The Canada-based vehicle history reports company that entered the reconditioning market just last year is broaching more new territory. CarProof announced this morning it is entering the vehicle valuation field in full force. The company officially announced it has bought Canadian Red Book and outlined plans to launch a vehicle valuation tool that uses actual […] [Read More]

Comments thrown back and forth in the lanes last week didn’t illustrate the market the industry is used to seeing in mid-October. Instead of no sales and tough sales, the Black Book editorial staff were bringing back reports of a “steady, “good” and “solid market.” Black Book editorial director Ricky Beggs broke down last week’s […] [Read More]

If Alabama football coach Nick Saban has any extra time from running the Crimson Tide, he can check to see how his pair of luxury brand dealerships are doing. Two dealerships previously owned by Crown Automobile recently were sold to a partnership including Saban and the chief executive officer of Dream Motor Group, Joe Agresti. These […] [Read More]

Used- and new-vehicle sales are rising, and the latest survey data from the National Automobile Dealers Association and Ally Financial showed dealers continue to increase their level of giving to charitable causes. In fact, more than 70 percent of franchised dealers surveyed in September said they increased their charitable giving so far in 2014, up […] [Read More]

In addition to announcing the acquisition of a Nissan store in California late last week, Lithia Motors shared a sneak peek Monday of what its third-quarter results might entail, including some projected used-car numbers. According to preliminary results, Lithia increased its used retail same-store sales by 13 percent during Q3. However, there was some pressure […] [Read More]

Tesla’s new certified pre-owned program will definitely serve to make the Model S accessible to more shoppers, but one question remains. Will the certified move bring the automaker more buyers? The first of the Model S vehicles sold are nearing three-years old, and with Tesla’s recently launched consumer lease program as well as the option […] [Read More]

If you set your automated news alerts or RSS feed to “subprime” or “subprime auto finance,” you’re likely to find news stories that fit in one of two camps:  A) subprime auto financing is heading down a dangerous path akin to the mortgage crisis of the late 2000s, or B) those fears are perhaps unwarranted. […] [Read More]

As more major retailers are being hacked for consumer information, Dealertrack Technologies made five recommendations to help dealerships protect themselves, their customers, store data and ultimately, profitability. Among the five steps shared by Sharon Kitzman, vice president and general manager of DMS for Dealertrack, were: — Create privacy notices that address the sharing of data. […] [Read More]

Officials from eLEND Solutions highlighted the seven main components of CreditPlus, the next generation of their online, interactive credit application platform. Launched on Monday, the company explained CreditPlus can instantly pre-approve shoppers based on dealer-defined credit criteria and can provide shoppers with direct, upfront access to dealership financing sources and real near-final terms of approval […] [Read More]

In an expansion to their existing partnership in the certified pre-owned space, Carfax will be including all Ford- and Lincoln-brand CPO vehicles on its Carfax Used Car Listings website. Ford will continue to provide free Carfax Vehicle History Reports on all of its Ford and Lincoln CPO vehicles, requiring that all Ford/Lincoln certified rides have […] [Read More]