The string of at least 4 million used-vehicle sales per month appears to be over if CNW Research’s projection for August sales is accurate. CNW is predicting the combination of used sales by franchised and independent dealers as well as private party transactions to come in at 3.89 million this month. The May figure was […] [Read More]

Though according to NADA Used Car Guide’s analysis, new-vehicle incentives and rebates, as well as declining prices on used vehicles, are helping boost auto sales this summer, it seems consumers are not quite as willing to put out the big bucks for a used vehicle as values continue to falter. Kbb.com explained that “luxury vehicles […] [Read More]

An investment analyst recently asked Toyota’s Bob Carter about a subject studied intently by the National Automobile Dealers Association — automakers asking franchised dealers to make mandated changes to their showrooms and more. The questioner wanted to know if $1 billion worth of improvements were going to bring a strong return on investment for both […] [Read More]

One company new to the North American market contends vehicle logistics can be simplified and says it has the tools to make this possible. According to Car Delivery Network’s vice president of North America Rod Hicks, the company believes it has a solution to the potential communication issues that can arise between shippers, drivers and […] [Read More]

It was announced late last week that Jacob Solotaroff of MAX Systems has been added to the lineup of the fourth annual DrivingSales Executive Summit. Solotaroff — senior vice president, general manager of MAX Systems — will be presenting a breakout session titled, “Staying mobile: How to sell to today’s savvy buyers” at the event, […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”,”serif”; mso-fareast-font-family:”Times New Roman”;} MONROE, N.C. — A mix of aspiring and experienced buy-here, pay-here dealers left this past weekend's training […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE BENTONVILLE, Ark. — A 7.8-percent rise in the number of retail units turned allowed America's Car-Mart to overcome a $200 drop in the average retail price of vehicles sold during the first quarter of its 2013 fiscal year, resulting in an 8.3-percent jump in net income. The […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE CARMEL, Ind. — J.D. Byrider recently added its 10th buy-here, pay-here store in Illinois and seventh dealership in the Chicagoland area. Now in J.D. Byrider's network is an operation in East Dundee, Ill., at 750 Dundee Ave. Officials highlighted the location includes a facility consisting of 18,000 […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”,”serif”; mso-fareast-font-family:”Times New Roman”;} BANDON, Ore., and SANTA MONICA, Calif. — The string of at least 4 million used-vehicle sales per […] [Read More]

Inventory: the focus of many used-car dealers as auction prices remained high this year and quality, used units proved scarce. Lithia Motors senior vice president and chief financial officer Chris Holzshu offered some advice and best practices utilized by the dealer group’s stores during the recent J.P. Morgan Auto Conference. On-demand webcast recordings of presentations […] [Read More]