Though overall auction values remain relatively flat, showing small decreases here and there, increasing inventory and new models hitting the market are making waves, says Black Book’s Ricky Beggs. In fact, two segments last week saw price shifts for 50 percent or more of the vehicles within their categories. The midsize pickup segment saw 64 […] [Read More]

On Monday, Kelley Blue Book shared the rankings of the used cars that commanded the most attention on KBB.com during June. Which model was No. 1? It was a familiar leader, the Honda Civic, which once again was the most-researched used vehicle on the site. The Civic was followed by a fellow Honda model in […] [Read More]

Santander Consumer USA is going public. According to documents filed with the Securities and Exchange Commission last week, Santander Consumer USA intends to use the net proceeds received through the $50 million initial public offering for general corporate purposes. [Read More]

The 2010 Patient Protection and Affordable Care Act will continue to impact the costs and procedures associated with delivering health insurance. For dealers, rising costs and government mandates may prove hard to follow. In light of these changes, AIADA and Northwestern Mutual will hold a free webinar titled, “Healthcare Reform and Its Impact: Planning Strategies […] [Read More]

Auto Auction Services Corp. announced a proposal late last week for its online Multi-Listing Platform that it believes will help tackle a “major business issue” for consignors and auctions: the need for an online tool that allows for simultaneous listings on multiple online auctions. [Read More]

Increasing your online footprint, welcoming shoppers to your dealership homepage, and enhancing vehicle listings are just a few ways dealers can use video footage today. But just how important is using video as a digital marketing tool to pre-owned dealerships? Shane Hambly, sales director at Canada-based e-dealer, says, “If you’re not already in the video […] [Read More]

A new partnership for Chrysler brand will help the company to meet both the physical and educational needs of children in metro Detroit.  From mid-July through September, Chrysler brand announced it will partner with United Way for Southeastern Michigan and Michigan No Kid Hungry to distribute 148,500 Scholastic children’s books. The books will be distributed […] [Read More]

Dealers racked up the third-best-ever sales month for certified pre-owned vehicles as the industry enjoyed a June that included the best new-vehicle seasonally adjusted annual rate since November 2007 and used-vehicle sales above initial projections. Autodata Corp. tallied up last month’s CPO sales during the Fourth of July holiday weekend and found they came in […] [Read More]

How strong is subprime? Experian Automotive shed a bit of light on this in a recent analysis detailing just how much momentum the subprime finance sector gained during the first quarter. According to its State of the Automotive Finance Market report, Experian found that the market share for finance companies — lenders such as Santander […] [Read More]

As sales of new and used vehicles continue to gain steam, so is the momentum for franchised dealerships bringing on more workers. Employment figures moved higher for the third year in a row, according to the annual report from the National Automobile Dealers Association In 2012, the average dealership in operation employed 55 people and […] [Read More]