With retail prices rising, Experian Automotive reported the average loan amount and monthly payment for used and new vehicles continued to trend upward. According to its most recent State of the Automotive Finance Market report, Experian indicated on Thursday that the average loan amount for a new vehicle reached $30,032, an all-time high. Meanwhile, the […] [Read More]

About the time Memorial Day rolls around, it seems prices for subcompact cars take a major tumble. Black Book now has seen weekly depreciation for these gas sippers drop by close to 1 percent or more at this point on the calendar for three years in a row. Last week — which was week No. […] [Read More]

On Thursday, more details emerged as to which specific makes and models are associated with the ongoing Takata airbag recall. Coming on the heels of a U.S. Senate report detailing how new models are being assembled with airbags that eventually will need to be replaced, the National Highway Traffic Safety Administration posted recall documents connected […] [Read More]

In today’s digital world, television advertising is obsolete … or is it? It’s a question many experts are pondering, and those in the auto industry are no exception. A 2014 article in Dealer Marketing Magazine asked, “Does automotive marketing still rely too heavily on TV advertising?,” while one at NADAFrontPage.com touted a study suggesting that car shoppers […] [Read More]

Sellers of new cars in Canada report increased satisfaction with their finance companies, but one thing is clear: They want more from their lenders than just credit. According to J.D. Power’s 18th annual Canadian Automotive Dealer Financing Satisfaction Study, dealers want their auto finance providers to be true business partners. “Dealers want their lenders to […] [Read More]

R. Hollenshead Auto Sales announced it has launched vehicle valuation tool Accu-Trade in Canada, giving dealers a mobile platform to capture leads, increase customer trade-ins and generate appraisals. “Now, dealers have access to the same tool I use to buy and sell up to 1,000 cars a week. I am so confident in the pricing, […] [Read More]

According to a U.S. Senate report released Wednesday, Fiat Chrysler, Mitsubishi, Toyota and Volkswagen are continuing to sell new vehicles equipped with faulty Takata airbags — knowing that these vehicles will have to be recalled by 2018. The automakers admitted during an investigation by Senate Commerce Committee Democrats that they are selling cars equipped with […] [Read More]

As he prepares to take over as manager of the Carolina Auto Auction, Eric Autenrieth is proving that you can go home again. Autenrieth spent 10 years working alongside his parents, Henry and Patty Stanley, after they purchased Carolina Auto Auction. His roles included outside dealer sales rep, sales and marketing manager, fleet/lease manager and […] [Read More]

With 10 of the 12 Federal Reserve districts discussing new- and used-vehicle sales activity, the latest Beige Book highlighted that metal rolling over the curb generally was steady in April and May. On Wednesday, the Fed reported through its district-by-district rundown that looking at overall sales, truck and large vehicle turns outpaced car sales across […] [Read More]

Mark Lindstrom, owner of Darlington Auto Brokers, wasn’t pleased with the body work that another business had performed on one of his vehicles. So, he took the vehicle to Manheim Darlington’s new Retail Solutions center early last week to have paint and body work done on the truck. Lindstrom was able to pick it up […] [Read More]