In light of the supply dearth, several Japanese models are seeing significant gains in the number of consumers looking to buyout existing leases on the vehicles, according to LeaseTrader.com. The shoppers see this as an alternative method of car buying, the site indicated. What’s more, with high used values on these units, some customers will […] [Read More]

In today’s digital business environment, automakers are turning more and more to alternative methods to showcase their products to consumers. Ford, for one, has jumped into a rather unique advertising platform with its marketing program revealed last week. The automaker is hoping to generate exposure for its Fiesta and Edge products by reaching out to […] [Read More]

Automotive Resources International recently welcomed its area’s U.S. House representative to its global headquarters, connecting with the elected official whose family has history in the auto industry. ARI hosted Rep. Jon Runyan, who represents New Jersey’s 3rd District, so the congressman could gain a better understanding of ARI, parent company Holman Automotive Group, and the […] [Read More]

Carfinco Income Fund saw its pre-tax earnings hit an all-time high for the eighth consecutive time during the first quarter, as the company enjoyed closed to a 70-percent gain from the year-ago period. Specifically, Carfinco pulled in pre-tax earnings of $5.5 million, a 69.2-percent year-over-year increase. This pushed Carfinco’s record streak to two full years, […] [Read More]

Canadian Black Book has rolled out a new online product for dealers that is designed to help when it comes to online lead generation and used-vehicle sourcing. Lead Link can help dealers to: —Offer information to help attract more customers. —Connect with website customers. —Offer a third-party appraisal via Canadian Black Book.. —Trim time off the […] [Read More]

May wholesale values dropped more than 6 percent from April, according to the latest ADESA Canada Used Vehicle Price Index report, which indicated that every vehicle segment saw its auction price fall, something that has not happened in six months. More specifically, ADESA’s data — powered by ALG Canada — indicated that the index showed […] [Read More]

As they struggle to fulfill inventory needs on both the new-car and used-car sides this summer, Toyota dealers received some positive news Thursday. The automaker revealed it expects North American production levels will be fully restored in September. So why is this such good news? When a dealer can’t offer a new-vehicle option to a consumer, the […] [Read More]

You can’t blame it all on the economy. That’s one of the three messages that Grant Cardone hopes car dealers will take away from watching him help turnaround the business of one of their brethren in the premiere episode of the new show Turnaround King, which is set to begin at 9 p.m. EST Sunday […] [Read More]

The wholesale market hit a five-week high for daily value adjustments last week and experienced the greatest overall decline in more than a month, according to Black Book managing editor Ricky Beggs. In fact, since mid-February, there have only been two other weeks that have exceeded the $29 decline shown last week, Beggs said in […] [Read More]

Manheim announced a strategic partnership with Renovo Services to begin selling repossessed vehicles directly from secured storage facilities across the country.  The recent agreement means Renovo will list its repossessed vehicles directly on OVE.com, allowing dealers faster access to vehicle inventory. Once a vehicle is purchased, it will be transported directly from one of Renovo’s […] [Read More]