The grades are in, and Subaru is at the top of the OEM class in TrueCar.com’s Performance Scorecards for May. Released Friday, the rankings grade each manufacturer and brand on eight different measurements including pricing, sales, incentives, customer loyalty, market share and days in inventory. Subaru earned an A+ to steal the top spot from […] [Read More]

Social media marketing firm Maximize Social Media has announced a new dealership initiative, offering what it calls lead-generating social media solutions to dealers for sales and service. “We’ve seen time and time again that those automobile dealers who are embracing social media naturally have stronger placement in the search engines,” said Mike McLaughlin, president of […] [Read More]

PHILADELPHIA — With respective lawmaking bodies in Florida and Georgia passing electronic lien and title legislation recently, VINtek is helping lenders in these Southern states prepare for the changes. In addition to announcing that it will aid lenders as they get ready for expanded ELT programs, VINtek also explained what these pieces of legislation entail. […] [Read More]

WASHINGTON, D.C. — As the National Automobile Dealers Association issued two new bulletins geared to help store staff respond to consumer questions on safety and fuel economy, it also shared news of the Federal Trade Commission's announcement of an enforcement action against and a proposed settlement agreement with a Georgia franchised dealer. According to FTC […] [Read More]

CHARLOTTE, N.C. — The new Central Atlantic regional office of American Honda Finance Corp. has been tapped with LEED Gold certification, making it Honda Finance's second LEED-certified facility and the 12th facility built and operated by Honda in North America to earn this citation. No other automaker has more, officials noted. This Charlotte, N.C. office […] [Read More]

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The decline in used-vehicle prices in June isn’t just a blip on the radar. Next month will likely show used prices dropping yet again, according to NADA Used Car Guide. In fact, all used segments are projected to see price declines during the next few months due to moderate seasonal demand, said NADA UCG senior […] [Read More]

Many dealers correctly recognize the need to keep more trade-ins to feed their used-vehicle inventories. This trend raises an age-old tension at many dealerships: The new-vehicle department typically wants to set the highest trade-in value possible to satisfy the customer and close a deal. The used-vehicle department prefers low-balling trade-in values to maximize the retail […] [Read More]

After declaring bankruptcy earlier this year, the latest chapter in Saab’s saga has the brand apparently delving heavily into the electric vehicle market in the coming years. And after ALG reported earlier this year that the nameplate had been “stripped” of most of its value as the automaker fought to stay in business, this shift […] [Read More]

In its most recent daily NADA Headlines report, the National Automobile Dealers Association shared news detailing its board’s appointees for future leadership of the organization. More specifically, the report indicates that current NADA vice chairman David Westcott of Burlington, N.C., has been nominated to take on the association’s chairmanship for 2013. He is the president […] [Read More]