Thinking back a few years, Fisker Automotive emerged on the scene in 2008 as a competitor to Tesla with the launch of the all-electric Karma — its first and only vehicle. The company went into bankruptcy in 2013, then was bought by Chinese parts manufacturer Wanxiang last year. Now, it looks like the automaker is back […] [Read More]

Despite a slowdown from March, certified pre-owned sales in April beat year-ago figures by more than 11 percent, and two brands posted their best-ever months. According to Autodata Corp., there were 214,967 certified sales last month, an 11.3-percent increase from April 2014 and a 3.4-percent decline from March. Through four months of 2015, the industry […] [Read More]

Subprime auto finance companies might be paying even more attention to individuals who are renters because of new research from Enterprise Community Partners, which found 25 percent of these households spend at least half of their monthly income on dwelling commitments. Furthermore, of the 11 million households that fell into that category, Enterprise Community Partners […] [Read More]

GO Financial and NextGear Capital recently launched their "Gear Up and GO" rebate program. Officials said this new promotion, which began on April 1, provides dealers the opportunity to earn a $100 credit for each eligible vehicle that is floor planned with NextGear Capital and sold to a consumer via GO financing. “It’s important to […] [Read More]

On Monday, Pelican Auto Finance engaged with product compliance and marketing firm FNI Inc. to provide management services and training for its recently announced vehicle service contract program with AUL. Pelican turned to FNI to design a standardized product marketing process for its sales force and dealer base, which currently extends into more than 30 […] [Read More]

The move by Tesla Motors to roll out a certified pre-owned offering online is good one, says Alec Gutierrez, but also a gradual one. And eventually it could open doors to more brand exposure for the automaker. During a conference call with reporters on Friday, the Kelley Blue Book senior analyst estimated that Tesla sells an […] [Read More]

The first three months of 2015 represented the best quarter ever for certified pre-owned sales, according to Autodata Corp., which said dealers moved 614,450 CPO vehicles in Q1. Not only did that follow the fourth straight year of record CPO sales, it also followed a fourth quarter in which leasing’s penetration of all new vehicles […] [Read More]

DCH Auto Group, which is a part of Lithia Motors, is calling attention to teen driving safety this month as part of Global Youth Traffic Safety Month (GYTSM).  Officials highlighted that throughout May, all DCH Auto Group dealerships in New Jersey, New York and California will be sponsoring activities to raise awareness about how to […] [Read More]

Wholesale network AutoWurld announced Thursday it has formed a partnership with Prime Auto Care to provide third-party volume-priced sales support services to its franchise, independent and wholesale dealers at a discounted rate with an AutoWurld membership. The services also include warranty and inspection services, including a 158-point inspection service through AutoWurld’s partnership with OneGuard that […] [Read More]

Penske Automotive Group's service and parts operations raked in roughly $260.3 million in overall retail automotive gross profit during the first quarter of 2015. This marked a 5.8-percent year-over-year increase and also accounted for 41.4 percent of the company’s gross profit mix in the quarter. When asked how much of a tailwind recall services were adding the parts and service business at […] [Read More]