They may not get a whole lot of attention, but used-vehicle leases have gained quite a bit of steam in the past year and may eclipse the 1 million mark for 2011, according to CNW Research. In eight of the first nine months of 2011, the number of used leases has climbed on a year-over-year […] [Read More]

A recent study released by Dealer.com further enforces the fact that social media is increasingly tied to dealers’ daily sales as well as customer loyalty. The  Internet marketing solutions company teamed up with DriverSide and GFK Automotive to conduct a study titled, "The Rise of Loyalty, Advocacy and Influence: Social Media and the New Automotive […] [Read More]

For the second month in a row, the same three brands set all-time records for certified pre-owned sales, according to Autodata Corp., which said the overall CPO market in September beat year-ago figures and continued to outpace 2010 on a year-to-date basis, as well. Overall, certified sales increased 4.6 percent year-over-year and hit 141,516 units […] [Read More]

Based on September new-vehicle sales, TrueCar discovered the average fuel economy has grown on vehicles consumers are purchasing. According to the company, the TrueMPG increased to 22.0 miles per gallon from 21.4 mpg in the same month a year ago. The September reading also represents an uptick from August when the TrueMPG stood at 21.7 mpg. “Hyundai […] [Read More]

Cherokee Automotive Group has announced that early registration for the National Remarketing Conference, as well as the other two Used Car Week Conferences, the CPO Forum and the Re3 Conference, will be ending Oct. 14. “If you are planning to attend any or all of the 2011 Used Car Week Conferences, now is the time […] [Read More]

A bevy of automakers have put a great deal of emphasis and investment into technological amenities within the cars they build these days, with the bells-and-whistles running the gamut of navigation to infotainment and more. Likewise, many car companies have upgraded the performance features in their vehicles to create more reliable, higher-quality product for today’s […] [Read More]

Amid what he called a “tough” and “worrisome” September that perpetuated the topsy-turvy Canadian new-vehicle sales, one of the bright spots pointed out once again by analyst Dennis DesRosiers, was Chrysler. The previously embattled Big 3 company has an outside shot — albeit slim — at bumping General Motors from the No. 2 spot for […] [Read More]

The Montreal Automobile Dealers Corp. and NADA University have broadened their training partnership to give the Quebec association’s dealer members three additional courses, each of which is taught in French. Late in 2010, the organizations rolled out the pilot course of their partnership, which delved into parts operations. Following the successful pilot, NADA U and […] [Read More]

The National Vehicle Leasing Association announced it has changed the date for its annual conference. The NVLA conference will now be held April 23–25 at the Renaissance Worthington Hotel in Fort Worth, Texas.  The organization also noted one of the highlights of the 2012 conference is a special track on the lease-here, pay-here business. Other […] [Read More]

September marked the fourth straight time new-vehicle transaction prices have fallen on a sequential basis, resulting in a five-month low for what new cars are fetching, according to TrueCar. Specifically, the average new-car transaction price was $29,439 during the month. This is 1.2-percent higher than the year-ago figure but is off modestly (0.1 percent) from […] [Read More]