The International Automotive Remarketers Alliance will commemorate its 10th anniversary when it convenes next month in Dallas for the annual IARA Summer Roundtable, which will include a host of industry leaders, such as Manheim Consulting’s Tom Webb and longtime General Motors executive Bob Lutz. The event is scheduled for Aug. 16-17 at the Westin Galleria […] [Read More]

Larry H. Miller Group announced Thursday that its founder’s first dealership has a new home. The Toyota dealership that was the first to be bought by Larry Miller back in 1979 will be open to the public again this Wednesday at 11 a.m. at its new location, 5650 South State St. in Murray, Utah, announced […] [Read More]

Is the Prius really so valuable? A Toyota dealership recently announced it bought one of these used models back from a customer after more than a year for $1,500 more than it was originally sold for. Is this the result of high gas prices, the impact of the Japanese quake on supplies or what? The supply level of […] [Read More]

Dealers realize every wholesale auction transaction whether in-lane or online centers on one key question: What’s the value of this unit? To give more clarity to that issue, Manheim recently introduced a new feature on OVE.com, allowing buyers to “make an offer” and suggest the value they think a vehicle is worth on designated Buy […] [Read More]

Chicago-area dealer John Nelson says he’s not sure whether or not this new gas promotion from Wal-Mart will actually lead to increased sales at his store or help give his customers more spending power, but he definitely sees it catching consumer attention. The business operations manager at Mercedes-Benz of Hoffman Estates said this new promotion can’t hurt sales […] [Read More]

A decision made this week by the U.S. Environmental Protection Agency is particularly important to dealers who handle vehicles from the 2000 model year and older. The EPA issued fuel pump labeling and other requirements for gasoline blends containing more than 10 percent and up to 15 percent ethanol, known as E15. These requirements will help […] [Read More]

Saab’s parent company Swedish Automobile announced Wednesday that it has paid its employees’ wages for June, secured a 25 million euro loan and expects to resume full production within two weeks. The convertible bridge loan agreement providing the automaker with more short-term funding was made with Bahamas-based Gemini Investment Fund Limited. The loan agreement, with […] [Read More]

ShipCarsNow aims to offer dealers and remarketers the ability to access auto transport quotes from their smartphones via its new mobile application. ShipCarsNow Mobile provides shippers with the ability to make quick, informed purchase decisions when buying wholesale inventory, noted the company. The application is available free of charge for iPhone and Android smartphones and will […] [Read More]

NASHVILLE, N.C. — The federal and state rules, regulations and statutes for operating as an independent automobile dealer are constantly evolving. The risk of not adapting your business practices to those changes exposes you to ever-increasing liability. Simply stated, there are several previously acceptable methods of doing business that are now considered "unfair and deceptive." […] [Read More]

HANOVER, Md. — With data from additional participants revealing trends about funding availability and more, the National Automotive Finance Association recently announced its 2011 Below-Prime Automotive Financing Survey has been published. Officials highlighted the survey — conducted by outside consultant BenchMark Consulting International — presents aggregated data from 28 participants, up from last year. Of […] [Read More]