For the third time, a former racing duo has teamed up to open an auto dealership in Tennessee. Late last week, Hendrick Automotive Group officials announced that the company will manage the new Darrell Waltrip Buick GMC in Franklin, Tenn., the third dealership the duo has opened in this Nashville suburb. Joining Chairman Rick Hendrick […] [Read More]

In its January/February Industry Report, ALG took an in-depth look at three premium sports cars to see how their residual values stack up against fellow models in their respective segments and within their own brands. Starting with the 2014 Chevrolet Corvette Stingray, its 36-month residual value is at 57 percent. This is 6 percentage points […] [Read More]

A colleague passed along a 2013 year-end report from the United Kingdom-based dealer IT research firm Woods and Seaton. The report details some of the high-profile acquisitions that occurred in the past year as DMS and specialty vendors vie to provide dealers here and abroad with integrated solutions to increase efficiencies and profitability in their […] [Read More]

Pickups enjoyed strong price retention throughout 2013, spurred by high demand and low supply. And it seems consumer interest isn’t waning.   According to the latest Automotive Shopper Intensity report from Dataium, there was a large increase in in online auto shopping activity towards full-sized trucks last month. But not just any trucks; those “capable […] [Read More]

The industry recently closed out the fifth straight year of used-vehicle growth (0.4 percent year-over-year), according to NADA Used Car Guide’s latest Guidelines report. And the year’s closing prices constituted an 18-percent hike when compared to pre-recession values in 2007. Which models saw the biggest price jumps last year? Supported by what NADA UCG’s Jonathan […] [Read More]

Though used supply may finally be loosening, it didn’t expand enough to push used prices down in 2013. According to NADA’s latest Guidelines report, December closed out the fifth straight year of used-vehicle price growth. More specifically, 2013 ended with prices of units up to 8 years in age 0.4 percent higher than they were […] [Read More]

Late last week, ADESA and Volvo Cars of North America announced the launch of a new site that will make finding used inventory a bit easier for franchised Volvo dealers. The new lease portfolio management and vehicle purchase website, the Volvo 360 Private Store, is a dedicated auction platform for Volvo dealers. ADESA explained it […] [Read More]

The industry recently closed out the fifth straight year of used-vehicle growth (0.4 percent year-over-year), according to NADA Used Car Guide’s latest Guidelines report. And the year’s closing prices constituted an 18-percent hike when compared to pre-recession values in 2007. Which models saw the biggest price jumps last year? Supported by what NADA UCG’s Jonathan […] [Read More]

As the south braces for another winter storm, adding the recent severe cold and icy conditions in much of the U.S., related car repairs may provide a much needed boost to auto repair shops’ slowing growth. According to Sageworks, a financial information company, privately held auto repair and maintenance shops continue to see sluggish growth […] [Read More]

Open Dealer Exchange, the joint venture of ADP Dealer Services and Reynolds and Reynolds, has attempted to streamline the vehicle-buying process with Digital Deal, which includes electronic methods geared to standardize the industry and assist lenders in adhering to Consumer Financial Protection Bureau regulations. ODE officials highlighted Digital Deal can provide an extensive level of […] [Read More]