The overwhelming majority of import brands listed in Autodata Corp.’s set of monthly certified pre-owned sales results showed year-over-year increases in April, many by double-digit percentages.  As a whole, Asian brands increased their sales by 5.8 percent last month, moving 91,027 CPO units, according to Autodata. Year-to-date, they have sold 352,808 certified units for a […] [Read More]

More than 100 employees of Manheim Detroit took up their bags to make a difference in their community. In an effort to clean up and preserve the environment, the group spent more than three hours on May 2 collecting 130 bags of trash from the grounds and areas around the Carleton, Mich., location and the […] [Read More]

Dealers had to dig deeper into their floor plan dollars yet again last month. Manheim reported that wholesale prices (on a mix-, mileage- and seasonally adjusted basis) climbed in January, February, March and now April, too, extending a streak that dates back to December of last year. This movement resulted in the Manheim Used Vehicle […] [Read More]

KAR Auction Services chief executive officer Jim Hallett is bullish about the prospects for independent dealerships — not only for their retail performance, but also on the potential for these stores to acquire highly desirable off-lease vehicles coming down ADESA’s lanes. Hallett made his assertions earlier this week when KAR released its first-quarter financial report. […] [Read More]

Honda announced this week it is recalling 1,501 2014-model-year Odyssey vehicles in Canada to repair the electrical coupler — a component in the passenger side curtain airbag system. “During assembly of the electrical coupler for the passenger side curtain airbag, the shorting terminal, which is used to prevent deployment of the airbag before it is […] [Read More]

Based on the thinking that the right approach to financing a vehicle can help subprime buyers get their credit back on the right track, Edmunds.com offered four recommendations that dealers can share with consumers to help with the process. Those four suggestions included: 1. Run your credit report. AnnualCreditReport.com offers one free report per year […] [Read More]

With at least one industry association cheering the move, the Consumer Financial Protection Bureau on Tuesday proposed a rule to promote more effective privacy disclosures from financial institutions to their customers. The rule would allow companies that limit their consumer data-sharing and meet other requirements to post their annual privacy notices online rather than delivering […] [Read More]

Not every single General Motors franchised dealership uses Ally Financial to cover floor plan needs. While company executives say they're working to improve penetration levels, Ally leadership says it’s focused on another metric that shows the solid performance the company owns, stemming from its commercial department. Jeffrey Brown, president and chief executive officer of Ally […] [Read More]

Dealers interested in learning how their stores compare with others across the region and nation now have a bit more time to submit their data for a comprehensive, no-cost industry study. The deadline to participate in the 2014 NADA-ATD Dealership Workforce Study has been extended to June 30, to provide members of the National Automobile […] [Read More]

Wholesale prices are continuing to correct after experiencing seasonal highs earlier this spring. Using its AuctionNet data and analysis, NADA Used Car Guide is predicting prices to fall by 0.4 percent or $75 this week. And only one segment is expected to see prices lift: midsize vans, which are predicted to see price gains of […] [Read More]