After a spring and early summer of falling wholesale prices, NADA Used Car Guide is predicting a shift this week. For the first time in months, wholesale prices are expected to increase slightly this week, as NADA UCG expects prices to grow by 0.2 percent, or $25, relative to the two-week average. Leading the increases […] [Read More]

The leasing segment has continued in its upward trek this year, and an even more fruitful market appears to be on the horizon. A quarter of new-vehicle sales in 2013 have been leases, and at this pace, the market would “smash” the best-ever annual lease penetration rate of 22 percent set a year ago, according […] [Read More]

Richard Cordray is staying as director of the Consumer Financial Protection Bureau, the agency that has been intensifying its regulation of vehicle financing since the spring. The U.S. Senate confirmed Cordray to remain at the position late Tuesday, stirring mostly positive reaction from industry associations as well as lawmakers who wanted the vote taken much […] [Read More]

Ford is being forced to defend itself in a federal class action lawsuit that was filed this week seeking damages related to alleged defects in the MyFord Touch dashboard infotainment systems that are found in Ford, Lincoln and Mercury vehicles. The suit filed in U.S. District Court for the Central District of California by the […] [Read More]

Multi-platform selling has been a hot topic at dealerships and auctions this year, a trend which Liquid Motors responded to with its “multi-launch” wholesale technology, trying to make it easier to list inventory on multiple online marketplaces. Now, the company is responding to  “increased demand” for upstream vehicles from commercial accounts, officials say. In response, […] [Read More]

Faster appraisals on the lot or at the auction mean faster decision making for dealers looking to buy or bid. A new app announced this week by retail performance management software firm FirstLook Systems offers features the company said can help dealers make more effective appraisals.   Called the FirstLook iPhone App, it allows dealers […] [Read More]

Among the Top 15 used models drumming up the most potential buyer interest last month, the top two remained the same from a year ago. After the Ford F-150 and Chevrolet Silverado, the rest of the list featured a mix of domestic and import units, according to NADAguides.com data provided in the latest Guidelines report […] [Read More]

Confirmation of Richard Cordray remaining director of the Consumer Financial Protection Bureau advanced on Tuesday as the U.S. Senate voted in favor of cloture being invoked, meaning debate had to end and a final vote to keep him at the post needed to be completed. As of press time, that vote to confirm Cordray had […] [Read More]

Enterprise Holdings announced Tuesday that it has a new vice president of remarketing sales and operations for the company’s Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands. Named to the position is Nate Lattimer, who succeeds Mike Bystrom. Bystrom has been promoted to a senior executive position within the company. In the […] [Read More]

Ever wonder how many customers are out there “on the fence,” or on the verge of buying from your dealership? According to Paul Potratz, chief operating officer of Potratz Partners Advertising, one of the keys to securing these leads is website chat. In the latest edition of Think Tank Tuesday — Portratz’ weekly video featuring […] [Read More]