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Articles

Curb The Confusion

Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.

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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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NewsJune 17, 2014

Lithia Motors to Acquire DCH Auto

Lithia will acquire 100% of DCH Auto Group Inc.'s outstanding shares, bringing together two of the largest dealer groups in the nation.

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NewsJune 12, 2014

Manheim Announces Six Promotions

The company has promoted six of its employees to general manager positions at seven operating locations in five states.

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NewsJune 12, 2014

NADA’s Used-Vehicle Price Index Reaches New High in May

The NADA Used Car Guide’s used-vehicle price index reached a new high in May. But the NADA believes recent trends point to prices tracking back toward the firm’s predicted pricing path for the year.

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NewsJune 9, 2014

EFG Companies Awarded ASE Blue Seal of Excellence

The National Institute of Automotive Service Excellence’s Blue Seal of Excellence signifies the level of expertise and knowledge of repair shop technicians and claims administrators.

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Newsby Brittany-Marie SwansonJune 9, 2014

7 Financial Organizations Back Disparate Impact Amendment

Seven financial organizations issued a letter to the U.S. House of Representatives on May 29 in support of an amendment to an appropriations bill that would limit Justice Department litigation relying on the disparate impact theory of discrimination.

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NewsJune 9, 2014

Average Vehicle Age Remains Steady at 11.4 Years

The combined average age of all light vehicles on the road in the U.S. remained steady at 11.4 years. IHS says the average age is likely to remain at 11.4 years through 2015.

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Newsby Brittany-Marie SwansonJune 5, 2014

Dealer Group Posts All-Time Sales Record in May

Sales at Fla.-based Rick Case Automotive Group were up 28% from last year, with Memorial Day weekend sales surpassing all previous weekend sales records.

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NewsJune 5, 2014

Total Light Vehicle Sales Increase 11.4% in May, Autodata Reports

The industry SAAR jumped to 16.77 million units, up from last May’s 15.48 million-unit rate and last month’s 16.04 million-unit SAAR.

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