July used-vehicle sales data from CNW Research showed why it can be challenging for  an independent dealer nowadays. Not only are franchised stores holding on to as many trade-ins as they possibly can retail, CNW president Art Spinella explained why independent lots also are being pinched by private-party sales. Overall, last month’s used-sales volume moved […] [Read More]

Industry incentives continue their decline, but transaction prices seem to be on the way up, when compared to last year’s rates.   More specifically, TrueCar.com analysts estimated that the average transaction price for light vehicles in the U.S. was $30,369 last month, up $487 (1.6 percent) from July 2011 and down $139 (0.5 percent) from […] [Read More]

Women represent about roughly two-thirds of service/repair customers, and almost three-fourths of female consumers plan on taking their ride to the dealership to have it serviced. These are just two of the statistics shared by Women-Drivers.com that highlight what the website has found to be critically important for dealers to examine: their treatment of women […] [Read More]

As detailed in announcements made this week, the list of auctions that have secured contacts through the General Services Administration to sell government vehicles continues to grow. In the central Florida market, Sanford Auto Dealers Exchange is the most recent addition to GSA’s list of ServNet auction partners, which now includes 15 ServNet auctions throughout […] [Read More]

Thanks to a partnership announced Wednesday between Motor Trend Certified and Carfax, all vehicles in the national certification program must now come with a Carfax Vehicle History Report and quality for the Carfax Buyback Guarantee. These, of course, are on top of the requirements under the Motor Trend Certified national guidelines. “Combining Motor Trend Certified […] [Read More]

Two ADESA locations recently celebrated milestone anniversaries, and the company said these auctions “pulled out all the stops” to mark the occasions and show thanks to their customers. ADESA Fargo rang in 60 years of service with a record number of units running through the lanes during its “diamond” anniversary sale. Keeping in line with […] [Read More]

With an influx of Americans turning on the TVs to watch U.S. Olympians claim victories in areas including men’s swimming and women’s gymnastics, among others, how is this increased number of viewers affecting OEM advertising? Edmunds.com noted that many automakers are seeing substantial consumer interest spikes for units advertised during the games. [Read More]

As gas prices ticked up another two cents, NADA Used Car Guide’s analysis of wholesale prices showed the movements for compact and midsize cars continue to go in opposite directions. Analysts discovered that the midsize car segment is expected to see the biggest drops over the course of the current week as prices are expected […] [Read More]

Manheim saw mobile traffic to its website more than triple in the second quarter, and now a third of its customers use a mobile device to tap into Manheim.com. According to the Manheim 2012 Q2 Update released Tuesday, there were 4.76 million mobile visits to Manheim.com during the second quarter, up 368 percent from the […] [Read More]

In releasing its second-quarter results, Penske Automotive Group revealed record-breaking revenue growth, as well as double-digit rises in new and used retail sales. And some of these trends may be a direct result of improved inventory levels, which also spiked since the beginning of 2012. For the second quarter of this year, revenue increased 19.2 […] [Read More]