It’s fitting that New Orleans — a city as tough, determined and resilient as the auto industry — will host the 2014 NADA Convention & Expo in January. Just like the city, the auto industry has endured its own share of crises and comebacks. We have been through many challenges over the past few years, […] [Read More]

As the amount of nonprime, subprime and deep subprime auto loans moved higher year-over-year, Experian Automotive discovered that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since analysts began tracking the data seven years ago. According to its latest State of the Automotive Finance Market report, Experian found that 0.36 percent […] [Read More]

While the auto industry is one of the world’s biggest advertisers, dealerships’ online advertising effectiveness dramatically lags most other industries. When digital marketing experts look at the automotive industry, they ask why dealerships are stuck in the 1990s. What makes our industry look so behind in online advertising? Dealers are stuck in the newspaper era. […] [Read More]

Though luxury vehicles continue to be the hardest used models to find, a few SUVs stood out in July — proving elusive for dealers looking to satisfy summer family road trippers and customers in the market for a roomier vehicle.  According to the latest installment of vehicle scarcity data that is provided monthly to Auto […] [Read More]

As we get closer to the new 2014 models are hitting the market and the average age of vehicles on the road continues to rise, Black Book’s Ricky Beggs said age is becoming a factor impacting change in the wholesale market. With the new model year on the horizon, dealers and buyers are seeing more […] [Read More]

There will likely be at least a quarter million new-car intenders this year who decide at the 11th hour not to buy, according to estimates from CNW Research, which studied the reasons these shoppers choose this path. What the firm found is that the proportion that goes for a used car instead is down marginally […] [Read More]

It’s 30 brands and counting for Hendrick Automotive Group, as it broke ground Monday on a new North Carolina dealership.   Audi Northlake, set to open in spring 2014, will become the newest addition to the Hendrick Luxury Auto Mall at Northlake, located in North Charlotte, N.C., and its first Audi dealership.   “Audi is […] [Read More]

Along with data about how many used-vehicle contracts written at franchised dealerships are bringing in some negative equity, Edmunds.com shed light on term length, APR and more about second-quarter used-vehicle sales at franchised stores. Edmunds determined the average APR in the second quarter came in at 8.2 percent, down slightly from the previous quarter when […] [Read More]

Increased connectivity for buyers is among the goals of the optimized IAA Buyer App for iPad, announced on Monday by Insurance Auto Auctions. The IAA Buyer App for the iPad will allow buyers increased connectivity and an easier interface, the company said, to create a more convenient and efficient buying experience. “IAA continues to invest […] [Read More]

J.D. Byrider announced a promotion on Monday, naming Jack Humbert to the position of vice president of franchise sales. The company called Humbert a “point man for franchised recruitment and multi-unit franchisee development.” Humbert has been with J.D. Byrider for three years, and helped in development as a senior franchise consultant and director of franchise […] [Read More]