CNW Research is projecting April’s softening used-vehicle sales trends are likely spilling into May as asking prices for these used-models rise. “On the heels of a slight decline in April, May is again looking like it will see slightly lower sales than year ago,” president Art Spinella surmised. “All of May’s decline can be attributed […] [Read More]

Audi of America identified its top performing U.S. dealerships throughout 2010, a year that saw the brand and its retail partners post record sales results. In all, 113 Audi dealerships earned the 2010 Magna Society recognition through what officials described Monday as “providing superlative customer service while achieving strong overall business performance.” Audi reiterated that […] [Read More]

There has only been one week in the past year where Black Book has made more wholesale value adjustments per day than it did last week, managing editor Ricky Beggs said in his latest report released Monday. Specifically, there were close to 2,100 changes in wholesale pricing made each day last week, according to the […] [Read More]

An unintended acceleration-related lawsuit against Toyota has been given the OK by a U.S. District judge to continue, plaintiff attorneys said Monday. A statement released Monday said that the ruling from Judge James Selna of the U.S. District Court for the Central District of California indicated that there was enough evidence from the plaintiff attorneys […] [Read More]

Dealers might need to keep a deep pool of fuel-efficient models in inventory no matter how much gas prices climb or fall. The Consumer Federation of America said Monday that its recent survey reinforced the belief that consumers are growing more aware that higher fuel economy offsets higher vehicle costs. CFA’s assertions showed that based […] [Read More]

General Motors has not wasted any time in planning how to use the $2 billion the company recently allotted for U.S assembly and component plants, an investment which aims to create or retain more than 4,000 jobs across the country. On Friday, GM officials announced they would be investing $109 million of the larger sum […] [Read More]

NADA Used Car Guide announced Monday the launch of a redesigned website that features improved functionality and a more modern design, officials noted. The design for the new website focuses on user-friendly and streamlined navigation, increased industry related content and more accurate search capabilities, according to NADA Used Car Guide. Website enhancements include: [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;} BANDON, Ore. — CNW Research spotted an encouraging trend for franchise dealers working with […] [Read More]

DALLAS — Auto affordability showed no sequential change in the first quarter, but average car loan rates climbed to a two-year high and consumers were buying pricier vehicles, according to Comerica Bank. Those two factors could lead to auto affordability falling, the bank indicated. Specifically, it required 23.2 weeks of median family income to buy […] [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;} GREENWOOD VILLAGE, Colo. — Auto Portfolio Services recently became a national member benefit partner […] [Read More]