Next year could be the new-car market’s best since 2006, with the latest projections from Edmunds.com calling for 16.4 million sales — not to mention, an expected 300,000 additional lease returns that should account for roughly a third of the overall sales growth. “The average age of all light vehicles on the road climbed to […] [Read More]

It seems seasonality that normally pushes higher price declines in the lanes  had not come into play this past month. According to Black Book date, used vehicles from model years 2008-2012 depreciated an average of 1.3 percent in September, making no change from August’s rate of decline.   [Read More]

The board of directors for the National Automobile Dealers Association has elected the NADA chairman for 2014. Chosen for the post during an election at NADA’s board meeting in Santa Barbara, Calif., was Forrest McConnell III, owner of McConnell Honda/Acura in Montgomery, Ala. McConnell represents Alabama’s new-car dealers on NADA’s board and will become the […] [Read More]

Faster VIN scanning and valuations are the name of the game for a new product launched by DealersLink. Announced this week is the company’s newest release of the FastBook Mobile VIN Scanner App and cloud-based booking tool for auto dealers. Using FastScan technology, the company says FastBook Mobile scans vehicle VIN barcodes and QR codes […] [Read More]

Consumer reviews of auto dealerships are now being used to rate auto manufacturer’s customer service, in a new report announced by DealerRater this week.   DealerRater introduced the Consumer Rating Index Report, which the company says recognizes auto manufacturers for top-rated customer service, as expressed through consumer reviews of dealerships posted on DealerRater’s website. The […] [Read More]

KENNESAW, Ga. — Errors in the F&I office can infuriate both managers and customers. Volkswagen Credit is looking to a new solution more than four years in the making to reduce mistake frequency and streamline processes for efficiency and compliance. In addition to celebrating 1 million customer accounts currently in its portfolio, VCI officially launched […] [Read More]

SAN DIEGO — The inaugural SubPrime Forum will give Used Car Week attendees a host of expert analysis to answer a wide array of financing questions. Here's an example: Do you have the right kind of inventory to put a subprime buyer into a deal that will be bought by a lender? To ensure dealers […] [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services recently announced that EverLogic, a provider of dealer management software, will integrate the company's AppOne platform. Officials highlighted the integration is designed to help dealerships of all types and sizes manage the sales and F&I process more efficiently. AppOne can helps to automate the indirect lending, credit approval and […] [Read More]

BENTONVILLE, Ark. — America's Car-Mart continued its aggressive growth strategy by adding another dealership to its buy-here, pay-here network last week. The 129th dealership in its network is located in Richmond, Ky., raising Car-Mart's presence in the Blue Grass State to 11 stores. The lot marks the fifth new dealership opening so far during Car-Mart's […] [Read More]

A new website has launched that allows dealers and used-car shoppers to perform VIN checks on cars and pull motor vehicle reports through their PC or tablet devices. VINCheckPro is an online service available to dealers and the general public, and it has developed a process designed to allow quick, accurate and discreet vehicle record […] [Read More]