To catch the attention of dog lovers everywhere, AutoTrader is celebrating National Dog Day by naming a list of vehicles that are most friendly toward the furrier of passengers. AutoTrader.com released its list today of their picks for “Must-Shop Cars for Dog Lovers.” And catering to the dog lovers in your community may bode well […] [Read More]

SoCal Penske broadened its presence in the southern California retail sales and service market last week by adding a Toyota store to its dealer group. With plans for a complete renovation to operate a state-of-the-art facility, SoCal Penske now has Penske Toyota Scion of West Covina in its store portfolio. Located just off Interstate 10 […] [Read More]

Technology service provider Xcira announced Monday the release of AuctionEar, an iPhone app that brings the sights and sounds of the auction block to your mobile device. Available for free in the Apple iTunes store, AuctionEar allows for live audio and video streaming, in conjunction with Xcira’s existing mobile bidding technology, to aid in remote […] [Read More]

For any NAAA-member auctions interested in participating in Auto Remarketing’s “Auction Life” feature — which is part of our annual National Auto Auction Association Convention Issue — the deadline to submit photos is this week.  This special section of our NAAA Issue will include photos from auctions across the country, sharing bits of the day-to-day life from […] [Read More]

With leasing continuing to gain momentum, CNW Research compared the contract residual value projection with the likely actual value at the end of term. In the August Retail Automotive Summary, firm analysts found that last month’s industry average settled at 85.88 percent — a figure representing the difference between the actual contract and the eventual […] [Read More]

Weakening sales this month have triggered increased lot inventory, according to CNW Research’s monthly Retail Automotive Summary. Despite dealers being able to get a higher-than-average percentage of their asking prices on used cars so far this month, the higher stocks of vehicles have led to the used-car days’ supply going up 3 percent, a trend the […] [Read More]

Last week, gas prices dropped for the seventh week in a row, and some of the more fuel-efficient segments are following suit at the auction. Prices at the pump dropped to a national average of $3.47 per gallon last week, and Black Book’s Ricky Beggs pointed out the three smaller, more fuel-efficient segments saw the […] [Read More]

Manheim chief economist Tom Webb regularly tries to take questions connected to current events when he closes his monthly Auto Industry Brief. The August edition contained questions that likely came from a busy F&I manager. The questioner arrived at the query after reading that household debt levels shrank in the second quarter. “That’s not the […] [Read More]

As CNW Research noticed both sequential and year-over-year increases in approvals for subprime vehicle financing so far this month, two Equifax economists took their turn to again reiterate how a bubble is not forming in that segment, contrary to the connection some observers are making to the mortgage meltdown. In a white paper released on […] [Read More]

Dealer solutions provider Autosoft now offers convenient access to credit report and compliance services within its Web-based FLEX F&I application because of a new a partnership with 700Credit. On Monday, executives highlighted this partnership can help dealers quickly complete the entire sales process without leaving Autosoft’s FLEX F&I application — in most cases while a […] [Read More]