Next month, Sanford Auto Dealers Exchange has a sale on tap that may help dealers not only shore up their used inventory, but aid in their holiday shopping, as well. On Dec. 18, SADE is hosting a 2,000-vehicle sale that will also include $50,000 in gifts for customers. The two grand prizes are a 1987 […] [Read More]

Kelley Blue Book unveiled the 2013 model-year vehicle winners of its Best Resale Value Awards this morning and dominating the competition were Toyota and Lexus. For the second straight year, this pair swept the Best Resale Value brand rankings, with Toyota winning among the non-luxury makes and Lexus taking top honors in the luxury category. […] [Read More]

Just before Thanksgiving, the Federal Reserve Board and the Consumer Financial Protection Bureau announced increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions. Officials said these increases are consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act amendments to […] [Read More]

No matter the media buy — print, direct mail, email, television, radio or online — one veteran dealer marketing executive believes there is one metric principal managers need to watch when it comes to promoting the store, inventory, special campaigns and more. “I know when we look at an ad budget for a dealer, it […] [Read More]

Payless Car Sales revealed last week a new store in Louisiana’s capitol city. Gerry Lane’s Payless Car Sales is now open for business at 11025 Reiger Road in Baton Rouge. The new store is located next to Gerry Lane Cadillac. The company contends that this store allows Baton Rouge customers to buy quality used vehicles […] [Read More]

Standing at the threshold of its 25th year, ServeNet held a Meet the Owners event earlier this month that served as a time to "review the group’s history and continued strengths." ServNet auction owners and executive team met with executives from Bank of America, Hyundai Capital, Consumer Portfolio Services, Lobel Financial, Automotive Information Network, KARS-R-US, […] [Read More]

Here’s an item dealers still can be thankful for now that all of the turkey leftovers are gone: New-vehicle sales appear to be back on track after Hurricane Sandy. The latest sales forecast developed by J.D. Power and Associates’ Power Information Network and LMC Automotive showed the new-vehicle retail selling rate is back to a […] [Read More]

BANDON, Ore. — The year-over-year gain for subprime approvals this month isn't as strong as the jumps were in September or October, but CNW Research said the climb is still tracking nearly 50 percent higher. Analysts indicated subprime approvals are 44.6 percent higher in November as compared to the same month a year ago. In […] [Read More]

DETROIT — As the industry prepared to depart for the Thanksgiving holiday last week, General Motors Financial announced how much cash it was getting from its parent automaker to acquire the remaining foreign operations of Ally Financial. Officials said GM will contribute approximately $2 billion in cash to GM Financial to increase its equity and […] [Read More]

NEW YORK — Still-strong wholesale vehicle values resulted in yet another decline for U.S. auto ABS losses, according to the latest index results from Fitch Ratings. Analysts said October auto ABS losses also remained stable as the new model season kicked into gear for vehicle sales. Fitch pointed out the Manheim Used Value Index gained […] [Read More]