If Tesla Motors is successful in pushing its direct-to-consumer sales model forward as well as bringing a more affordable electric vehicle to the market, the company may make an even bigger splash in the dealer market in the near future. And if Tesla solidifies a larger footprint in the industry, its core business practices, such […] [Read More]

A senior enforcement attorney at the Consumer Financial Protection Bureau and an independent investigator offered more than two hours of testimony on Wednesday of alleged discrimination happening within the agency. During a hearing orchestrated by the U.S. House Committee on Financial Services Subcommittee on Oversight and Investigations, Angela Martin told lawmakers about her ordeal at […] [Read More]

It looks like the auction price increases that were predicted to slow after March might stick around for a few more weeks as tax season comes to a close. According to NADA Used Car Guide, prices in the lanes this week will rise by 0.6 percent, or $100, versus the two-week average. The biggest spikes […] [Read More]

ADESA Golden Gate has been recognized by six different consignors for superior performance. Most recently, the auction was named the Top Retention Auction of the Year by Donlen. In addition, ADESA Golden Gate also received recognition from these consignors for their performance in 2013:  • Customer Service Award from LeasePlan USA • Auction Performance Award […] [Read More]

On the same day that fellow domestic automaker Chrysler announced a recall of more than 860,000 SUVs worldwide, the new chief executive officer at General Motors faced a barrage of pointed questions from lawmakers on Capitol Hill for the second day in a row. During a hearing on Wednesday orchestrated by the U.S. Senate Commerce […] [Read More]

Though many automakers and dealers are still struggling to supply their certified pre-owned programs as quality pre-owned vehicles remain hard to find in this tight supply environment, a few European automakers have seen certified sales soar since 2014 got underway. One of these is Volkswagen Canada, which notched an all-time record month in March. VW […] [Read More]

To many, it would seem luxury electric car company Tesla Motors has been fighting an uphill battle against dealer organizations across the country that dissaprove of its direct-to-consumer sales model. But the company is gaining ground, as it was announced this week it has reached a compromise with New York state, through which the company […] [Read More]

As part of an ongoing strategy to reach company milestones, Lithia Motors this week announced yet another store acquisition, along with the opening of a new Chrysler franchise. Acquisitions will push the company toward achieving its goals in the next few years, more so than organic growth, said company president and chief executive officer Bryan […] [Read More]

Notching an all-time high in March, the certified pre-owned market has just completed its best quarter ever, according to Autodata Corp. Releasing monthly and quarterly CPO results Wednesday afternoon, Autodata said there were 206,409 certified sales in March, which was an 8.6-percent year-over-year increase. This capped a record quarter, as 551,707 certified cars were sold […] [Read More]

The latest index results from Fitch Ratings showed both prime and subprime annualized losses inched higher in February as asset performance softened somewhat during the past six months. However, analysts insisted loss rates are still at historically low levels and only marginally off the record low levels recorded in 2012 and 2013. “Fitch expects losses […] [Read More]