Chrysler Group made several announcements today, including the establishment of a new office and the appointment of new leadership. The new office of Vehicle Safety and Regulatory Compliance will be responsible for its namesake (the company’s vehicle safety and regulatory compliance), responsibilities that had previously been held by Chrysler’s global engineering group. The group will […] [Read More]

Pick an automaker, domestic or import, and they’ve probably recalled thousands of vehicles so far in 2014. In light of this year setting a new record for recalled vehicles, Potratz Partners Advertising shared two separate recommendations aimed at helping dealerships use recalls to improve both the service and sales departments. “Despite the negative aspect of […] [Read More]

Millennium Capital and Recovery Corp. recently achieved the SSAE 16, AT101 Service Organization Controls (SOC) 2 report representing the third consecutive year in which the recovery management service provider attained this coveted certification as recognized by the American Institute of Certified Public Accountants (AICPA).  Executives highlighted a SOC 2 examination is widely recognized because it […] [Read More]

The American Recovery Association recently reached a partnership with Harding Brooks Insurance and Northern Star Management to offer new benefits exclusively to all ARA members. Through this partnership, members will have the opportunity to take advantage of a variety of unique offerings, including performance-based dividend returns, interest-free payments and voluntary employee benefits such as life, […] [Read More]

The Charleston Auto Auction presented the Berkeley County Habitat for Humanity with a $5,000 check on Aug. 1 along with a commitment to assist in building a house. The check was given in the company of 500 dealers present prior to the start of the business’ weekly Friday auction. Laura Taylor, the general manager of […] [Read More]

Bankrate Inc. released its list of least and most expensive states to own a vehicle this week — with results that may surprise you. Although it has below-average repair, fuel and insurance costs, Wyoming marked the list as the most expensive state to own a vehicle. Why? Everything is so far apart — Wyoming residents […] [Read More]

During an early August conference call with the media, Kelley Blue Book senior analyst Alec Gutierrez said that leasing was accounting for a little more than 25 percent of all new-vehicle retail sales year-to-date, calling it a “key driver” behind the new-car market’s strength. That level beats 2013 lease penetration figures that averaged between 22 […] [Read More]

Trucks have held strong price retention throughout 2014, and Black Book’s Ricky Beggs says overall consistency remains a pattern in segment price trends. In the Black Book editorial director’s latest “Beggs on the Used Car Market” video, he reports that last week the prices for trucks fell by an average of $49, or 0.31 percent, […] [Read More]

Dealers, it seems, are exploring a bevy of alternative avenues to acquire used-vehicle inventory like dealer-to-dealer trade networks, online auctions and multiplatform remarketing, as well as websites where they can generate trades directly from consumers. At the same time, more traditional routes like working the trade-in and the brick-and-mortar auction sales are a strong mainstay […] [Read More]

National Highway Traffic Safety Administration officials said problems triggered by the use of winterized fuel prompted Volkswagen of America to recall more than 150,000 crossovers. Volkswagen is recalling the Tiguan from the 2009 through 2014 model years that were manufactured from July 2007 through June of this year. The recall encompasses a total of 151,389 […] [Read More]