The National Automobile Dealers Association recently introduced what it’s calling a fully automated online energy usage survey as part of a national effort to understand energy consumption trends among dealerships in the United States. NADA explained that data derived from the survey will aid in the development of a national ENERGY STAR energy performance scale […] [Read More]

The rest of 2012 will likely see continued strength in used-car pricing, but there could be some “downward pressure” in the near future, according to the RVI Group. Explaining the anticipated strength in used prices for the remainder of the year, RVI said: “This is due to an expected increase in new-car competition and decrease […] [Read More]

Although its net earnings dropped 3.8 percent, CarMax increased its retail used sales volume by 3.5 percent year-over-year in the first quarter and pushed its total net sales and operating revenues up 3.5 percent, as well. The company sold 112,291 retail used vehicles during the quarter, compared to 108,511 sales in the year-ago period. Wholesale […] [Read More]

With used-car prices expected to fall again this month and May marking the first time pre-owned rates had slid since the beginning of 2012, used vehicles may be looking more attractive to consumers as the summer months roll by. And though many popular used units are still going for more than they have in past […] [Read More]

Audi of America has a new president to fill the shoes of Johan de Nysschen, who recently moved on to serve as the global head of the Infiniti brand.   Tapped for the position was Scott Keogh in a move that was effective immediately. Before moving on to Infiniti, de Nysschen had led the organization […] [Read More]

Porsche Cars North America/Porsche Financial Services revealed this week it has chosen an exclusive provider of off-lease vehicle inspections. Chosen for the position is  floorplan inventory verification and vehicle inspection company DataScan Field Services. The company contends that by selecting DataScan, “Porsche reinforces its commitment to developing a stronger, more transparent end-of-lease process. [Read More]

Dealers looking to better manage their pre-owned inventories have a new tool to use, in the form of a recently-announced market pricing product for used vehicles. This week, Dealer Wizard announced that it has added the National Automobile Dealers Association’s AppraisalPRO software as a standard feature to help its dealer clients improve the management of […] [Read More]

The introduction of a new tool to help dealers with their social media marketing targets the dealers’ local communities. Announced this week was the launch of KPA Local Engage, which the company says offers collaboration with a social media expert, localized promotions and social media management software, all in one service. “The way to make […] [Read More]

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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;} RICHMOND, Va. — CarMax Auto Finance watched its income and originations strengthen during Q1 […] [Read More]