When Advantage Funding co-founder Ed Kaye makes a presentation to buy-here, pay-here dealers, he often begins with a list of seven questions for them to consider. Before going any further, Kaye recommends that operators stop finance companies from going any further unless they can explain their programs in a concise, understandable way. “We believe that […] [Read More]

Recently an operator came to Ken Shilson and told the founder of the National Alliance of Buy-Here, Pay-Here dealers that he found an easy way to save money on every sale he made at his dealership. Immediately after Shilson applauded the operator on the achievement, he asked the BHPH dealer how he did it. The […] [Read More]

Most dealers are crunched for used supply these days, as off-lease vehicles remain scarce — even though rumors of expanding supply are on the horizon. And as dealers look to alternative sourcing methods to fill their used-car lots, one term they have most likely been hearing about quite a bit this past year is dealer-to-dealer […] [Read More]

Transaction prices were up in 14 of the 15 used-vehicle age groups in the latest quarterly data set from Edmunds.com. But that comes with one big Catch-22. In its Q3 2014 Used Vehicle Market Report, Edmunds said the “one downside to selling more expensive vehicles is longer lot times.” Analysts added, “This is especially true […] [Read More]

The Dilawri Group of Companies announced this week it has added a 50th dealership to its franchised dealership lineup. The dealer group has bought Audi Queensway in Toronto. "We are proud to welcome Audi Queensway to our company," said Kap Dilawri, who along with his brothers Tony and Ajay, are principal directors of the company. "This is […] [Read More]

AutoNation reported year-over-year increases in several new-vehicle metrics for the month of November. The group posted 27,055 new-vehicle sales for November, marking a 6-percent increase compared to November 2013, despite having one fewer sale day in 2014. The sales in each segment each rendered a year-over-year increase, with the biggest jump being in domestic sales, up 8 […] [Read More]

The trifecta of automakers that have posted year-over-year gains consistantly this year continued their success last month. Once again, Volkswagen Canada, Audi Canada and Mazda Canada notched year-over-year gains. Take Audi Canada, for example, which sold 466 certified units in November, up from 398 in November 2013. This represents a 17.1-percent year-over-year increase and marks […] [Read More]

Year-to-date certified pre-owned sales have already eclipsed the 2 million mark, with last month’s tally of 192,952 sales marking the best November ever for CPO, according to Autodata Corp. The aforementioned November record beat year-ago figures by 9.3 percent and pushed annual sales to 2.14 million, a 10.2-percent increase over the first 11 months of […] [Read More]

Used-vehicle depreciation may not have eased as much as expected this past month, after October brought with it significant price declines of 2 percent. According to Black Book data the average price of a used vehicle for model years 2009-2013 still depreciated by 1.9 percent in November, down only slightly from October rates. Domestic cars […] [Read More]

Manheim Pennsylvania’s six weeks of charitable endeavors in its local Lancaster County continues throughout the month of December with a focus on several charities. The events rolled out in November with the company’s Veteran’s Day celebrations, where 2,000 flags were installed around its more-than-400-acre facility in honor of Lancaster County veterans, along with donations topping $2,500 to […] [Read More]