So, they are perhaps not as mythical as Big Foot or unicorns. Black Book’s Ricky Beggs recently discovered while scouring the auction lanes that no sales actually do exist. During his weekly video report, “Beggs on the Used Car Market,” the managing editor then asked, “are floors being adjusted?” To explain his answer, Beggs began […] [Read More]

Kelley Blue Book’s Jack Nerad gathered his thoughts Wednesday and made a stiff rebuttal to the recent proclamation issued by the White House and federal regulators about future Corporate Average Fuel Economy standards. Nerad first recapped that automakers have been told they should roll out lineups with the CAFE levels reaching 56 miles per gallon. […] [Read More]

This week, the National Highway Traffic Safety Administration announced Ford’s voluntary recall of more than 25,000 trucks, vans and SUVs to rectify a brake-light problem. The specific models included in this recall are: —Ford E-250 from the 2002 to 2007 model years. —Ford E-350 from the 2002 to 2007 model years. —Ford E-450 from the […] [Read More]

One particular element of the six-year “Nissan Power 88” global growth plan unveiled by the automaker late last month dealt with bolstering the worldwide presence of its Infiniti brand. Nissan explained that it aims for Infiniti to command a 10-percent share of global luxury market share and for its footprint to reach more than 70 […] [Read More]

Thanks to a recent deal it struck with Dataium, Asbury Automotive Group now has a package of tools at its disposal that can help effectively gauge shopper behavior throughout the dealer group’s various websites. Per the agreement signed by the companies, Dataium is offering its VisiCogn Knowledge Center and VisiCogn INSITE applications to Asbury. [Read More]

Santa Fe Ford, located in Alachua, Fla., announced Wednesday that it just celebrated its 30-year anniversary. According to company officials, the dealership that serves the greater Gainesville area is one of the largest used-car dealers in the area, as well as one the largest Ford truck dealers in the region. General Manager Greg Waitcus expressed […] [Read More]

Turning to music and Facebook to generate some buzz for its 2012 Civic, Honda recently announced the winners of a recent promotion. Taking the “Sounds of Civic” honors was Jonatan Barahona, whose original Civic Hybrid-inspired tune was chosen over the submissions of seven other finalists. The contest called for submissions via Facebook of original songs […] [Read More]

ALEXANDRIA, Va. — Last week I attended the Vehicle Finance Executive Forum in Washington D.C., with American International Automobile Dealers Association president Cody Lusk. The event, organized by the American Financial Services Association, was packed with dealers, members of the captive finance groups and industry representatives, including Damon Lester of the National Association of Minority […] [Read More]

COLUMBUS, Ohio — As Huntington Bancshares watched its second-quarter net income shoot up 15 percent from the first quarter of the year, officials explained Thursday how their auto loan portfolio significantly aided that progress. Huntington determined its average auto loan portfolio came in at $6.0 billion at the close of the second quarter. That figure […] [Read More]

SAN DIEGO — LEAP Auto Loans, an auto leasing company serving consumers who have difficulty obtaining credit, named a new director of business development for the consumer channel this week. Tapped for role is Kyle Kolsky, who is being charged with helping the company to continue its growth in this niche customer segment. LEAP highlighted that […] [Read More]