The average franchised dealer began 2013 with a monthly used-car department sales figure just shy of $1 million, according to the latest NADA Dealership Financial Profile. Specifically, the used-car department of a franchised store, on average, pulled in sales of $991,916 during January. This marked a 5.4-percent hike from January 2012, according to the data. […] [Read More]

In its latest offering of strategy recommendations for all types of dealers, ADESA used its blog to share four ways managers can add value to their stores. ADESA’s Carol Sewell indicated on the company’s blog, Overdrive, that dealers are willing to try seemingly every marketing strategy imaginable — from giant banners and inflatables dominating the […] [Read More]

Thanks to a deal announced Tuesday, Kia dealers now have another selling point to offer used-car customers. Now, whenever a shopper buys a satellite radio-equipped pre-owned vehicle of any brand from a participating Kia dealer, he or she gets a three-month subscription to SiriusXM. These Kia dealers join more 9,000 dealers already signed on to […] [Read More]

Celebrating 10 years in business and tens of thousands of vehicles sold, Georgia-Carolina Auto Auction will celebrate this week with sales today and Friday at the company’s public auction facility in Commerce, Ga. GCAA has served as a dealer and public auction since 2003. The company announced its anniversary and related sales on Tuesday, and […] [Read More]

Auto Financial Group, an online provider of residual-based financing products for dealers and lenders since 1999, announced Tuesday that it has enhanced its balloon loan program with a new feature called the Dealer Inventory Download (DID). Officials explained DID can provide lenders and dealers a comprehensive and more efficient way to utilize the company’s residual-based […] [Read More]

Barrett-Jackson announced Tuesday that it generated more than $21 million in gross sales of rare, high-end collectible vehicles, exotics, customs, classics, hot rods and resto-mods during its 11th annual Palm Beach auction this past week at the South Florida Fairgrounds. Despite severe thunderstorms, auction officials highlighted that more than 55,000 fans were in attendance to […] [Read More]

SOUTHFIELD, Mich. — As the lender announced an extension of its revolving secured warehouse facility, Credit Acceptance reported that its unit volume softened in the first quarter despite a 21.2-percent jump in the number of active dealers. The company indicated that its first-quarter unit volume dipped by 2.9 percent year-over-year. The volume figure softened because […] [Read More]

HOUSTON — Auto Financial Group, an online provider of residual-based financing products for dealers and lenders since 1999, announced Tuesday that it has enhanced its balloon loan program with a new feature called the Dealer Inventory Download (DID). Officials explained DID can provide lenders and dealers a comprehensive and more efficient way to utilize the […] [Read More]

OVERLAND PARK, Kan. — One of NCM Associates' trainers who specializes in the buy-here, pay-here market is going to host a 60-minute webinar explaining the different business models for the dealership and its related service operation.  During a session that's set for noon ET on Thursday, Gene Daughtry — NCM's BHPH/LHPH 20 Group moderator, trainer, […] [Read More]

ST. PAUL, Minn. — Securian Financial Group recently introduced major auto expense and auto insurance deductible debt protection benefits as value add-ons for new and existing debt protection programs offered by financial institutions. The company explained the major auto expense benefit cancels one loan payment up to $500 when a borrower has a major auto […] [Read More]