On Monday, the Michigan Wolverines and Kansas Jayhawks became the latest in a revolving door of teams taking the No. 1 spots in the NCAA men's college basketball rankings this season. But consistency seems to be the name of the game in the used-car market. The Honda Accord has continued its reign as the used […] [Read More]

Though 2013 may have started out slow in the lanes, Rick Beggs of Black Book says “the tide may have started to turn.” After experiencing strength in the middle of November — due in part to demand created by Hurricane Sandy — auction activity “took a slight step back” during the first couple of weeks […] [Read More]

The Federal Trade Commission’s Southwest Region Office recently warned 11 dealerships in Jonesboro, Ark., that their sales practices violate the FTC’s Used Car Rule, which requires dealers to display a “Buyers Guide” detailing warranty and other important information on the vehicles they sell.    Officials recapped that FTC staff inspections in Jonesboro allege that eight dealers […] [Read More]

Looking to the service lane for sales leads may not be a new idea in the dealership world, but two companies have joined forces to offer a new way to automate the process. MPi and TEGA Technologies on Monday announced their partnership and the introduction of Service Turn, which they say is an automated way […] [Read More]

In a push to help automakers influence buyers at what KBB.com is calling a “crucial point,” the site revealed its new ad program: Accelerator.  The new offering provides an ad package that includes a one-week exclusive advertising placement on Kelley Blue Book's KBB.com home page, which the company shared sees more than 14 million monthly […] [Read More]

El Paso Independent Auto Auction's staff is preparing to celebrate its upcoming anniversary with customers on Feb. 5 and Feb. 6. Management highlighted the two-day event at the ServNet operation begins with a private party at Rosa’s Cantina — a local landmark made famous by Marty Robbins’ 1960 hit song. Dealers and their guests will […] [Read More]

The Auto Auction Services Corp. has announced a memorial service next month for the company’s late president and chief executive officer Don Meadows. The event in honor of Meadows is scheduled for Feb. 28 in Atlanta and will be held from 11 a.m. (EST) to 2 p.m. at the Westin Atlanta Perimeter North. This hotel […] [Read More]

Auto Remarketing has learned that Mercedes-Benz USA has a new manager of pre-owned operations. Scott Penza, who held the role previously, has moved over to work on sales incentives in finance at MBUSA. Now managing pre-owned for the company is Rob Zilinski, who has been with Mercedes-Benz for 16 years. Zilinski spent 10 of those […] [Read More]

Industry experts report that used prices remain stagnant for both independent and franchised dealers, with prices dropping to rates quite a bit lower than seen in 2012. CNW Research president Art Spinella said used-vehicle prices remain stagnant on both a retail and wholesale level. So far this month, prices are down 2.73 percent for franchised […] [Read More]

Three of the next four nominees for the TIME Dealer of the Year Award all spent several years serving with the U.S. Marine Corps. In the next group of profiles, these store executives all share what’s important to them — in and out of the showroom. The awards program, which is produced in cooperation with […] [Read More]