As 2013 gets underway, demand remains strong, and prices in the lanes see little change, according to NADA Used Car Guide. Over the course of the current week, NADA UCG noted it expects used prices to “deviate little from the prior week’s relatively flat trend as AuctionNet wholesale prices remain essentially unchanged.” And officials also […] [Read More]

Swapalease.com highlighted Wednesday that customer credit approvals based on U.S. bank data jumped 27.3 percent in 2012 compared with approval rates from the previous year. Most notably, the site pointed out that the last two months of last year saw significant credit approval rates jump with 55 percent more approvals in December compared with November. […] [Read More]

It seems the new year bodes well for the lanes, as John Brasher reported a “very, very strong” sale from Brashers Sacramento Auto Auction this past Tuesday. Brasher said, “We started the year off with a bang. The sale (Tuesday) was strong; the strongest it has been (in) probably six months.” It seems dealer demand […] [Read More]

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]