As AutoNation announced that June’s new-vehicle sales soared for the retailer by double digits year-over-year, the American International Automobile Dealers Association reported this past month’s SAAR pushed past 14 million. Driving higher than expected this June, the seasonally adjusted annual rate came in at 14.08 million units — up from 11.56 million a year ago […] [Read More]

RedBumper this week announced an upgrade to its mobile app, with the integration of Carfax Vehicle History Reports. Subscribing dealers will now have the vehicle reports automatically added to their apps once they run a Carfax report through the RedBumper platform. The company says the tool will help dealers manage inventories and determine which cars […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE SACRAMENTO, Calif. — With the Fourth of July falling during the middle of California's last legislative week before its summer recess, two lawmaker committees pushed ahead bills that would greatly regulate how buy-here, pay-here dealerships operate. After already gaining majority support from the Assembly's Banking and Finance […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE ALEXANDRIA, Va., and DALLAS — As the newest jobs report arrived today, new bankruptcy filings are trending toward levels not seen since before the recession started in 2008, according to the latest analysis from the American Bankruptcy Institute. In fact, total bankruptcy filings during the first six […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MASON, Ohio — Earlier this week, Security National Automotive Acceptance Co. made a financial pledge to USA Cares, a Kentucky based 501(c)3 nonprofit, charitable organization founded in 2003 to provide post-9/11 military families with financial and advocacy support.  SNAAC committed to give a total donation of $45,000 […] [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;} ALEXANDRIA, Va. — Automotive retail is a competitive business. Competition thrives between dealers, brands, […] [Read More]

Though not climbing at the same clip as earlier months, Canadian new-vehicle sales jumped nearly 3 percent in June, closing a first half that saw a “resurgent” market beat year-ago sales by more than 7 percent. This was the latest take from DesRosiers Automotive Consultants, which released its monthly Market Snapshot and commentary on the […] [Read More]

Mazda Canada has an interim president to replace Don Romano, who “elected to leave the company," effecitve Tuesday. Mazda Motor Corp. announced that appointed as interim president is Shusuke "Kory"  Koreeda, who was most recently executive vice president at Mazda Canada. It is expected that Mazda Motor Corp. will approve his appointment to the presidency later […] [Read More]

In what is described as a “hot” used-vehicle market, Canadian residual values have been on the upswing the past few years, thanks in part to what happened in the leasing and fleet sales markets, according to a DesRosiers Automotive Consultants analysis. Examining data from Canadian Black Book, DAC pointed out that the residuals of three-year-old […] [Read More]

While hurdles are still on the horizon, the used-vehicle industry began 2012 with some very encouraging signs for dealers, automakers, remarketers, auctions and others in the business. Given this environment, Auto Remarketing took a deep dive into these used-car opportunities and challenges from the first half of 2012 in a special “Used-Car Market Intelligence Report." […] [Read More]