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]

Scotiabank released its Global Auto Report this week, highlighting a record sales month in Canada for the month of May. Carlos Gomes, the senior economist and auto industry specialist at Scotiabank, summarized May’s achievement. “Sales in Canada set a record for the month of May, fueled by a 20 percent year-over-year surge in the purchases […] [Read More]

The first half of 2015 is now complete, and for most buy-here, pay-here dealers it has been extremely challenging. Competition from credit unions and franchised dealers, together with large subprime asset-backed auto finance securitizations, have reduced the market share of independent BHPH dealers. In addition, it has become more difficult for dealers to attract and […] [Read More]

Asbury Automotive Group announced Tuesday its expansion in the Florida market via its acquisition of Mike Davidson Ford in Jacksonville. The dealership, which generates approximately $90 million in revenues annually, will be rebranded as Coggin Ford to join the Coggin Honda and Nissan that Asbury owns in the nearby vicinity. The new addition brings Asbury's […] [Read More]