It appears that brands known throughout the years for luxury and status are now being equated with fuel efficiency and economic value, according to a report on Forbes.com. In light of this emerging trend, Forbes.com offered a list of luxury rides with fuel economies of 30 miles per gallon or higher. The number of luxury […] [Read More]

The new-vehicle market will likely hit the pre-recession norm of 16 million annual unit sales the year after next, according to a study from  the A.T. Kearney consulting firm, which is projecting 2011 new-vehicle sales will reach 13.2 million units. Furthermore, the firm suggests that the new- and used-vehicle markets are apt to benefit from […] [Read More]

Earlier this week, Auto Finance Big Wheels spotlighted the 10 largest auto lenders in the U.S. for 2010 and at the top of the rankings was a finance company that certainly had some challenges to hurdle during the year: Ally Financial. According to the report — which is published by the Auto Finance Advisors consultancy […] [Read More]

AutoTrader.com thinks its April traffic data backs up why the majority of potential buyers are likely looking closely at the fuel-efficient segment of dealers’ inventories. Furthermore, a study conducted by AutoTrader.com in March and April showed that 62 percent of shoppers are considering purchasing a vehicle that is more fuel efficient than the unit they […] [Read More]

TrueCar.com announced Tuesday its April Performance Scorecard results, ranking manufacturers and brands on various criteria, including sales and customer loyalty. Though luxury brands were in the mix at the top,  a couple of non-luxury automakers found themselves on equal footing.   Porsche recieved the highest grade by manufacturer with an A+, with Hyundai and BMW […] [Read More]

ADESA and Toyota Financial Services unveiled their new online auction platform on Tuesday, giving Toyota and Lexus dealers a new version of Dealer Direct that includes a slew of new features and upgraded functionality. Dealer Direct lets Toyota and Lexus dealers buy off-lease units prior to them being sold at physical auctions. [Read More]

DealerTrack said this week General Motors has certified DealerTrack’s customer relationship management/Internet lead management system for deployment by GM franchise dealers using the DealerTrack dealer management system. Officials contend that the combination of DealerTrack’s CRM/ ILM systems with a dealership’s DMS can give store managers a complete end-to-end solution for customer communications, from prospecting and […] [Read More]

As part of its PowerUp series, Carfax is hosting a free online seminar later this week that is designed to help dealers boost their online profitability. Featured in the Webinar — scheduled for noon (EST) on Friday — will be Carfax’s Chad Goodson and HomeNet Automotive’s Mike Mitson. [Read More]

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ATLANTA — As the National Alliance of Buy-Here, Pay-Here Dealers national conference goes into full force, attendees will have the opportunity to gain insight from many experts, including those from Manheim. At the conference that kicks off today, four Manheim representatives will discuss issues and subjects including floor planning, social media and mobile technology and […] [Read More]