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Auto Industry

High Mileage, High Demand

F&I product providers and agents are keeping a close eye on used-vehicle prices, which they say are trending right into the hands of F&I offices.

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KBB Raises 2015 Sales Forecast to 17.1 Million Units

Kelley Blue Book said today that it expects June sales to total 1.5 million units, which would push first-half and second-quarter sales totals to their highest levels since 2005. The firm also raised its 2015 sales forecast from 16.9 million to 17.1 million.

Taking Over

David Westcott is stepping into the 2013 NADA chairman role at an exciting and promising time for the industry.

December and Year-End Sales Spike

Carmakers reported a favorable December and year-end sales. Mercedes and BMW posted record sales for the year, while Mazda realized its best December since ’94. Volkswagen also posted its best month since 1970 and its best year since 1973.

SureSale Launches New Marketplace for Participating Dealers

SureSale, which offers a certified pre-owned marketing program, has launched a new marketplace for participating dealers to market their pre-owned inventory.

Back on Track

Below-prime financing surpassed pre-recession levels in the second quarter. But is this trend dangerous for the future health of auto finance?

Entry-Level Cars Most Volatile Car Segment, Black Book Reports

Black Book’s senior analyst Ricky Beggs reveals the most volatile wholesale auto segments over the last three months.

Young Shoppers Buying Again

J.D. Power and Associates finds that young buyers are resurfacing on dealer lots, but they're buying power remains below pre-recession levels.

Auto Accounts for 13 Percent of All State Tax Revenues, Study Finds

The production, sales and service and use of automobiles contributed $91.5 billion to state government tax revenues in 2010 and at least $43 billion to federal government tax revenues