When recapping reports from contacts detailing used-car activity in their respective regions, the Federal Reserve’s latest Beige Book described the used-sales market in the latest reporting period as “mixed.” Starting off with insight from the Second District (New York), the report summed up used sales as “soft,” but did offer some silver linings, one of […] [Read More]

DamageMAX, a buyer of damaged vehicles, recently completed a comprehensive analysis on the impact of salvage title brands on repaired and damaged vehicles, arriving at three important findings and four proposed recommendations. For the study, the company reviewed more than 5 million wholesale vehicle transactions through June of this year to identify trends in value […] [Read More]

For promoting healthy lifestyles among its employees and communities, Manheim has been presented the Corporate Wellness Award by the HeartBright Foundation, a Charlotte, N.C.-based organization that provides healthy lifestyle education for the community, and funds cardiology programs in economically disadvantaged communities. “Manheim is a leader in offering health and wellness programs to its employees,” said […] [Read More]

Late Thursday evening, ALG honored the brands that ranked the highest for perception of value in Canada with Mercedes-Benz topping the list. But the annual awards have a different face this year. ALG has upgraded and re-launched the metric for automakers to compare the perceived quality of its brand and the effect on residual values. […] [Read More]

Dealers are already finding it challenging to reach the Millennial generation because of these potential buyers’ demands for online interaction and increased transparency. Now a study arrived this week showing how these Americans ages 16 to 34 are leading the way in a significant decline in driving altogether, especially in urban areas. The report titled, […] [Read More]

It wasn’t just the best-ever November for certified pre-owned sales. Last month’s CPO total means the market has officially hit its third straight year of record annual sales, as Autodata Corp. pinpointed the year-to-date sum at 1.94 million units through 11 months of 2013. Autodata also provided a brand-by-brand look at CPO sales for November, […] [Read More]

On Thursday, Experian revealed its choice for a new group president of vertical markets, an area that includes the auto side of the company’s business in North America. Chosen for the position is Jennifer Schulz. In her new position, Schulz will be in charge of the company’s vertical markets group, which also include the public […] [Read More]

A team member from an award-winning dealership in Virginia is the latest Dealer of the Month, as declared this week by Autobytel. The company’s Dealer Awards Program honors exceptional Autobytel dealers who employ the highest standards in customer service and Internet automotive retail sales, and lead management processes, officials said. Named the Autobytel Dealer of […] [Read More]

Of course, December brings the holiday shopping season with it, but Paul Potratz of Potratz Partners Advertising contends it brings something else, as well: “the most sales opportunity for your dealership.” In today’s webinar, scheduled for 2:04 EST, Potratz and Jamie Welch, senior business development manager at marketing company PERQ, will address what they contend […] [Read More]

The results of Scotiabank’s Global Auto Report that were released today show auto industry profit margins have spiked to 10-year highs, reaching above pre-recession levels, with the highest profitability showing up in North America. The report indicates that the five largest manufacturers are achieving net income levels of more than $50 billion. Commenting on the […] [Read More]