ARI has expanded its presence in Europe with Monday morning’s announcement that it has purchased HPI Fleet and its European business entities. It is projected the deal will close this month. Once that happens, HPI Fleet will operate as ARI. ARI recently expanded into the U.K. and Germany, and with this deal, it has broadened […] [Read More]

Auto Remarketing officially announced its 2013 CPO Dealer of the Year presented by NCM Associates this morning, and taking home the fourth annual award will be Galpin Ford. The North Hills, Calif. dealership has been the automaker’s top-selling certified pre-owned dealer for more than a decade, and is led by award-winning owner Bert Boeckmann. His […] [Read More]

LotPop, which is designed to provide offsite contract management of a dealership’s virtual or Internet processes to help small-to-medium-sized dealerships compete like mega-dealers, made its formal market launch last week by a former vAuto executive. LotPop already services more than 20 dealerships in Utah, Kansas, Indiana, Kentucky and Louisiana. LotPop was developed by Jasen Rice, […] [Read More]

After looking at more than 20 million used cars for sale over the past year at dealerships throughout the country and weighing the prices of franchised dealers against those of independents,  iSeeCars suggests their respective deals aren’t that different. All told, the prices at what iSeeCars referred to as new-car dealers (i.e. franchised lots) were […] [Read More]

Officials from eimports4Less Auto Sales —  an online seller of pre-owned luxury models and a eBay Top 10 worldwide seller — recently launched a new website that also can be accessed by both dealers and consumers. The new site — 247Deposit.com — is geared to give access of entire inventory to the mass public 24 […] [Read More]

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]