With used-car prices expected to fall again this month and May marking the first time pre-owned rates had slid since the beginning of 2012, used vehicles may be looking more attractive to consumers as the summer months roll by. And though many popular used units are still going for more than they have in past […] [Read More]

Audi of America has a new president to fill the shoes of Johan de Nysschen, who recently moved on to serve as the global head of the Infiniti brand.   Tapped for the position was Scott Keogh in a move that was effective immediately. Before moving on to Infiniti, de Nysschen had led the organization […] [Read More]

Porsche Cars North America/Porsche Financial Services revealed this week it has chosen an exclusive provider of off-lease vehicle inspections. Chosen for the position is  floorplan inventory verification and vehicle inspection company DataScan Field Services. The company contends that by selecting DataScan, “Porsche reinforces its commitment to developing a stronger, more transparent end-of-lease process. [Read More]

Dealers looking to better manage their pre-owned inventories have a new tool to use, in the form of a recently-announced market pricing product for used vehicles. This week, Dealer Wizard announced that it has added the National Automobile Dealers Association’s AppraisalPRO software as a standard feature to help its dealer clients improve the management of […] [Read More]

The introduction of a new tool to help dealers with their social media marketing targets the dealers’ local communities. Announced this week was the launch of KPA Local Engage, which the company says offers collaboration with a social media expert, localized promotions and social media management software, all in one service. “The way to make […] [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;} SACRAMENTO, Calif. — As California lawmakers near finalization of their state budget, they're turning […] [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;} RICHMOND, Va. — CarMax Auto Finance watched its income and originations strengthen during Q1 […] [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;} BANDON, Ore. — May might have been a great month for used-vehicle sales, but […] [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;} SOUTHFIELD, Mich. — Credit Acceptance Corp. recently extended the maturity of its credit facility […] [Read More]

In the wake of two trade developments announced in the last week that affect Canada, the impact for the country’s car dealers will likely be more indirect, according to Michael Hatch, the chief economist for the Canadian Automobile Dealers Association. It was revealed this week that Canada, along with Mexico, is signing on to the […] [Read More]