CRYSTAL LAKE, Ill. — Given what the firm believes is an increased focus on dealerships by the Occupational Safety and Health Administration, Automotive Compliance Consultants recently rolled out more tools for dealer principals and their service managers so proper compliance training is available to their Spanish-speaking employees. According to 2012 Bureau of Labor Statistics information, […] [Read More]

September was a particularly impressive month for the domestic automakers in the certified pre-owned market, as the Big 3 managed to collectively increase their CPO sales output by more than 15 percent year-over-year, according to Autodata Corp. They also grabbed four additional points of market share, with domestic certified sales leaping to just a shade […] [Read More]

Used-car supply remains tight, despite slight loosening over the course of this year. Why, then, do prices seem to be on the way down? In the latest RVI Risk Outlook, officials explained that on top of seasonality, there are a few factors pushing this trend. As used-car prices saw a slight 0.2-percent monthly decrease in […] [Read More]

Edmunds.com has already begun “experimenting” with a used-car iteration of its Price Promise program and plans further expansion in this area next year, along with launching a Lease Promise product at the National Automobile Dealers Association Convention & Expo in January. Edmunds president and chief operating officer Seth Berkowitz was speaking along with Eugene Park, […] [Read More]

Tesla, the Virginia Automobile Dealers Association and the state's Department of Motor Vehicles came to an agreement that essentially will help avoid litigation surrounding the opening of a Tesla dealership in Northern Virginia. After the Virginia DMV denyed Tesla’s request in April to open a dealership in the area, Tesla appealed the ruling in Fairfax […] [Read More]

Hendrick Automotive Group broadened its footprint in the Tar Heel State this week by adding another Honda dealership to its store portfolio. Chairman Rick Hendrick has partnered with Bob Barbour to open Barbour-Hendrick Honda Greenville. The dealership, formerly Bob Barbour Honda, officially opened under the Barbour-Hendrick name this week in Greenville, N.C. “Rick and I […] [Read More]

CARY, N.C. — POADA is hosting 700Credit, a provider of credit reporting and compliance products and services, for a free Market Intelligence Webinar titled, "Compliance Questions Answered." Kenneth Hill, managing director of 700Credit, will be the presenter during the webinar that's set for Wednesday at 2 p.m. ET. Hill noted three elements participants can expect […] [Read More]

IRVINE, Calif. — For dealers who are trying to bring in subprime buyers who are better prepared to make a purchase, CarFinance.com released its 2013 Top Tips for Buying a Car with Less-than-Prime Credit. For buyers with less-than-prime credit, site officials acknowledged the prospect of purchasing a vehicle can fill them with trepidation. "While over […] [Read More]

IRVINE, Calif. — Spireon, the provider of the GoldStar GPS solution as well as other mobile resource management and business intelligence tools, completed an initial phase of the integration with Frazer's Dealer Management System. The companies highlighted that joint customers of GoldStar GPS and Frazer can now experience online access to a single solution to […] [Read More]

IRVINE, Calif. — Earlier this week, Consumer Portfolio Services marked the closing of its third term securitization of the year. The transaction is CPS' 10th senior subordinate securitization since the beginning of 2011. In the transaction, qualified institutional buyers purchased $205 million of asset-backed notes secured by automobile receivables purchased by CPS. The sold notes, […] [Read More]