IRVINE, Calif. — Much like the housing market, the automotive industry experienced a severe down cycle following the recent economic crisis. Starting in 2011, however, our industry has taken tremendous steps toward recovery. Auto sales are on the rise, along with the number of credit-challenged customers looking to finance vehicle purchases, especially pre-owned vehicles. In […] [Read More]

SAN DIEGO — The moment is finally about to arrive. The newest addition to Used Car Week starts on Tuesday as the SubPrime Forum begins with a day filled with the latest trends and industry dialogue about vehicle financing to customers with softer credit histories. Then coming on the heels of the SubPrime Forum is […] [Read More]

NASHVILLE, Tenn. —  Primeritus Financial Services held its first-ever Agent Partner Event for its national agency partners on Oct. 24-25 in Nashville, Tenn., home to the company's corporate offices. More than 100 agents joined the Primeritus management team and staff for a tour of the new offices, reception and dinner, followed the next day by […] [Read More]

CARY, N.C. and WESTERVILLE, Ohio — CarMark Certified, a warranty program that provides CPO warranties to all vehicle brands, based in Cary, N.C., will be administered nationally by NAC (National Auto Care) of Westerville, Ohio, beginning Jan. 1. The partnership was announced today jointly by the two companies. The CarMark Certified brand is owned by […] [Read More]

Jerry Durant, Jerry’s Chevrolet, Weatherford, Texas “We started in 1970 with a Chevrolet dealership located on six acres,” nominee Durant said. “We now have seven brands and more than 60 acres.” But the expansion did not come easy. “At the time we were in the middle of building new buildings and renovating old facilities, the […] [Read More]

Brad Deery, Deery Brothers, West Burlington, Iowa “I have been very fortunate throughout my 28 years in the automobile industry to gain the ability and privilege to provide support to a wide variety of deserving people, schools, religious groups, civic organizations, clubs and teams in several ways,” nominee Deery said. “Whether the assistance is monetary […] [Read More]

Larry Clark, Larry Clark Chevrolet Buick GMC Cadillac, Amory, Miss. “Most dealers want stores in metro areas and I understand that,” nominee Clark said. “But I enjoy being in a smaller market and knowing the customers on a first-name basis.” And that connection to the local community started when Clark, a 1973 graduate of West […] [Read More]

In the first installment of our Digital Intelligence series, we talked about the prevalence of mobile devices in the car-shopping process. This time around, we’re going to take a look at other devices consumers are using and how these technologies are intertwined during the research and purchase processes. Citing data from Polk, AutoTrader.com indicated in […] [Read More]

Manheim chief economist Tom Webb cut through technical jargon analysts sometimes use and explained why the fundamentals for October’s wholesale price decline are “shouting.” Webb indicated wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) dropped in October after increasing in each of the previous four months. The development left the Manheim […] [Read More]

Earlier this week, ALG announced an upgraded and re-launched metric for comparing vehicle brand values and determining how they affect residuals. ALG Brand Pricing Score is designed to shed light on brand differences and the elements that impact brand value, be they negative or positive. The mainstream brand with the best Brand Pricing Score on […] [Read More]