As a good chunk of automotive analyst companies revealed their predictions for July’s new-vehicle sales, noting they expect the month’s SAAR to rise above 14 million, experts also shared just which OEMs are likely to benefit the most from this sales spike. Kelley Blue Book explained that it expects Japanese brands to lead industry grains, […] [Read More]

If a shopper steps on a dealer’s lot and is confident and educated about the car-buying process, there are likely to be fewer obstacles that the salesperson must overcome in discussing a potential purchase with the consumer. With a confident shopper who is knowledgeable about car-buying, the dealer can devote his conversation with the customer […] [Read More]

What first began as an investigation by the National Highway Traffic Safety Administration turned into a recall last week for the Ford Escape from the 2001 through 2004 models years. Officials said the Blue Oval is recalling 423,634 Escapes equipped with 3.0L V6 engines and speed control. These units manufactured from Oct. 22, 1999 through […] [Read More]

The number of fuel-efficient vehicles on U.S. highways is growing at a fast tick, according to industry analysts Baum & Associates. In fact, the company reported that the first half of this year set the record for the highest-ever fuel efficiency for new passenger vehicles entering the U.S. market.  [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} NEW YORK — As subprime auto lending volume continues on an upward trend, both […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} PHOENIX — Go Financial recently highlighted the successful launch of its indirect subprime lending […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE DEARBORN, Mich. — Ford Motor Credit is offering customers affected by Tropical Storm Debby in Florida the option to delay some vehicle payments. Officials explained Ford Motor Credit's Disaster Relief Program allows qualified customers to delay one or two monthly payments, resuming their regular payment schedules when […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} CENTREVILLE, Va. — Finding the right used car is crucial to buyers, and every […] [Read More]

Contained within a wide-ranging discussion, Group 1 Automotive highlighted how a 27.9-percent jump in the number of used vehicles retailed made up for a 12.1-percent dip in the gross profit per used model sold during the second quarter, a span that included a new company record for adjusted net income. Executives indicated during a conference […] [Read More]

Several of the nation’s publicly traded dealership groups have released their second-quarter performance reports in recent days and a common theme has been the strength in used-vehicle sales during the period. And for the overall used market — including independent dealers and casual sales, as well as franchised shops — CNW Research recently reported that […] [Read More]