For the 15th straight quarter, the nation’s seven publicly traded dealership groups saw their same-store used-vehicle retail unit volumes increase, according to the latest blog entry from Manheim Consulting’s Tom Webb. And this, Webb said, together with more operational efficiency, more quickly turning inventory and hearty income in the F&I office, helped push record profits. […] [Read More]

Dealertrack Technologies chairman and chief executive officer Mark O’Neil emphasized that the more governmental regulations dealers face, the more valuable the company’s suite of solutions are. Along with highlighting store appeal for its inventory management system and more, O’Neil explained the lengths Dealertrack is going to create a tool dealers can depend on as more […] [Read More]

In light of what analysts believe to be younger, less-brand-loyal consumers, Jumpstart Automotive Group discovered the Big Three scored big with online shoppers during the first quarter. Jumpstart’s quarterly report highlighted the vehicle segments, makes, and models that captured the largest share of online auto shoppers during Q1, assessing traffic figures from the company’s 12 […] [Read More]

While the two vehicles topping the list of 15 most-researched used vehicles on NADAguides.com during April may not come as much of a shock, the third-ranked vehicle apparently made quite a surge last month. After the usual suspects — the Ford F-150 in first and the Chevrolet Silverado 1500 in second — placing No. 3 […] [Read More]

AskPatty.com, an online resource for female car-buyers, revealed last week that it will be partnering with the National Multiple Sclerosis  Society and running a month-long campaign to “raise funds and awareness” for the disease. This is an illness that has affected AskPatty chief executive officer Jody DeVere’s family on a personal level. DeVere’s two adult […] [Read More]

In an interesting social media and marketing effort, Honda announce last week it is sponsoring a few of the big-name music festivals this year and offering attendees ways to connect through social media channels and contents throughout the season. Honda will have major sponsorships at three music festivals this summers: Sasquatch! (May 24–27) at the […] [Read More]

WASHINGTON, D.C. — The American Financial Services Association's state government affairs committee recently published a white paper on foreign language requirements for consumer contracts. The paper highlights three states — California, Nevada and New Mexico — that have gone farther than the U.S. Civil Rights Act of 1964 by proposing or enacting legislation or regulations […] [Read More]

IRVING, Texas — Specialty auto finance company Exeter Finance Corp., announced the completion of its third rated term securitization late last week, issuing $400 million in notes backed by subprime automobile installment receivables. The company explained the notes were purchased by qualified institutional buyers and accredited investors in a private placement offering pursuant to Rule […] [Read More]

LAKE SUCCESS, N.Y. — Dealertrack Technologies chairman and chief executive officer Mark O'Neil emphasized that the more governmental regulations dealers face, the more valuable the company's suite of solutions are. Along with highlighting store appeal for its inventory management system and more, O'Neil explained the lengths Dealertrack is going to create a tool dealers can […] [Read More]

HANOVER Md. — Hudson Cook recently brought in its third new partner so far this year, as the new addition is set to establish the firm's new office in West Chester, Pa. Joining the provider of legal compliance services for the financial services industry is Jed Mayk. Hudson Cook said Mayk's practice will focus on […] [Read More]