Edmunds.com has opened up dealer registration today for a used-car sales program known as Used+ that is designed to not only connect dealers with in-market used shoppers, but also close deals quicker with more peace-of-mind for the consumer. All of  this is happening amid an environment in which the leasing boom will likely keep adding […] [Read More]

Sales of certified pre-owned vehicles in June surged 17.6 percent higher year-over-year, pushing the industry to another record-setting quarter. Autodata Corp. reported late on Thursday that June CPO sales came in at 212,957 units. That figure propelled the second-quarter amount to 660,384 vehicles. The quarterly total represented a 13.5-percent gain year-over-year as well as a […] [Read More]

You’re already working hard: You carefully monitor your three main inventories — new cars, used cars and car parts — to bring down overhead costs and maximize profit. You know what you spend on these tangible assets, and you work to turn a profit on those deals. But there’s a fourth inventory at your dealership, […] [Read More]

Here it is — the moment we know that you’ve been waiting for … we are excited to announce that registration is now officially open for the 2015 Used Car Week conferences! For those of you who are Type A planners, that means it’s time to register so that you can check off that to-do list item. Just click […] [Read More]

It appears as though Independence Day weekend is the ideal time to target the summer whims of convertible lovers. That’s according to an analysis from NADA Used Car Guide released Thursday, which highlighted a few manufacturer financing incentives that should prove particularly appealing to July 4 shoppers who enjoy the top-down side of life. “If horsepower […] [Read More]

Enterprise Holdings announced Thursday it has now hired more than 6,000 military veterans and reservists since it joined the 100,000 Jobs Mission coalition three years ago. Founded in 2011, the 100,000 Jobs Mission works to unite private companies that are committed to helping service members make the transition from military to civilian work life. Since […] [Read More]

AutoNation provided an early glimpse into its second-quarter results on Thursday, revealing that the retailer sold 86,794 new vehicles in Q2, a 7-percent increase compared to last year. Looking at the month of June, AutoNation saw a 9-percent increase year-over-year with a total of 27,862 new vehicles sold. On a same-store basis, the group’s new-vehicle […] [Read More]

How much F&I income dealerships can generate might have sustained another impediment stemming from a published report that surfaced this week. SubPrime Auto Finance News connected with Ben Saul, who is a partner in Goodwin Procter’s consumer financial services litigation group in Washington, D.C., to discuss the implication of the captive finance companies for Honda, […] [Read More]

Prices were on the way down at the auctions in May — by 0.6 percent month-over-month, according to RVI — but one segment, in particular took a much bigger hit. According to RVI’s 2015 Q2 Risk Outlook Report, compact car prices suffered in the lanes in May, dropping by 9.6 percent year-over-year, while the market […] [Read More]

Though used prices were still on the way up in May as summer neared, according to RVI data, analysts are still predicting a slow downturn in auction prices — potentially causing some relief for dealers and buyers in the lanes — to begin shortly. According to RVI’s Q2 Risk Outlook, after adjusting for MSRP, used […] [Read More]