Auto Remarketing has learned Cadillac is launching an offering today that gives its dealers the chance to boost new and certified sales while also helping them generate more CPO-worthy inventory. The campaign blends a lease pull-ahead program with subvented CPO financing rates, Cadillac remarketing manager Jeff Maes explained to Auto Remarketing in a recent interview. [Read More]

Continuing a process that began last July when the company was rebranded from CitiFinancial to OneMain Financial, officials shared details of the rebranding for its service network from CitiFinancial Remarketing Services. Effective today, the unit now will be known as OneMain Remarketing. Officials explained that this change allows the remarketing group to align itself closely […] [Read More]

Black Book collected a mixed bag of dealer commentary from more than 100 auction sites last week, leveraging its ability to get first-hand information through various methods. Before delving into specifics, Ricky Beggs recapped how Black Book gathers its dealer feedback. “It’s been another busy week for our editorial team as we have watched online […] [Read More]

Pushed by an uptick in vehicle replacement in 2010, fleet maintenance costs dipped modestly for the third consecutive year in 2011, according to GE Capital Fleet Services’ 17th annual fleet passenger car maintenance study. More specifically, the company found that the average maintenance cost was $53.49 per vehicle per month in 2011, versus $55.89 in […] [Read More]

With Monday marking the last day of April, Kelley Blue Book thinks franchised dealers will have enjoyed a double-digit daily selling rate above the same month last year. KBB estimated April new-vehicle sales to reach 1,148,000 units, or 14.0 million seasonally adjusted sales rate. If the projection holds true, analysts contend it will account for […] [Read More]

Sixty-seven Ford dealerships have received the necessary certification to become the first stores to sell the automaker’s debut all-electric offering, the company announced Monday. All of the dealerships given the green light to sell the 2012 Ford Focus Electric later this spring are located in California, New Jersey and New York. These three states were […] [Read More]

Maximize Social Media rolled out a new dealership initiative on Monday that it says can provide dealers with the social-media solutions that can not only help them generate more sales leads, but also help them create opportunities in the service lane, as well. The social-media management firm’s initiative focuses on full Facebook business page design […] [Read More]

Earlier today, Donlen named its annual best-in-class vehicle auctions, including an award for Auction of the Year as well as regional and categorical winners. Receiving this year’s recognition as Auction of the Year was Manheim Southern California. Among the other top performers were: —West Region Winner: ADESA Golden Gate —Central/Northeast Region Winner: Manheim Milwaukee —South/Southeast […] [Read More]

A slowdown in depreciation expenses has helped to mitigate the rise in sedan ownership costs this year, according to AAA’s 2012 Your Driving Costs study released Friday. That said, the nearly 5-percent ease in depreciation costs didn’t entirely prevent an ownership cost hike altogether. AAA has found that the average cost per mile to own […] [Read More]

In some markets, it might take two days of driving around to find more than a handful of Ford or Lincoln dealerships, but that’s not the case for John Jestice and Livonia, Mich.’s Bill Brown Ford. Just west of Detroit and in the stronghold of the domestic auto industry’s capital, Bill Brown Ford finds itself […] [Read More]