NADA Used Car Guide projected that used-vehicle depreciation isn’t going to slow down as the industry approaches autumn. In their August edition of Guidelines, analysts forecasted September’s average drop to be within the range of 3 percent to 3.5 percent; a level slightly less than what was listed in August’s edition of the Official Used […] [Read More]

As the number of average daily price adjustments stayed strong, rising gas prices kept Black Book editors busy last week. Managing editor Ricky Beggs pointed out that during the past six weeks, the national average price for a gallon of gasoline has risen by a total of 29 cents to $3.64 per gallon. “I hope […] [Read More]

The month-over-month decline in wholesale prices during July was moderately less steep than anticipated, according to NADA Used Car Guide, which attributed this particular trend to hearty truck demand making up for soft car segment values. Overall, AuctionNet prices were down 2.0 percent from June, which was “slightly better than expected,” explained senior analyst Jonathan […] [Read More]

Dealerships that offer free and pre-paid maintenance plans stand a better chance of retaining their service customers. That’s the word from DMEautomotive, per the results of a new study. On Monday, DMEa released key findings from its new national consumer survey, which studied more than 2,000 U.S. vehicle owners in April of this year. The […] [Read More]

As the ADESA OpenLane online wholesale platform continues to take shape, the company recently highlighted a series of site modifications geared to benefit buyers and sellers — 20 in all that became effective last month. Among the enhancements for vehicle searches are: —sorting by year, make, model, series and VIN all available directly on the […] [Read More]

In an increasingly digitalized automotive environment,  one OEM, in particular, is busy ramping up its mobile offerings to help dealers turn more potential shoppers into loyal customers. Ford revealed this week the new SHOWCASE app for the apple iPad, which it contends helps Ford sales associates find “just the right car for their customers faster […] [Read More]

With the economic recovery slowing and the chance of retirement perhaps becoming slim for many Americans, Colorado franchised dealers now have another option when looking for ways to take the next step. NADART — the financial services division of the National Automobile Dealers Association — revealed its endorsement by the Colorado Automobile Dealers Association.  NADART […] [Read More]

For an auction that offered fans James Bond’s 1964 Aston Martin DB5 used in the Goldfinger and Thunderball movies, even more cars off the silver screen are set to hit the lanes at RM Auctions this week. Four vehicles linked to Steve McQueen, also known as the “King of Cool”, will be available to shoppers […] [Read More]

Dealers Auto Auction of Idaho is hosting its fifth annual Rage in the Cage MMA Sales Event next week, which will feature a night of mixed martial arts action on the eve of the 800-unit sale. The MMA fight night will begin at 7 p.m. (MDT) on Aug. 21 at the Idaho Center, which is […] [Read More]

Used-vehicle values have come down a bit lately, but that shouldn’t be seen as prices being soft. It’s quite the opposite, actually. The National Automobile Dealers Association is calling for used prices to climb roughly 2 percent for full-year 2012, says Jonathan Banks, senior analyst with NADA Used Car Guide. [Read More]