WESTLAKE VILLAGE, Calif. — J.D. Power and Associates discovered the level of new-vehicle contracts lasting 72 months or longer softened a bit last month, but the penetration still landed higher than May of last year. According to J.D. Power's May Industry Health Review, the penetration of 72-month financing terms came in at 27.9 percent, which […] [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart opened its 115th dealership and its fifth location in Tennessee earlier this week. The company's newest store is in Madison, Tenn. "We continue to grow our company and are very proud to be expanding into great towns like Madison," said William "Hank" Henderson, Car-Mart's president and […] [Read More]

The National Independent Automobile Dealers Association’s Convention & Expo has officially kicked off, and today’s action brings a host of sessions hitting everything from the regulatory arena to the buy-here, pay-here market to F&I. The day was set to begin with the convention’s opening session — “Feel Unstoppable in 60 minutes” — followed by a […] [Read More]

The Top 125 Used-Car Dealer Groups Ranked by 2011 used-vehicle sales Rank Dealership group name Address Total used units Total wholesale units Total units Total number of dealerships 1 CarMax Inc. † 12800 Tuckahoe Creek Pkwy. 396,181 263,061 659,242 103 (804) 747-0422; carmax.com Richmond, VA 23238 2 AutoNation Inc.† 110 S.E. Sixth St. 171,094 111,096 […] [Read More]

The average franchised dealer pulled in total revenue last year that was more than 12 percent stronger than 2010, with pre-tax net profits soaring nearly 24 percent. That’s according to the NADA Data 2012 report issued Monday, which the National Automobile Dealers Association put out as its annual state-of-the-industry look at dealer financial trends. [Read More]

Sirius XM Radio and Penske Automotive Group Inc. announced Tuesday that they have expanded their partnership to include pre-owned vehicles. The deal will be available to Penske Automotive customers who purchase any pre-owned vehicle with a factory-equipped satellite radio, through 154 franchises at 119 dealerships located across the United States. Rob Kurnick, president of Penske […] [Read More]

The National Independent Automobile Dealers Association has revealed that Automotive Finance Corp. became the association’s newest National Member Benefit partner. Officials highlighted that AFC is one of the largest providers of floor plan financing to independent dealers in North America and the only commercial auto finance company named as a NIADA National Member Benefit partner. […] [Read More]

Along with a recap of the first meeting of the OpenLane Recovery Remarketing Advisory Board, OpenLane shared some advice for when a repossessed vehicle has a dead battery. When third-party inspectors arrive at a repo agent’s lot and discover recovered vehicles with dead batteries, OpenLane pointed out they may not be able to capture the […] [Read More]

In an effort to involve the community, as well as ramp up its social media presence, one dealership is thinking outside the of the box. To ring in the summer, Stoops Buick GMC is holding a community scavenger hunt on Saturday, that will last throughout the day. The Plainfield, Ind., dealership will be awarding cash […] [Read More]

Dealers utilizing Dominion Dealer Solutions now have a new option when setting up a website or mobile site for their store. Potentially cutting down on the time spent building and maintaining mobile sites, Dominion revealed today the launch of its new website platform: Dominion Adaptive Websites. [Read More]