A quick ride in a 2005 Ford Crown Victoria for golfer Rory McIlroy may have saved the 2012 Ryder Cup for the European team over the Americans, and now that car is hitting the wholesale market. Later this month, America’s Auto Auction Chicago is auctioning off the unmarked police car — which is being retired […] [Read More]

Positive customer service reviews could earn auto dealerships an award, as DealerRater announces the launch of its 2013 Dealer of the Year Award Program. This annual program recognizes a select group of dealerships in the U.S. and Canada for outstanding customer satisfaction, as expressed through consumer-posted reviews on DealerRater’s website during the 2012 calendar year. […] [Read More]

The National Automobile Dealers Association named a new president Tuesday evening, appointing California New Car Dealers Association president and chief executive officer Peter Welch to the role. The NADA Board of Directors held a special meeting Tuesday in Dallas, where they unanimously approved Welch as president. He was selected after a nationwide search and will […] [Read More]

As Jack Anderson puts it, a dealer today can’t just be good at one thing. With slimmer profit margins throughout the dealership, each department has to be humming along for the store to find success. “The margins in an automobile dealership in any area have lessened over the years,” said Anderson, the used-vehicle director at […] [Read More]

The housing market continues to see improvements from the recession slump, and this trend may be affecting the automotive industry, as well. With more homes being built, it seems demand is also on the rise for some vehicles often used in construction projects. According to Black Book, a review of December used-car and wholesale auto […] [Read More]

It’s a new year, but seemingly the same story for wholesale used-vehicle prices: Analysts predict that about 240,000 to 400,000 more off-lease vehicles will re-enter the market in 2013 than in 2012, causing wholesale prices to soften, possibly down 1 to 2 percent on a year-over-year basis. With prices set to drop, dealers this year […] [Read More]

A company that says female customers account for more than 80 percent of all automotive purchase decisions in North America this week announced a significant expansion of its product offerings to help auto retailers connect with this important market. . On Tuesday, AskPatty.com said it is growing the ways its network of Certified Female Friendly […] [Read More]

The Federal Trade Commission recently completed its systematic review of the Cooling-Off Rule and determined that no changes to the rule are warranted that would have impacted dealers. In making this determination, the National Automobile Dealers Association indicated the FTC rejected several proposed changes to the rule that would have affected dealers, including a proposal […] [Read More]

PureCars said Tuesday afternoon it has generated $5 million in new equity capital from Gemini Investors and Stage 1 Ventures that can help the company bolster its offering for dealerships. The auto technology company aims to work with dealerships of all sizes to “optimize returns on digital marketing and increase sales.” It debuted in 2007 […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE WASHINGTON, D.C. — As the Federal Reserve determined the average interest rates on new-vehicle loans from commercial banks ticked to the lowest point in recent memory, the American Bankers Association's latest Consumer Credit Delinquency Bulletin showed how these deals are turning negative at a slightly faster clip. […] [Read More]