Honda Canada recently announced it will voluntarily recall select Acura and Honda vehicles for a passenger airbag issue. The company said approximately 11,043 Acura 1.7 EL vehicles and roughly 80,854 Honda Civic vehicles from the 2001–2003 model years; an estimated 6,140 CR-V vehicles from the 2002–2003 model years; and approximately 9,749 Odyssey vehicles from the […] [Read More]

Dealers may be enjoying a downtrend in wholesale prices in the near future, as NADA Used Car Guide says prices in the lanes for used cars and light trucks reached their “annual peak” in March. In the April edition of its Guidelines report, NADA UCG reported that prices for used vehicles up to  eigth years […] [Read More]

Depreciation costs on the average sedan have climbed just modestly this year, according to the latest “Your Driving Costs” study released by AAA, which said this uptick may actually stem from the new-vehicle sales improvements. [Read More]

I’ve long advocated that dealers manage their used vehicles as investments — that their No. 1 goal should be to maximize their return on investment within the shortest amount of time and the least amount of risk. This investment-driven retailing strategy is harder for some dealers to accept (and in some cases, acknowledge) than others. […] [Read More]

What automotive career opportunities are ahead for women? How have dealerships and automakers fared when it comes to female representation in the workface? Auto Remarketing guest contributor and 2013 Women in Remarketing honoree Anne Fleming tackles these issues and more in this column below. The Glass Ceiling – A Historical Context [Read More]

On Tuesday, AutoTrader.com kicked off the first in a series of Interactive Dealer Summits, an educational event designed specifically for dealers with content customized for each market in which it takes place. The first summit was held in Houston, with other events scheduled to take place from coast-to-coast throughout the year. The next is scheduled […] [Read More]

Revenue and retention solutions provider MPi has announced a new product it says can boost inspection accuracy, and generate more profits for dealerships through the service lane. MPi has released EDGE SmartTech, its new WorldClass Solution the company says can enhance technicians’ ability to inspect vehicles by minimizing the possibility of overlooking legitimately needed services. […] [Read More]

NEW YORK — The S&P/Experian Consumer Credit Default Indices showed the first quarter finished flat for auto loans. According to data through March, the auto loan default rate remained flat at 1.11 percent since February. The reading also stayed even with the mark spotted during the same month a year ago. Analysts from S&P Dow […] [Read More]

LAS VEGAS — As NCM Associates made plans for a special open house between the events, the National Alliance of Buy-Here Pay-Here Dealers said inventory is running out for the special block of rooms for the Dealer Academy and National Conference at the Wynn in Las Vegas. NABD founder Ken Shilson said suites for the […] [Read More]

NEW YORK and SAN FRANCISCO — At the same time Chase Auto Finance reported its first-quarter performance, Wells Fargo highlighted that auto originations hit a new record during the past quarter. Wells Fargo officials said their auto originations totaled $6.8 billion in Q1, up 27 percent from prior quarter and up 10 percent from prior […] [Read More]