The National Automobile Dealers Association applauded the news that franchised dealers no longer have to fill out a form certifying that a new vehicle complies with the Clean Air Act prior to the sale. NADA recapped that H.R. 724 was signed into law this week by President Barack Obama. The association explained the bill eliminates […] [Read More]

At the same time chief executive officer Mary Barra faced General Motors shareholders during the company’s first annual meeting with her in control, Swapalease.com noticed in its latest report on vehicle incentives from May that one particular trend jumped out at site executives. Despite all the attention associated with the automaker’s recalls, Swapalease reported that […] [Read More]

For all their fuel-saving power, hybrid vehicles can also present unique hazards to service technicians, and have specific upkeep requirements. These topics and others will be addressed in a hybrid clinic hosted by the Grappone Automotive Group, set for June 26 at its LEED-certified Toyota facility in Bow, N.H. Aimed at the group’s wholesale parts […] [Read More]

Tax season market strength wasn’t done with the auction in May — wholesale prices remained elevated for the third straight month. And according to NADA’s latest Guidelines report, strong seasonal demand served to lift NADA’s used-vehicle price index to a new high of 126.8. This is 0.5 percent better than the previous record set just […] [Read More]

Quebec’s Mercedes-Benz Rive-Sud broke grown on a new larger dealership facility at the same location that has been home to the store for more than 50 years. Tim Reuss, president and chief executive officer of Mercedes-Benz Canada, along with company executives, recently joined Claude Leclair, Carolynn Leclair and François Leclair, respectively president, vice president and […] [Read More]

Chrysler announced Tuesday morning that 86 dealers in North America have been awarded Alfa Romeo franchises, with expectations that number may one day grow past 300 locations. This initial pool of dealers have been picked from existing FIAT and Maserati brand dealers, and includes 82 dealers in the U.S. and four in Canada. These stores […] [Read More]

Wholesale prices began falling in May, and according to NADA’s latest Guidelines report, the trend isn’t expected to slow down this month. NADA is predicting that prices will fall between a range of 2 percent to 2.5 percent this month. As for the rest of the summer, used-vehicle depreciation is expected to drop to a […] [Read More]

A combination of factors prompted research firm IBISWorld to report that revenue for repossession agencies is projected to increase during the next five years. IBISWorld analyst Maksim Soshkin explained what is sparking that forecasted revenue rise through 2019 includes increasing per capital disposable income levels and declining unemployment predicted to create more consumer spending. As […] [Read More]

Carfax is ramping up their presence in Canada, with a redesigned vehicle history report for Canadian dealers as well as a subscription-based offering. Now, Canadian dealers can enjoy similar benefits to those U.S. dealers have been enjoying since 2011, through the Carfax Advantage Dealer Program. This news comes after the company hired Jon Arnett as […] [Read More]

Although the average age of a vehicle on the road today is steady from a year ago and appears to have reached a “plateau,” the number of vehicles out there has hit an all-time, according to IHS Automotive. And in what’s potentially good news for dealers and their certified pre-owned operations, IHS is forecasting strong […] [Read More]