Such factors as high fuel costs, softer incentives and supply challenges have weighed down new-vehicle retail sales in May, leading to expectations for a rather soft summer and a slightly weaker full-year outlook, J.D. Power and Associates said Thursday. May has begun with “significant pullback” in new-car retail sales thanks to the aforementioned pressures, and […] [Read More]

Officials from eBay Mobile launched a free eBay Motors iPhone app this week in hopes shoppers can bid on or buy anything from rare parts to the latest in-demand model virtually anytime, anywhere. The company went on to highlight the free eBay Motors iPhone app is meant to make shopping for vehicles or parts and […] [Read More]

AutoTec announced Thursday the release of a new quick-start guide that focuses on the importance of place-based social media and how to use it in the auction industry. The company’s management stressed that “it’s a great time for auctions to get on the social media bandwagon.” AutoTec, the developers of AuctionACCESS, recently released its Foursquare Quick-Start […] [Read More]

Despite gasoline prices above $4 per gallon in many regions, AAA projected the overwhelming majority of Americans will travel somewhere for the Memorial Day holiday by automobile, but traveling will still be down slightly from last year. Officials calculated approximately 30.9 million people plan to drive to their destination, a small decline from the 31 […] [Read More]

OVERLAND PARK, Kan. — NCM Associates today announced an alliance with Auto Master Systems, a leading dealership management software solution provider to the buy-here, pay-here industry. The joint promotion is designed to provide AMS clients an opportunity to attend and evaluate the merits of NCM BHPH 20 Group participation at little to cost to them, according […] [Read More]

LAS VEGAS — PaymentVision, an electronic payment services company, has recently announced the launch of its 3.0 Universal Payment Processing Gateway (UPPG), which promises to offer customers easier, faster and more secure transaction processing. “PaymentVision has a proud 20 year patent-filled history of delivering best-in-market integrated payment solutions,” said Rob Pollin, president of PaymentVision. “We continue […] [Read More]

LAS VEGAS — The National Alliance of Buy-Here, Pay-Here Dealers conference concludes after several workshops today, including one featuring Chip Zyvoloski, senior attorney for indirect lending at Wolters Kluwer Financial Services, who talked about dealers needing to be prepared for possible enforcement action under a still-developing Consumer Financial Protection Bureau. Zyvoloski's presentation kicked off at […] [Read More]

Maybe only in 2008 have used-car managers faced so many inventory challenges at the same time — spiking fuel costs and wholesale prices creating major headaches about how to find units that will turn. Some welcomed relief might be ahead soon according to NADA Used Car Guide. Edmunds.com agreed but not before giving a blunt […] [Read More]

ServNet Auctions not only enjoyed more robust first-quarter sales, but they also saw stronger operational and technology capabilities, according the auction group’s chief executive officer Pierre Pons. The group’s members gathered for their Spring Owners Meeting and Meet the Owners client luncheon in Dallas, where the Dallas-area national account remarketing managers also attended. The auctions […] [Read More]

Based on the healthy results from new-vehicle dealers during the first quarter, the auto industry appears to be “well into recovery,” according to Paul Taylor, chief economist with the National Automobile Dealers Association. Total sales for new-car dealers in the first quarter climbed 22.5 percent on a year-over-year basis, the association’s latest Dealership Financial Profile […] [Read More]