chief executive officer was Steven Landry, whose background includes 27 years with Chrysler Group, where he held various […] [Read More]

Facebook and other social media platforms are certainly key to dealers in reaching shoppers. But the one that’s perhaps most useful may come as a surprise. Swapalease.com polled approximately 2,500 car shoppers in June and found that YouTube was most popular, with 43 percent using it in car research.  Facebook was second at 33 percent, […] [Read More]

It’s not just the retail operations of dealerships that are being impacted by the Takata airbag stop-sale. There is also a “backlog” of cars that would otherwise be hitting the wholesale market, KAR Auction Services chief executive Jim Hallett said during his company’s earnings call Wednesday. KAR is the parent company of auction company ADESA. […] [Read More]

Instagram recently launched a completely new feature set called Instagram Stories. The company describes it as “a new feature that lets you share all the moments of your day, not just the ones you want to keep on your profile. As you share multiple photos and videos, they appear together in a slideshow format: your […] [Read More]

Commercial consignment for ADESA was up 24 percent year-over-year in the second quarter, helping to lift the auction company’s vehicle sales by double-digits, parent company KAR Auction Services said Wednesday. The number of vehicles sold via ADESA climbed by 18 percent year-over-year in Q2. Excluding numbers from acquired locations, sales were up 9 percent, with […] [Read More]