With the recent launch of the Consumer Financial Protection Bureau, cases dealing with dealership advertising and alleged sales fraud are popping up all over the country. And in one of the latest cases to hit the courtroom, a New Jersey dealership has been ordered to disclose damage to and prior use of the vehicles it […] [Read More]

After speaking with company leadership on Tuesday afternoon, Auto Remarketing has discovered further details about the emergence of Auction Edge, which has acquired Auction Pipeline as well as Auto Lookout, and apparently isn’t finished making waves. The company’s management includes top names in the auction business as well as former executives with Microsoft and Starbucks.  […] [Read More]

ADESA’s Tom Kontos discovered average wholesale used-vehicle prices in April remained near peak levels achieved during both the spring tax season last year and previously in 2010. According to ADESA Analytical Services monthly analysis of wholesale used-vehicle prices by vehicle model class, April wholesale prices averaged $10,577 — down 0.5 percent compared to March and […] [Read More]

Auction volume for luxury coupes surged last month, “saturating the used-car market” — as RVI Group’s Rene Abdalah put it — and leading to this segment being the only one to see a sequential decrease in prices during April. Specifically, luxury coupe values dipped 0.3 percent month-over-month, while all other segments either climbed in price […] [Read More]

Though high gas prices may seem to be a deterrent for consumers in the market for an SUV, AutoTrader.com contends these larger units might be some of the best deals out there. As fuel rates remain high and demand for these gas guzzelers continues to lessen, it is beginning to be hard to ignore their […] [Read More]

Vets-Cars Group, a dealer association focused on promoting trust between select rooftops and military consumers, recently formed a partnership with a Virginia-based lender that has financed new and used vehicles for military and civilian consumers for more than 25 years. The association is aligning with Coastal Credit, a lender that purchases contracts on a point […] [Read More]

NADA University, in partnership with federal regulatory agencies, is hosting a Webinar next week that is designed to help dealers respond to consumer questions that may arise in light of the upcoming fuel-economy label requirements. "Selling Fuel Economy and the New Federal Label" Webinar is set for Tuesdayat 1 p.m. EDT. “High and erratic fuel […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* 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:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} LAS VEGAS — Dealers, finance companies, legal experts, industry analysts and more all […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* 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:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} LAS VEGAS — Finance Express unveiled what it's calling a "game-changing way" to […] [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:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} CARY, N.C. — Cherokee Automotive Group recently announced changes in the leadership of its […] [Read More]