Later this month, the National Auto Auction Association will kick off its annual National Auto Auction Week to recognize its members for their contributions to their local community and national economy, and one auction company recently shared its plans for the event. ADESA announced last week that each of its 67 North American auction locations […] [Read More]

It might sound like a broken record, but four of the first five used models researched the most on Kelley Blue Book’s website last month came from either Honda or Toyota. Pacing the consumer activity at KBB.com last month was the Honda Civic, followed by its midsize sibling, the Accord at No. 2. Coming in […] [Read More]

While he also discussed reasons for sagging sales at buy-here, pay-here dealerships and pre-approvals for used-vehicle financing, surges in floor traffic and closing ratios associated with last month’s new-vehicle sales prompted CNW Research president Art Spinella to say, “The final 10 days of July were a wild ride, indeed.” CNW indicated floor traffic — that […] [Read More]

The mid-year Automotive Franchise Activity Report from Urban Science showed that as the number of franchised dealerships has fallen slightly this year, average new-vehicle sales per dealership are up. But the increases are not expected to continue. Auto Remarketing asked John Frith, vice president at Urban Science, why he thinks this year’s throughput levels — […] [Read More]

Brand-by-brand certified pre-owned results for July began pouring in late last week, and the market looks promising so far. With 6,734 CPO sales, Hyundai, for instance, had its best-ever July and the second-strongest month on record for certified, said Jose Froehlich, senior manager of certified pre-owned at Hyundai Motor America. The July sum also represented […] [Read More]

As July’s new-vehicle retail sales figures settled, AutoNation celebrated the retailing of 9 million vehicles in company history by giving a new model to a loyal customer. The company recapped that Nick Gordon, who is 92 years old and lives in Palmetto, Fla., recently came into AutoNation Ford of Bradenton to purchase a new Ford […] [Read More]

Late last week, AutoTrader.com launched a new vehicle commercial inventory listing program for Chevrolet and GMC Business Elite dealers. The site contends the new offering gives dealers the opportunity to “differentiate their commercial truck and van listings on the site and create program awareness with small business owners.” [Read More]

The latest session of Auction Academy was set to a rock ’n’ roll background, as its Managers Group convened in Spokane, Wash., just in time for DAA Northwest’s Rock ’n’ Roll Sale. A continuing education program developed by TPC Management Co., for professionals in the auto auction industry, Auction Academy’s latest class met July 15-17 […] [Read More]

SOUTHFIELD, Mich. — As company executives highlighted how much financing volume moved into its second quarter because of delayed federal income tax refunds, Credit Acceptance Corp. also discussed the impact the Consumer Financial Protection Bureau is having on its business. During a conference call detailing its second-quarter performance, chief executive officer Brett Roberts responded to […] [Read More]

HOUSTON — Ken Shilson, the president of the National Alliance of Buy-Here, Pay-Here Dealers, wants both new and experienced operators to be able to do at least one thing very well, no matter if they sell one vehicle a month or 1,000. The concept of decision making is the theme for NABD's next East Coast […] [Read More]