Since its debut, more than 45 percent of new-car sales for the Tesla Model S have come from California, according to data from Polk and Edmunds.com. But on the used-car side, the Golden State’s share is much smaller — in fact, it’s just over 30 percent. States like Florida, Washington and Texas have poached pieces […] [Read More]

In a development cheered by the National Automobile Dealers Association, a proposal to modify how the Consumer Financial Protection Bureau oversees indirect auto financing took one step forward on Wednesday, moving beyond the House Financial Services Committee now to be considered by the entire chamber. Rep. Frank Guinta, a New Hampshire Republican, introduced H.R. 1737 […] [Read More]

TrueCar and Sonic Automotive announced a settlement Wednesday resolving a trademark dispute, prompting the dealer group to end its policy against doing business with the online marketplace. Sonic executive vice president of operations Jeff Dyke said in a statement that the company is “open to evaluating from a corporate level whether its dealerships will participate in […] [Read More]

Those interested in sharpening their auction skills can look forward to an upcoming National Auto Auction Association standards training event in Michigan next month. The upcoming NAAA Auction Standards Training Program will feature two days of classroom and hands-on training for vehicle inspectors, operations managers, account coordinators, arbitration managers or anyone else interested in enhancing […] [Read More]

Stores that are a part of Larry H. Miller Dealerships in Colorado are joining with Denver’s 9NEWS and the Volunteers of America (VOA) for the 14th annual “Stuff for Students” school supply drive. During the entire month of August, officials highlighted the seven Larry H. Miller Dealership locations statewide will be collecting essential school supply […] [Read More]

VinSolutions announced Wednesday that it has integrated its VinConnect Desking tool with Autosoft’s dealership management system Autosoft FLEX F&I. Via the integration, VinSolutions hopes to reduce some of the redundancy of duplicate data entry between the two programs and increase visibility between a dealership’s departments and its DMS solutions. Through real-time integration, Autosoft data is […] [Read More]

When America's Car-Mart closed its fiscal year back at the end of April, the buy-here, pay-here dealership chain initially expected to expand its footprint in Missouri. Instead, Car-Mart broadened its presence elsewhere in the Southeast this week with its seventh dealership in Georgia. The newest location is in Albany, Ga., lifting Car-Mart’s store count to […] [Read More]

Penske Automotive Group announced Wednesday it just concluded the best quarter and six months in company history. Second-quarter revenue was up 12.3 percent to $4.9 billion, while year-to-date revenue soared by 11.8 percent to come in at $9.4 billion. The company explained this revenue spike was driven by a 7.1-percent increase in retail auto sales, including […] [Read More]

Vehicle shopping website Carpages.ca announced this afternoon it has partnered with Carfax Canada in an effort to create a better online shopping experience for used cars. Now, buyers on the site will be privy to complementary Carfax Vehicle History Reports from subscribing dealers included with their inventory on Carpages.ca — the only car-shopping website in Canada […] [Read More]

Equifax deputy chief economist Dennis Carlson used imagery of the plumbing that might be in your home to describe the industry surpassing $1 trillion in outstanding auto loan balances in June. The credit bureau’s data showed total outstanding balances on vehicle installment contracts and leases increased 10.5 percent year-over-year to come in at $1.021 trillion […] [Read More]