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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%.
Read More →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.
Read More →Auto/Mate’s DMS is now integrated with SMI’s DriveService and DriveSales solutions. For users of both solutions, the connection ensures that customer information updated in the DMS will be updated in SMI's customer communications.
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Lithia will acquire 100% of DCH Auto Group Inc.'s outstanding shares, bringing together two of the largest dealer groups in the nation.
Read More →The company has promoted six of its employees to general manager positions at seven operating locations in five states.
Read More →The House Financial Services Committee passed a bill this week that would bring more transparency to the CFPB’s guidance-making process. If approved by Congress, it would effectively repeal the bulletin the bureau issued last year on indirect auto lending.
Read More →Police identified the man who abandoned a burning 2008 Lamborghini Murcielago on the New Jersey Turnpike as the CEO and president of an auto group.
Read More →The Idaho Attorney General has reached an agreement with a dealership that will prohibit it from engaging in harassing debt collection or repossession acts or practices. The dealership also resolved several consumer complaints.
Read More →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.
Read More →A dealership manager was ordered to pay at least $50,000 for keeping money given to him by customers for extended service contracts.
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