Toyota is gearing up for the third year of its 100 Cars for Good Program, naming its new finalists late last week. The campaign awards 100 vehicles during the course of 100 days to 100 nonprofit organizations based on votes from the public. This year, 250 new nonprofit organizations have been named finalists in the […] [Read More]

HOUSTON — It won't be long before buy-here, pay-here dealerships begin sales campaigns in hopes of turning metal based on potential buyers' tax refunds to be cashed in early next year. However, Ken Shilson warned of a snag those potential buyers might have already encountered if BHPH stores followed through with paperwork mandated by the […] [Read More]

FARMINGTON HILLS, Mich. — This morning, RouteOne launched FinanceConnect, what the company highlighted as a new digital consumer credit application that can enable dealers to create a compelling and unique online shopping experience to drive sales and financing growth.  "More and more customers are shopping for vehicles online," RouteOne chief executive officer Mike Jurecki said. […] [Read More]

SCOTTSDALE, Ariz. — CNA National, a provider of vehicle service contracts and reinsurance programs, recently formed an alliance with F&I program provider RoadVantage. The companies are joining forces to market a full suite of ancillary products to dealerships nationwide. Officials explained its parent insurance company, CNA, will underwrite RoadVantage's line of F&I products including both […] [Read More]

BENTONVILLE, Ark. — America's Car-Mart opened the 128th dealership in its network of buy-here, pay-here stores last week. Marking the fourth new dealership opening during its 2014 fiscal year, Car-Mart started operations in Meridian, Miss., the fifth location in the state. The company said the Meridian dealership will be managed by Andrew Bentley.     Continue the […] [Read More]

For the certified pre-owned market, it truly might be the best of times. With leasing volumes at a record high,  creating inventory for down the road, Autodata Corp. reported on Thursday that monthly CPO sales surpassed 200,000 units for the first time. Analysts tallied up August’s total and found the figure came in at 200,332 […] [Read More]

Autodata Corp. determined the new-vehicle SAAR in August came in at 16.09 million units, marking the first time it climbed to that level since October 2007. Since a top executive at General Motors insisted the high SAAR level is “here to stay,” Auto Remarketing questioned industry analysts to find out what kind of impact that […] [Read More]

Wholesale prices are expected to decline slightly this week with only one segment expected to see any appreciation. NADA Used Car Guide is predicting auction prices to decrease by 0.3 percent or $50 this week. Though this may seem like a mild decline, only one segment is actually expected to see any appreciation this week, […] [Read More]

An aging car normally goes hand-in-hand with frequent service visits, especially when a driver is hoping to maintain the vehicle for years to come, warding off a new-vehicle purchase. And according to survey results released in August by research firm Polk, the average age of all light vehicles is 11.4 years, with the number of […] [Read More]

NADA University, the education and training arm of the National Automobile Dealers Association, revealed Thursday its new NADA-ATD (American Truck Dealers) Academy director.  Chosen for the position is Allen Phibbs, who began his new duties Aug. 30. Phibbs replaces James Schoonover, who has been promoted to senior director of dealership operations for NADA. Phibbs brings […] [Read More]