Dealers are scouring the lanes trying to find inventory to prosper during tax season. The daily result is that Black Book editors are seeing some of the highest levels of price adjustments. Black Book editorial director Ricky Beggs shared in his weekly online video commentary that since the first of February, editors have averaged 1,820 […] [Read More]

Whether it’s the film industry or the auto industry, the shift in lead roles is hard to miss. The 2014 Oscars that took place a couple of weeks ago was truly a revelation of the changing gender role trends in films.  More than one film nomination had strong female leads, enjoying almost all the air […] [Read More]

General Motors rolled out three separate recalls on Monday as a result of the request by new chief executive officer Mary Barra for a comprehensive internal safety review following the ignition switch recall that’s created so much turmoil for the domestic OEM. Included in GM’s newest campaigns are: — 303,000 Chevrolet Express and GMC Savana […] [Read More]

DCH Auto Group grew to 26 dealerships this week, with the announcement on Monday that it has acquired Honda of Nanuet, located in Nanuet, N.Y. The dealership will be renamed DCH Honda of Nanuet as it joins the company's 25 existing new and pre-owned car dealerships in New Jersey, New York and California. "We're delighted […] [Read More]

According to a new survey by financial information company Sageworks, U.S. banks and credit unions that are preparing for proposed changes to how they must estimate credit losses anticipate they’ll eventually need to boost allowances for loan and lease losses by up to 50 percent Among more than 300 bankers surveyed during a recent webinar, […] [Read More]

Of the Top 20 finance companies in the used-vehicle market, only eight gained market share year-over-year as of the close of the fourth quarter. And according to Experian Automotive, many of the operations that lost ground in Q4 saw their market shares soften by double digits. Analysts indicated Wells Fargo continues to be the market […] [Read More]

With an average of tax refund of more than $3,000 coming to consumers, GOBankingRates analysts sought out to find the states and cities that boast the lowest interest rates on new-vehicle loans this month. The site’s study determined the five cheapest states for financing a new vehicle include: — Hawaii: four-year loan at 1.9 percent […] [Read More]

In the 2013 Chase Auto Finance Dealer Survey released earlier this winter, dealers were asked what parts of their business were seeing growth. Out of the 262 dealer principals taking the survey, 207 of them (or an even 79 percent) said they were seeing growth in pre-owned sales. More than 56 percent of the 262 […] [Read More]

A Chrysler manufacturing plant slated for closure has reversed course, and is now set to build an all-new model and welcome hundreds of new workers. On Friday, Chrysler Group chairman and chief executive officer Sergio Marchionne announced the addition of 800 jobs at the Sterling Heights Assembly Plant in Michigan, to support production of the […] [Read More]

With trees starting to bud in some places and college basketball fans ready to fill out NCAA Tournament brackets, analysts from NADA Used Car Guide are seeing positive signs of spring for dealers, too. Executive automotive analyst Jonathan Banks articulated several specific points in his market overview video for March. “NADA expects the uptick in […] [Read More]