TrueCar.com wanted to get a better understanding of the youngest demographic of vehicle buyers — consumers ages 18 to 27 — better known as Generation Y. What brand vehicles should dealers stock so they can reel in these young purchasers? Of the top 10 that site analysts listed, not one was a domestic badge. According […] [Read More]

The Pre-Owned Automobile Dealers Alliance recently released a white paper that describes the pros and cons of various non-manufacturer certification programs and helps guide dealers in choosing a certification program for their non-brand, or other makes and models, vehicles. The white paper, “Certified Profit Potential: Increase Your Profits with an OMM Certification Program,” can be […] [Read More]

The production fallout from the Japanese earthquake kept import automakers’ June new-vehicle sales static on a year-over-year basis, but these brands were able to improve double digits from May, according to the American International Automobile Dealers Association. What’s more, AIADA suggested that typical levels for production and sales for import brands should soon be upon […] [Read More]

General Motors is rolling out a special offer on 2010, 2011 and 2012 Chevrolet, Buick, GMC or Cadillac vehicles for consumers in Oregon and Washington. The automaker is now offering insurance for a year included in the delivery of the vehicle. Purchases made from July 5 to Sept. 6 will receive a one-year insurance policy […] [Read More]

Black Book Online announced Wednesday that it is now providing its Activator Complete lead-generating module for Asbury Automotive Group, which will include the product on 52 of its dealerships’ websites. Activator Complete collects the following information from shoppers on a dealer’s website: the make/model in which the shopper is interested, the trade-in value of the […] [Read More]

Kain Automotive revealed this week it will be holding a two-day workshop designed to share digital marketing and social media tools, tactics and tips to help dealers move more units off their lots. The internet sales training and digital marketing company aims to offer dealers a way to build a “favorable online reputation,” it noted. […] [Read More]

HANOVER, Md. — The Federal Trade Commission announced its second auto dealer roundtable is to be held Aug. 2-3 at the St. Mary's University School of Law in San Antonio. The FTC says it wants Roundtable II to focus on financing for service members, credit discrimination and financial literacy. What can we expect from Roundtable […] [Read More]

IRVINE, Calif. — Consumer Portfolio Services revealed this week it received a NASDAQ staff deficiency letter on June 30. The letter indicated the company had failed during the 30-business day period that ended June 28 to comply with the minimum public float requirement, as required by NASDAQ Rule 5450(b)(3)(c). Officials stated a minimum public float […] [Read More]

PITTSBURGH — Chase Auto Finance recently expanded its Custom Finance office in Pittsburgh to better serve needs of dealers in Pennsylvania and West Virginia. The new office is located at 4075 Monroeville, Blvd., Suite 400 in Monroeville, Pa. The office currently encompasses a team of 10 underwriting, funding and collections professionals, according to management. Paul Masten, […] [Read More]

MASON, Ohio — Security National Automotive Acceptance Corp. recently announced that it made a donation to The Thank You Foundation, an Ohio-based charity that assists veterans, active duty personnel and their families during times of need. At a private gathering, SNAAC president Brian McDonald and vice president of sales Rich Oakes presented Tracy Braden, president of The […] [Read More]