Even as gas prices continue to rise and overall used-car price declines have picked up, according to Black Book’s Ricky Beggs, trucks continue to buck the trend. So far in September, used-car prices have dropped by 2.0 percent, compared to April when prices slid just 0.2 percent. But trucks, on the other hand, have shown […] [Read More]

Whether you are more interested in market insights and trends or advertising and digital media strategies, the CPO Forum lets you, as a dealer, customize which workshops work best for you based on your store’s needs and interests. This year’s event will feature brand-new “large-group” workshops, which are designed to be larger than our standard […] [Read More]

According to a post on the Inside Line blog from Edmunds.com, the state where dealers saw the youngest trade-ins flowing on to their lots last month was Oklahoma. The blog entry, written by automotive content editor Warren Clarke, indicates that trade-ins in this state were an average of 4.95 years old in August.  Tied for […] [Read More]

ADESA Mexico City on Tuesday announced the launch of LiveBlock at its auction located in Toluca, Mexico. Officials highlighted this is the first time ADESA’s live online purchasing tool has been available to registered Mexican dealers. ADESA recapped that via real-time audio/visual feeds, LiveBlock simulcasts a live auction as it is happening. The tool is […] [Read More]

Brasher’s Northwest Auto Auction finished the summer season with its eighth annual Checkered Flag Sale, an event that included team racing, a collector and specialty car show and auction, lively music, great food and a charity event. All of those events led up to Brasher’s signature Checkered Flag Sale on eight lanes of action. “Our […] [Read More]

What do kids, credit unions and Enterprise Car Sales have in common? More than you might think. Enterprise Car Sales works nationwide to support Children’s Miracle Network (CMN) Hospitals and the Credit Unions for Kids program, the company noted in a press release this week, through bowl-a-thons, trivia nights, golf tournaments, walks/runs, restaurant nights and […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 HOUSTON — Coming off of record-setting performances in the subprime auto lending space during its last two fiscal years, First Investors Financial Services Group announced this morning that it has entered into a definitive merger agreement. First Investors indicated plans to merge with FIFS Holdings Corp., […] [Read More]

MINNEAPOLIS — With student loan debt climbing by significant rates, are potential buyers who arrive in the showroom with high education repayment obligations going to have problems getting a vehicle loan? FICO examined the issue because officials said more lenders and investors are asking how this is affecting U.S. consumers' credit scores. Looking at a […] [Read More]

INDIANAPOLIS — Buy-here, pay-here dealership chain J.D. Byrider recently announced a promotion and the addition of three new team members to support the company's franchise growth and development. Promoted to the position of director of franchise development is Jack Humbert, who has assisted development efforts as a senior franchise consultant for the past two years. […] [Read More]

DETROIT — A recent survey by Ally Financial showed dealers continued to be a "pillar of strength" in their communities, particularly when it comes to charitable giving. Survey data indicated nearly two-thirds of U.S. dealers increased their charitable contributions this year compared to last year. In addition, officials highlighted that more than half of those […] [Read More]