Winter was tough this year, even for residents of New York who are accustomed to heavy snows. But one ServNet auction demonstrated its “snowhow” in overcoming the weather to record new sales records. "We have been in the auction business since 1981, but 2014 will go down in history as perhaps the toughest winter we […] [Read More]

Used-vehicle sales this month are likely to be north of 3.4 million, says TrueCar.com, which released its monthly new- and used-car projections on Monday. Specifically, TrueCar is forecasting an estimated 3.437 million used sales for March with a projected new-to-used ratio of 1:2.3. The firm is calling for 1.478 million new-vehicle sales (including fleet sales) […] [Read More]

Seasonality normally plays a role in luxury vehicles losing a bit of their value and demand come winter, but for those who were looking for inventory in the high-end range this past month, the vehicles may have been hard to come by. Luxury vehicles swept the national scarcity charts in February, according to the latest […] [Read More]

Service departments can be one of the keys to sourcing quality used vehicles as potential trade-ins come in and out of the shop doors every day. But it's also an extremely vital revenue stream for any dealer. Are you maximizing productivity and profitability in this branch of the dealership? With this in mind, NADA-ATD Academy […] [Read More]

DCH Auto Group announced today it has added another California dealership to its lineup. With the acquisition of Honda of Mission Valley in San Diego, the dealership group expands its store count to 27 existing new and pre-owned car dealerships in New Jersey, New York and California. The store, which will be renamed DCH Honda […] [Read More]

Amid the rapid expansion of digital marketing channels in the automotive space, the process of connecting with and retaining service customers these days can be like the subway routes at Grand Central Station: complicated and moving quickly in multiple directions. Such is the sentiment from a study released by DMEautomotive at this year’s NADA Convention […] [Read More]

The last of the 10 dealers associated with Federal Trade Commission’s enforcement actions dubbed “Operation Steer Clear,” has agreed to resolve charges involving store advertising of financing. Officials said a consent order has been reached between the FTC and Courtesy Auto Group of Attleboro, Mass., indicating that the dealership violated federal regulations by deceptively advertising […] [Read More]

In a “promising” sign for dealers, about two-thirds of the participants in the latest dealer survey from KeyBanc Capital Markets said their used-vehicle gross profits per unit were up more than $50 year-over-year in February. Only 17 percent saw their used gross profits per unit drop more than $50 per unit, and 17 percent showed […] [Read More]

A two-company partnership has produced two new programs for addressing the most common challenges of fleet management clients, while saving them money. LeasePlan USA and American Traffic Solutions Fleet Services are teaming up to implement new toll and violation solutions for clients, namely the TollPlanSM and ViolationsPlanSM programs. “LeasePlan is pleased to partner with ATS […] [Read More]

The percentage of price increases for vehicle segments flowing through the lanes this past week continued to grow, hitting the highest level seen over the past 12 months. This prompted some dealers to predict we might see another month of positive values before settling into a more stable auction market. According to Black Book’s Ricky […] [Read More]