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NewsJuly 3, 2014

CNW: Recalls Impact Used-Car Sales in June

Concerns over GM and other recalled vehicles drove shoppers to Asian and European models in June, according to data from CNW Research.

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NewsJuly 2, 2014

Adam Systems Joins F&I Express Network of Aftermarket Providers

Dealers using Adam Systems' DMS can now electronically access more than 60 F&I providers for erating, econtracting and remittance through the F&I Express platform.

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NewsJuly 1, 2014

J.D. Power: Transaction Prices Reach Record High

Transaction prices for the first six months of 2014 averaged a record $29,630. Consumer expenditures on new vehicles also reached a record high of $194 billion during the period.

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NewsJune 29, 2014

Ed Bobit, founder and chairman of Bobit Business Media, has passed away

Ed Bobit, founder and chairman of Bobit Business Media, and publisher of Automotive Fleet magazine and many other media brands, passed away this morning at the age of 86. Last summer Bobit had undergone valve-replacement surgery and had been working primarily from home. He died peacefully in his sleep.

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NewsJune 26, 2014

June New-Car Sales Strong Despite Forecasted Decline, Says Edmunds

Edmunds.com forecasts that about 1.36 million new vehicle will be sold in June, a 15.4% decline from May and a 3.1% decline from June 2013. Analysts, however, say the declines don’t mean June will be a bad month for car sales.

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NewsJune 25, 2014

Rick Case Appointed First South Fla. Alfa Romeo Dealer

To celebrate the unveiling of the new store, the group will donate the first 2015 Alfa Romeo 4C to live auction, with 100% of the bid price over MSRP being donated to charity.

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NewsJune 24, 2014

TrueCar: Car Buyers, Dealers Have “Trust Gap”

Car buyers believe that dealers make about five times more profit on the sale of a new car than they actually do, according to a new study commissioned by TrueCar.

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NewsJune 19, 2014

Pennsylvania Dealer Passes Away at 70

Frank C. Videon Jr., who was forced by General Motors to close his dealership in 2009, passed away last week after a year-long battle with cancer.

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NewsJune 17, 2014

Honda, Acura Earn Edmunds’ Best Retained Value Awards

Honda won in the nonluxury division with a projected residual value of 50.1% after five years, while Acura took home the luxury crown with a projected five-year residual value of 45.4%.

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NewsJune 17, 2014

NADA Launches Initiative to Promote Benefits of Franchised Dealers

The “Get the Facts” initiative provides online materials demonstrating the benefits of franchised dealerships, which the association is encouraging dealers to share on their own websites.

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