Led by a nice boost in the number of late-model vehicle sales, the total value of all used cars sold last month climbed 15 percent year-over-year and reached $33.53 billion, according to data and analysis from CNW Research. That figure includes used cars sold by franchised and independent dealers as well as those sold by private […] [Read More]

The data makes one thing fairly clear about incentive spending: it’s substantial these days. But how are incentives really impacting used-car values? And is elevated spending enough to cause a panic? NADA Used Car Guide’s Jonathan Banks and Larry Dixon took a close look at the impact of incentive spending — plus a multitude of other factors […] [Read More]

It could be a whopper of a month for used-vehicle sales, if a forecast from TrueCar bears out.  The company is calling for nearly 3.1 million used-vehicle sales by the end of November. Specifically, TrueCar’s estimate is for the used market — including franchised and independent dealers plus private-party transactions — to exceed 3,079,327 sales […] [Read More]

Expect monthly used-vehicle sales for November to end up a good bit softer than they were in October, but the seasonally adjusted annualized rate should actually be about 2 percent higher. An Edmunds.com analysis released Monday is predicting an estimated 2.64 million used sales for November, down from 2.96 million in October. However the used-car […] [Read More]

With the Los Angeles Auto Show in high gear this week and new models launching, ALG — the analytics division of TrueCar — has shared some data and analysis on how well these vehicles may hold their respective values. Below is ALG’s data as well as thoughts from vice president of industry insights Eric Lyman […] [Read More]

The political action committees of the National Independent Automobile Dealers Association and National Auto Auction Association announced they have made a joint contribution to Sen. Tim Scott, a Republican from South Carolina, in conjunction with last week's NIADA National Leadership Conference and Legislative Summit in Washington D.C. In addition, NIADA PAC announced a contribution to […] [Read More]

The Baltimore Ravens are on the cusp of winning Super Bowl XLVII. President Barack Obama is being sworn into his second term. Most of us (for better or worse) have yet to hear the song “Blurred Lines.” That was January 2013. It was also the last time that vehicle incentive spending did not show annual growth. […] [Read More]

Today, we focus on the road to ultimate business success. This is powered by a growing customer base, increasing loyalty and customer retention. Here are some innovative marketing ideas to increase your competitive edge by delivering more value to women customers. 1.  Buy a Car in Less Than 2 Hours Do you know it currently […] [Read More]

As election results came in last week, the polls showed one West Virginia auto dealer caused quite an upset. Mark Maynard, who owns a small towing business and car lot in Genoa, W. Va., overcame 32-year incumbent Truman Chafin in the 6th District of West Virginia’s Senate race. Chafin has held the position from 1998 […] [Read More]

Veteran’s Day is a fine occasion to give thanks where thanks is due — to those who sacrifice to serve and protect our nation. There are also those in our industry who go the extra mile to help give back to veterans, year-round, who are looking for work. One such company, in particular, announced today […] [Read More]