With the recent launch of the Consumer Financial Protection Bureau, and legislation arising right and left that will further regulate used-car dealers, not surprisingly, the Federal Trade Commission is receiving more complaints from consumers. What issues are on the top of their lists? Well, according to a report from Fox Business, auto-related problems came in […] [Read More]

Dealers have a new opportunity to influence their position in online search results with a just-announced tool that presents their inventory to a unique audience of car buyers. Kelley Blue Book, in partnership with its parent company, AutoTrader.com, on Thursday announced its new Classifieds shopping experience on Kbb.com, as an innovative way for dealers to […] [Read More]

With strategies and tips to give dealers and managers the tools they need to have a successful summer selling season, the next free Auto Remarketing Training Series Webinar is bringing together experts from Kelley Blue Book, Carfax and vAuto. The free session is scheduled for 2 p.m. ET on Tuesday. The expert panel includes:  —Rob […] [Read More]

HAMDEN, Conn. — A Connecticut independent dealer believes charges of larceny, forgery and misapplication of property will be dismissed in connection with selling a vehicle for a private owner. Earlier this week, police in Hamden, Conn., arrested David Taylor, the owner of Bernardo Motors. According to a law enforcement statement and a newspaper report, the […] [Read More]

WASHINGTON, D.C. — With many young adults fresh from high school and college graduations, officials from Americans Well-Informed on Automobile Retailing Economics (AWARE) shared several tips for these individuals who might be ready to buy their first vehicle. AWARE emphasized these buyers should have a firm grasp of basic financial terms, what's in your credit […] [Read More]

SAN DIEGO — Low loan default rates and high prices on repossessions are factors in one vehicle leasing company's decision to suspend lease originations. LEAP Financial on Thursday announced it is suspending originations of leases due to capital constraints. Company officials said attempts to source capital over the last few months did not result in […] [Read More]

FORT WORTH, Texas, and PALATINE, Ill. — Imagine repossessing a vehicle and completing the recovery process for collateral in California without license plate recognition technology. Leaders of both Digital Recognition Network and MVTRAC are cheering this week that the scenario in the Golden State didn't come to fruition. DRN and MVTRAC executives welcomed the defeat […] [Read More]

Three months into the program and Bryan Leaitch — Mazda Canada’s manager of certified pre-owned — has already seen some progress and good signs from dealers. Since debuting Mazda Canada’s CPO offering in March, the automaker has sold 941 CPO units, including 360 certified sales in May alone. As the program continues to grow, Leaitch […] [Read More]

As the early part of spring came to a close, Canadian dealers’ were making a bit larger of a profit on their used-car sales, according to analysts at J.D. Power and Associates. In fact, dealer profitability for used cars rose from just under $1,500 to right above that mark this past April. Specifically, gross profit […] [Read More]

A Google Analytics report on May search activity at AutoTrader.ca determined Canadian consumers took a great interest in trucks last month. Of the top 10 vehicles or brands pored over by shoppers, half were full-size or compact pickups. And topping the chart was the Ford F-150. Also among the top activity generators were the Ram […] [Read More]