CarMax recently opened its first rooftop in Pennsylvania. Officials highlighted that their showroom at 1457 Manheim Pike in Lancaster, Pa., consists of 49,600 square feet. CarMax employs more than 80 associates at the new store and is stocking inventory with about 300 vehicles “Resuming our growth plan has meant expanding into new areas such as […] [Read More]

Geared to provide added assurance and enhance the lease experience for their customers, Toyota Financial Services and Lexus Financial Services this week rolled out the Excess Wear & Use Protection Plan, the newest product to join the TFS/LFS portfolio.  Brand officials acknowledged consumers often have questions about their financial responsibility for items such as dings, […] [Read More]

NADA University is rolling out a new annual study that replaces the biennial NADA Compensation Study and offers an enhanced look into dealership workforce trends. The first NADA Dealership Workforce Study is slated to be released this summer and include data from 2011. Explaining how it will be different from the NADA Compensation Study, officials […] [Read More]

Kelley Blue Book announced earlier this week that its Kbb.com Android mobile application has reached a milestone: 1 million downloads. Shoppers can use the app to pull up KBB Values, which include the following: MSPR, Invoice, Fair Purchase Price, Certified Pre-Owned, Suggested Retail, Private Party and Trade-In Values. The app also features a dealer locator […] [Read More]

After a successful Phoenix launch, Mota Motors revealed Wednesday that New York and New Jersey dealers now have another option when marketing their certified pre-owned vehicles. The company is rolling out marketing program SureSale Certified to the two Northeastern states. [Read More]

With brand dealers bringing out their clubs in the name of charity, the 2012 Mercedes-Benz Dealer Golf Championships begin this month.  Now in its 19th year, officials highlighted the nationwide amateur-only golf program for men and women has raised more than $17 million to benefit charitable organizations across the United States.          […] [Read More]

Black Book’s Ricky Beggs departed last week’s National Auto Auction Association/CAR event, which also featured a meeting of the International Automotive Remarketers Alliance, with the same sentiment as his industry colleagues. Over several days, Beggs recapped that, “Almost everyone I heard in the presentations and spoke with continues to be amazed at the recent trends […] [Read More]

Fiserv named its top performing auction for 2011 on Tuesday. Claiming Fiserv’s highest honor for the fifth time was Carolina Auto Auction. Carolina AA based out of Anderson, S.C., also has been among Fiserv’s top three auctions for nine of the past 11 years. Fiserv explained that it began ranking auctions in 2001 as a […] [Read More]

When it comes to value retention, the brand expected to command the strongest residuals three years down the road is Mini, according to the latest Industry Report from ALG. Looking at the 2012 model-year residual outlook in the March/April edition of ALG’s analysis, Mini’s 36-month residual value was projected at 52.5 percent. [Read More]

Never let it be said that Detroit automakers and their friends in Congress don’t care about the environment. I’ve never see any group more dedicated to recycling — at least when it comes to old arguments. There is a limited number of anti-trade, anti-“import” positions out there. Even when one is shot full of holes, […] [Read More]