Only a month after incentives fell to what was the lowest level in nearly seven years,  Edmunds.com discovered that automakers raised incentives in May, and believes it could be a gradual rise going forward. According to Edmunds.com’s True Cost of Incentives, the industry spent $2,135 per vehicle in May, up 3.9 percent from April, and […] [Read More]

I was always taught that a dealer should never apologize for anything when it came to used vehicles. This meant that we would always spend the time and money to “go the extra mile” with the reconditioning of every used car at my family’s dealership. [Read More]

Dealerships that are part of the AutoShopper.com network will have use of new custom websites by the end of June, as part of the company’s enhancement of its AutoPilot product. “Many car dealerships are looking to increase online presence and attract new customers, especially since auto shopping is such a competitive marketplace,” said Dani Lunsford, […] [Read More]

Maryland’s Bel Air Auto Auction recently revealed it has appointed a new general manager of its powersports division. Tapped for the position is Michael Taylor, who on top of managing the auction’s monthly powersports, boat and RV sale, will also work with Chuck Comfort, who handles the auction’s salvage/inop and truck & equipment Sales.  [Read More]

From used-car reviews to reasons to buy,  AutoTrader.com reports its videos have surpassed the 1-million views mark on the company’s YouTube channel. Launched in December 2010, the AutoTrader.com YouTube channel currently houses more than 225 videos aimed at mainstream car shoppers. “We know that video is an important part of the car shopping process, as […] [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 and SAN JOSE, Calif. — Regulation to significantly oversee buy-here, pay-here dealers in […] [Read More]

FORT WORTH, Texas — Evidently the auto finance industry isn't the top target of the Consumer Financial Protection Bureau just yet. CFPB assistant director Richard Hackett said during his keynote presentation Thursday during the National Automotive Finance Association's 16th annual conference that mortgages, payday loans and student loans are the current supervisory priorities. Hackett indicated […] [Read More]

TALLAHASSEE, Fla. — Another state's database has been added to Auto Data Direct's system that offers real-time motor vehicle records. Broadening the access to dealers and other parties, the company revealed this week that with the addition of Minnesota's motor vehicle records, it now offers real-time access to 26 state databases for qualified companies.  Dealers […] [Read More]

WESTLAKE VILLAGE, Calif. — While dealers in Canada are becoming more and more satisfied with the country's overall financing business, J.D. Power and Associates has found that the strides made in the subprime retail credit segment stand out above the rest of the lending business. Recently releasing its 2012 Canadian Dealer Financing Satisfaction Study, J.D. […] [Read More]

J.D. Power and Associates recently released its 2012 Canadian Dealer Financing Satisfaction Study and highlighted one lender that took two of the lending categories included in the report. The study looked at Canadian dealer satisfaction in retail leasing services, prime retail credit service, subprime retail credit services and floor planning services, and found that Mercedes-Benz […] [Read More]