NADA University extended the deadline to participate in the 2013 Dealership Workforce Study for a second time to accommodate many requests from dealer members. Now stores have until June 30 to participate. Officials from the National Automobile Dealers Association and American Truck Dealers reiterated this project is only study that compares a dealership’s compensation and […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 FORT WORTH, Texas — General Motors Financial reinforced its allegiance to its parent automaker with moves revealed during its latest quarterly conference call. While acknowledging that competition is ramping up within its subprime used-vehicle financing business, GM Financial is making plans to roll out a prime […] [Read More]

LAS VEGAS — The buy-here, pay-here dealership industry continues to be a market segment eyed by U.S. Department of Justice investigators. Just last week, various online reports mentioned a high-ranking Justice Department official discussing BHPH dealers during regulatory panel discussion at George Mason University. And the Attorney General's 2011 annual report to Congress pursuant to […] [Read More]

DAYTON, Ohio — Similar to a relationship reinforced in Pennsylvania, Reynolds and Reynolds expanded its strategic alliance with the California New Car Dealers Association today. Officials added the Reynolds LAW 553 Universal Retail Sale Contract to the LAW California F&I Library. They highlighted the Reynolds LAW 553 is one of the most widely accepted document […] [Read More]

LAKE SUCCESS, N.Y. — Dealertrack Technologies recently hit a new milestone with the number of active lenders connected to its Dealertrack Credit Application Network. Officials indicated the level now exceeds 1,300 lenders. The Dealertrack Credit Application Network, which has grown from five lenders in 2001 to more than 1,300 lenders today, can allow dealers to […] [Read More]

As weather warmed, buyer interest for used vehicles on KBB.com focused in on Japanese automakers, with Honda and Toyota making up four of the top five most researched pre-owned vehicles on the site. Taking the No. 1 spot was the popular Honda Civic, followed by the Honda Accord and Toyota Camry, respectively. In the No. […] [Read More]

With just a couple days of May gone by, it’s already looking like April was another whale of a month for certified pre-owned sales. Several brands have reported monthly CPO figures to Auto Remarketing, with a few hitting records. For instance, Volkswagen had its strongest April ever, selling 8,237 CPO units for a 10.3-percent upswing. […] [Read More]

More than six months after Superstorm Sandy hit, KAR Auction Services chief executive officer Jim Hallett said the company is closer to purging its system and balance sheet of thousands of damaged vehicles. During Thursday’s conference call with investment analysts, Hallett reiterated what the company reported in its first-quarter financial statement — the backlog of […] [Read More]

Car-buying season: May through September. What will it bring for used dealers? On Thursday, Carfax reported that it is expecting 22.1 million used-car sales over the next few months. Interestingly, the company explained that history shows that more than half of all used cars sold this year will be bought in the next five months. [Read More]

In the first quarter, Group 1 Automotive pushed its consolidated used-vehicle retail revenue up by a double-digit percentage as retail used unit sales climbed 12 percent. The retailer released first-quarter financial results on Thursday; within its consolidated results (which include the U.S and international operations), used retail revenue came in at $471.4 million, a 13.6-percent […] [Read More]