Perhaps one of the most attractive things about certified pre-owned cars to customers — and one of the biggest selling points for dealers — is this closeness to the new-car experience that these models can provide. Though CPO vehicles are used, the warranties and confidence they offer customers is similar to when penning a new-car […] [Read More]

In light of the government shutdown, many dealership groups and manufacturers are taking measures to support furloughed federal employees.  Hyundai, for instance, announced it would defer all auto loan and lease payments during the shutdown for current Hyundai owners who are furloughed. And late last week, Sheehy Auto Stores said it will support federal employees […] [Read More]

To recognize and thank customers, October has been declared Dealer Appreciation Month at all 66 of ADESA's North American auctions. Participating auction locations will host a variety of events throughout the month of October to thank dealers for their business, the company said, and customers will find giveaways in the lanes and special sales.  "We […] [Read More]

McLEAN, Va. — Larry Dixon, senior manager of market intelligence at NADA Used Car Guide, recently took a deep look at how much the access to vehicle financing has played a significant part in "helping to grease the skids for the industry's performance." Dixon began by pointing out historically low auto finance rates have kept […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE OVERLAND PARK, Kan. — I ask a different question. Where did all the customers come from that are buying right now? Have all these customers been waiting for financing to come back to life? Did they all just hang on to the same car for five, six, […] [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute highlighted that filings dropped 13 percent through the first three quarters of this year compared to the same time span a year ago. According to data provided by Epiq Systems, total bankruptcy filings came in at 801,783 nationwide during the first nine months of this year, down from […] [Read More]

CRYSTAL LAKE, Ill. — Given what the firm believes is an increased focus on dealerships by the Occupational Safety and Health Administration, Automotive Compliance Consultants recently rolled out more tools for dealer principals and their service managers so proper compliance training is available to their Spanish-speaking employees. According to 2012 Bureau of Labor Statistics information, […] [Read More]

September was a particularly impressive month for the domestic automakers in the certified pre-owned market, as the Big 3 managed to collectively increase their CPO sales output by more than 15 percent year-over-year, according to Autodata Corp. They also grabbed four additional points of market share, with domestic certified sales leaping to just a shade […] [Read More]

Used-car supply remains tight, despite slight loosening over the course of this year. Why, then, do prices seem to be on the way down? In the latest RVI Risk Outlook, officials explained that on top of seasonality, there are a few factors pushing this trend. As used-car prices saw a slight 0.2-percent monthly decrease in […] [Read More]

Edmunds.com has already begun “experimenting” with a used-car iteration of its Price Promise program and plans further expansion in this area next year, along with launching a Lease Promise product at the National Automobile Dealers Association Convention & Expo in January. Edmunds president and chief operating officer Seth Berkowitz was speaking along with Eugene Park, […] [Read More]