Dealers who use AutoTrader.com to push their vehicles online now can choose to own a piece of the operation as the site is on its way to becoming a publicly traded company. AutoTrader Group — a newly formed entity that includes AutoTrader.com, Kelley Blue Book, vAuto and VinSolutions — filed paperwork with the Securities & […] [Read More]

In light of the recent news from Saab and plans for the brand to focus more on electric vehicle production in the future, Auto Remarketing reached out to ALG to get their feedback on how the changes might affect used-vehicle values — as well as how the project might fare — for the OEM that […] [Read More]

As Tom Kontos put it, May’s wholesale pricing activity certainly backs up the assertion that he and ADESA Analytical Services have had for some time: used values have likely peaked. In fact, as part of his look at monthly pricing trends, Kontos revealed that the average wholesale price in May was $10,271, which was 2.9 […] [Read More]

One of the biggest selling points in the certified pre-owned market is arguably that CPO vehicles give customers a “like-new” experience while still buying a used vehicle. As such, CPO customers tend to gravitate toward some of the benefits of certified (i.e. warranty coverage, delivery process, etc.) that are quite similar to those on the […] [Read More]

Dealers who are working with customers on tight budgets now have several vehicle lists assembled by Kelley Blue Book that analysts believe are best suited for a used-vehicle purchase or a new-model lease or purchase. Of the vehicles KBB thinks can best fit the bill for any transaction this month, half are Japanese models with […] [Read More]

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]