DETROIT — Consumers in Detroit and Atlanta will have an opportunity to boost their money smarts this month with the return of Money Smart Week. Ally Financial is hosting 14 financial literacy sessions in Detroit and four sessions in Atlanta to support the Federal Reserve Bank of Chicago's Money Smart Week, which runs through Sunday. […] [Read More]

Potential buyers evidently had an appetite for domestic vehicles based on March data on the most-researched used models at NADAguides.com. Among the Top 15 vehicles highlighted, analysts determined that 10 boasted domestic badges. The March rundown, according to NADA Used Car Guide’s latest installment of Guidelines, is as follows: 1. Ford F-150 2. Chevrolet Silverado […] [Read More]

While two regions were reporting softer used-vehicle sales, the general sales climate for dealers in the U.S. appears to have been quite strong as of late. That’s the latest from the Federal Reserve, which released its Beige Book report this week summarizing economic conditions as reported to the Fed by businesses and other outside contacts […] [Read More]

Joe Eikenberg Sr., a former president of the National Independent Automobile Dealers Association and a past president of U-Save Auto Rental of America, died this week, it was reported.  Details on funeral arrangements were unavailable. Eikenberg, 86, was a national leader in the independent used-vehicle industry in the 1980s and 1990s.  He was named the […] [Read More]

The solid first-quarter gains in same-store used unit sales reported by AutoNation on Thursday and similar results shared by CarMax last week could be a harbinger of additional positive news on the used-car side from other retailers in coming weeks, says Manheim’s Tom Webb. CarMax reported a 6-percent uptick in comparable store used unit sales […] [Read More]

While studies by the National Automobile Dealers Association found principals have “lukewarm support” for major store reconstruction projects requested by automakers, measures currently being debated by New Hampshire legislators could change state law unlike rules in most other locations. Possible modifications to the New Hampshire Dealer Bill of Rights contain several elements, including: —Limits facility […] [Read More]

As Earth Day approaches, and the weather continues to warm as spring gets underway, buyers may be interested in the "greener" cars on your lots. For dealers looking to market to eco-friendly drivers, Kelley Blue Book compiled a list of the 10 Best Green Cars of 2013, chosen by editors of KBB.com. The list includes […] [Read More]

IRVINE, Calif. — Consumer Portfolio Services pointed to the human capital the subprime lender added to ramp up its workforce going into the first quarter as part of the reason for a "good start to the year." This week, CPS reported earnings of $3.8 million or $0.12 per diluted share for its first quarter that […] [Read More]

CARY, N.C. — The next free Market Intelligence Webinar from POADA is focusing on a top-of-mind subject for dealers nowadays: compliance. POADA is hosting 700Credit — a leading provider of credit reporting and compliance products and services — for this free webinar, which is set for Thursday at 2 p.m. EDT. This informational, data-driven webinar […] [Read More]

DAYTON, Ohio — Reynolds and Reynolds on Thursday announced the launch of the LAW Pennsylvania F&I Library, which offers Keystone State dealers a comprehensive catalog of standardized, legally reviewed finance and insurance documents. Officials highlighted the LAW Pennsylvania F&I Library of forms was developed jointly through a partnership between Reynolds Document Services and the Pennsylvania […] [Read More]