Here’s more proof of how red hot the certified pre-owned market is: Edmunds.com indicated 21 percent of all used-vehicle sales by franchised dealers during the first quarter involved a CPO model — the highest rate ever. All told, Edmunds.com analysts found CPO sales so far this year are 6.2 percent higher than the same span […] [Read More]

FordDirect revealed Tuesday the addition of two new tools for dealers, provided by Black Book Online. Now, on all DealerConnection websites, a trade-in appraisal tool and credit extimator will be available for consumer use. And any leads generated from the online appraisal and credit estimator forms will be sent directly to the dealer's lead management […] [Read More]

Earlier this week, Cox enterprises announced the completion of two solar projects at its Manheim and Cox Communications subsidiaries.   One of the solar projects was launched at Manheim New England, located in North Dighton, Mass. The project included solar installation, wetlands preservation efforts and an educational trail at the auto auction. The Manheim New […] [Read More]

Last Friday, Charleston Auto Auction held a promotional sale that featured more than 1,100 vehicles and 600 dealers, one of which was the lucky “Late Bird” winner. This week, Trae Hodson with Fanellis Auto was the lucky winner of $10,000. At the conclusion of every sale, Charleston AA  holds a “$10,000 Late Bird Drawing,” at […] [Read More]

South Bend Mishawaka Auto Auction earlier this week joined the network of more than 70 independent auctions that are a part of AuctionPipeline. In addition to listing premium late-model inventory, South Bend Mishawaka AA highlighted that it will be offering vehicles online with the EDGE Simulcast product from Auction Edge. “Through the years, we have […] [Read More]

This week, the Louisiana Automobile Dealers Association selected NADART as its preferred retirement plan administrator. Officials explained NADART — the retirement plan and benefits division of the National Automobile Dealers Association — and LADA will work together to deliver a selection of investment and employee benefits options specifically targeted to dealer businesses and their employees. […] [Read More]

Mobile management of dealers’ work orders, invoices and inventory could get easier with a new tool released by Socket Mobile. The mobile productivity solution firm on Tuesday announced the availability of Apple-certified, laser-based versions of its Socket Bluetooth Cordless Hand Scanner, a wireless barcode scanner for smartphones and tablets. The company said the new scanners […] [Read More]

SANTA MONICA, Calif. — Nearly half of the markets represented among the Top 10 for the highest monthly auto loan payment for a new model in April are located in the same state, according to Edmunds.com. And popular vehicles sold in those areas appear to be pickups. "It's no secret that April was a good […] [Read More]

SCHAUMBURG, Ill. — Loans to deep subprime buyers jumped in the first quarter. So did 30-day and 60-day delinquencies as well as repossessions. The latest State of Automotive Finance report from Experian Automotive showed that 30-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with […] [Read More]

LAS VEGAS — The National Alliance of Buy-Here, Pay-Here Dealers is still giving operators the chance to attend at least part of its upcoming Dealer Academy and National Conference. NABD is offering day passes for the events that begin Sunday at the Wynn in Las Vegas. The price breakdown is as follows: —Sunday for the […] [Read More]