This past October marked the first anniversary of Lithia Motor’s purchase of DCH Auto Group. And if the company’s fourth-quarter and full-year 2015 results are any indictor, the combination is working out well for Lithia. In fact, Lithia boosted same-store used sales in Q4, which included the DCH stores, by 12 percent. The dealer group also […] [Read More]

Western Funding launched a compliment to its successful Triple Pay Program this week; an initiative dubbed the “10-10-10 Program.” As an extension of the Triple Pay program, the subprime auto finance company explained its “10-10-10 Program” allows dealers to fill their Triple Pay buckets even faster and increase the speed at which they may receive […] [Read More]

Look for used-car sales to be well above 3 million units this month. At TrueCar, analysts are predicting a possible 3.27 million used sales for February, which would be a 4.5-percent dip from a year ago. Meanwhile, Edmunds.com is calling for 3.5 million used-car sales this month, with a resulting SAAR of 37.9 million. In […] [Read More]

Experian Automotive said Thursday it has launched a new report called the Vehicle Lease Maturity Report that aims to provide detailed information about late-model used cars coming off lease. And there will be quite a few of those this year — 3.1 million, to be precise, Experian predicts. The new report will provide industry professionals […] [Read More]

The provincial government has announced proposed amendments to the Motor Dealer Act of British Columbia. In an effort to strengthen its consumer legislation to increase protections for motor vehicles buyers, Minister of Public Safety and Solicitor General Minister Mike Morris introduced the changes in mid-February. The amendments are designed to increase certainty to consumers when […] [Read More]

AutoCanada announced this week its plans to sell the operating assets of its Newmarket Infiniti Nissan store in Newmarket, Ontario – a deal which is expected to close this week. The proceeds of the sale are expected to reduce the company’s debt by roughly $11,500,000, while the company is also planning to sell excess lands […] [Read More]

Last year was the best ever for franchised dealers’ used-car operations, and the pre-owned industry as a whole had its strongest year since 2007, according to a report from Edmunds.com. And the linchpin to these and other trends in the rapidly rising used-car market? Leasing, says Jessica Caldwell, the director of industry analysis at Edmunds.com. The […] [Read More]

If you’re a dealer, protecting your customers is about more than protecting your business; it’s about contributing to the overall wellbeing of your community. So with issues on a large scale as huge as the potential risks caused by Takata’s airbag inflator ruptures, the more you know, the more you can potentially protect yourself, your […] [Read More]

Although vehicle technology is progressing at a rapid rate — even self-driving cars are no longer just an idea — it seems some of this very same tech evolution is continuing to cause vehicle owners problems. According to the J.D. Power 2016 U.S. Vehicle Dependability Study released Wednesday, technology continues to affect vehicle reliability. The […] [Read More]

Carvana has launched a trade-in and valuation tool called Cardian Angel that is designed to generate a guaranteed written appraisal and video explaining why the value is what it is — all within two minutes, the company says. Carvana said in Wednesday’s news release that through the Cardian Angel website, a consumer can punch in […] [Read More]