Impacted in part by the legal costs, the American Bankruptcy Institute indicated total bankruptcy filings in the United States decreased 12 percent in April compared to the same month last years. According to data provided by Epiq Systems, bankruptcy filings totaled 77,884 last month, down from the April 2014 total of 88,163. Consumer filings declined […] [Read More]

Ford Motor Co. vehicles took four of the top 10 spots in the latest list from Cars.com outlining the steepest used-car price hikes for April. According to this report written by Mike Hanley of Cars.com, the 2012 to 2014 model-year used car with the biggest increase in asking price last month was the Lincoln MKZ, […] [Read More]

The National Independent Automobile Dealers Association announced Thursday that ReCARnation and its owner, Marc Powell, have been recognized for business excellence with the Jack and Donna Rust Award for Excellence in Ethical Business Practice. The Albuquerque, N.M.-based dealer, who was also recognized as the NIADA National Dealer of the Year, was presented the award at […] [Read More]

From adding service bays and express lanes to extending hours, many dealerships are investing heavily in fixed operations. However, the impact of that investment to the bottom line could be minimized if your fixed ops employees are unhappy. Dissatisfied employees lead to higher turnover, higher costs, reduced service capacity and decreased customer satisfaction. If you’re […] [Read More]

Asbury Automotive Group is expanding in the Atlanta market. The dealer group announced that it has purchased Capital City Nissan, which rakes in approximately $70 million in revenues each year. Asbury will rebrand the dealerships Nalley Nissan Atlanta, bringing its store count to 17 in the state. The new store is located near I-285 at […] [Read More]

Women buyers now account for more than half of all car sales, and they influence more than 80 percent of car purchases.  Yet one out of three women feel apprehensive or overwhelmed when they shop and buy a car.  Less than 40 percent of women car buyers feel confident about the process.  A full 75 […] [Read More]

ADESA announced recently that one of its locations, ADESA Golden Gate, was named the Auction of the Year for 2014 by VW Credit Inc. based on year-round measurements of key performance indicators. The auction location was also recently honored with LeasePlan’s 2014 Stellar Performance award as well as with General Motors’ Overall Achievement awards for […] [Read More]

KAR Auction Services might not nearly be finished acquiring independent auctions, with chief executive officer Jim Hallett saying there are “five to 10 really good strong independents that we would be very interested in acquiring if the opportunity presented itself.” Back in March, KAR announced that business unit ADESA expanded its presence in Pennsylvania with the […] [Read More]

Canada’s sole public dealer group hosted its quarterly conference call on Thursday, announcing its results in the first quarter of 2015. In light of AutoCanada’s recent acquisition run, the group’s overall used vehicle units sold nearly doubled year-over-year from 2,861 in the first quarter of 2014 to 4,891 in 2015. On a same-store basis, however, […] [Read More]

Rather than just attributing double-digit growth in unit and dollar volumes as well as the number of active dealers using its platform only to market conditions and the possibility some competitors pulled back during the first quarter, Credit Acceptance Corp. leadership applauded the efforts of its nationwide salesforce. Credit Acceptance reported that unit and dollar […] [Read More]