With the deadline to file personal federal income tax forms having passed more than a week ago, Manheim economist Tom Webb answered dealer questions about activity connected to refunds. In his April Auto Industry Brief, Webb first shared the dealer inquiry he received. “My used-vehicle operation had a better-than-more normal tax refund season,” the dealer […] [Read More]

HookLogic, provider of e-commerce media solutions and services, has announced a new partnership with auto research company PureCars that officials say can help lead to more walk-in traffic and incremental sales for dealers. Under the partnership, PureCars will leverage HookLogic’s Lead-to-Show incentive solution for the more than 1,500 automotive dealerships they represent. [Read More]

Toyota revealed Wednesday the 500 organizations selected in its 100 Cars for Good program, in which the automaker will give away 100 cars to 100 nonprofits over the course of 100 days. The finalists, which the company noted come from all 50 states and Washington D.C., represent nonprofits serving various community needs, such as animal […] [Read More]

As panelists emphasized at the recent Auto Remarketing Canada conference presented by CarProof, supply is tight for dealers in Canada. And that’s impacting everything from retail pricing and wholesale costs to sourcing strategies and dealer grosses. “Historically, we know what happened back in ’08 and ’09: there just weren’t any new cars. As a result, […] [Read More]

Evidently, softening bidding activity Black Book spotted recently was more than just an aberration. In his latest edition of “Beggs on the Used Car Market,” Black Book managing editor Ricky Beggs recapped that, “Last week we made mention of an easing in the push for an extra bid or two. That trend continued into the […] [Read More]

According to an article written by Credit Union Times’ Michelle Samaad, credit unions seem to be benefiting from used-car loans’ recent strong portfolio performance. And Samaad even went on to write that some credit unions are seeking “nontraditional” methods to keep the lending surge going and returning to residual financing methods as the economy continues […] [Read More]

Hyundai revealed that its dealers now have another incentive to offer potential used-car customers. Sirius XM Radio and Hyundai Motor America announced a partnership that gives participating dealers the chance to give customers a three-month SiriusXM subscription when they purchase a pre-owned vehicle — regardless of manufacturer — equipped with satellite radio. [Read More]

As new-vehicle sales gather steam, dealers have an opportunity to ease some of their used-vehicle sourcing pain and help the new-vehicle sales department hit volume targets to earn factory bonus money: Keeping more trade-ins for retail. This is easier said than done, of course, but dealers would be remiss to not revisit their appraisal processes […] [Read More]

Automotive Finance Corp. revealed the grand prize winner of its Fee Free Flooring for a Year Contest Tuesday. Winning the campaign was Said Barzegar of Eurosport Auto located in San Jose, Calif., a rooftop serviced by AFC Cal’s San Francisco branch overseen by Tony Souza. Officials highlighted Eurosport Auto has been an AFC customer since […] [Read More]

In light of surging gas prices, Swapalease.com surveyed consumers about how they plan to respond to the “wallop to their wallets.” What the website found is that “an overwhelming” amount are considering buying or leasing a more fuel-friendly ride. In fact, more than three-quarters of the respondents (77 percent) say they are thinking about buying […] [Read More]