The Federal Trade Commission recently completed its systematic review of the Cooling-Off Rule and determined that no changes to the rule are warranted that would have impacted dealers. In making this determination, the National Automobile Dealers Association indicated the FTC rejected several proposed changes to the rule that would have affected dealers, including a proposal […] [Read More]

PureCars said Tuesday afternoon it has generated $5 million in new equity capital from Gemini Investors and Stage 1 Ventures that can help the company bolster its offering for dealerships. The auto technology company aims to work with dealerships of all sizes to “optimize returns on digital marketing and increase sales.” It debuted in 2007 […] [Read More]

Safe-Guard Products International, an F&I provider in the auto industry, announced recently it has been purchased from H.I.G. Capital by an affiliate of Goldman Sachs, in partnership with management. [Read More]

Showing some softening as the year wound down, the latest RDN Monthly Analytics Update indicated November recovery volumes decreased 4 percentage points from October levels, halting a string of consecutive month-over-month jumps. Furthermore, the November reading came in 1 point below year-earlier levels. Also registering downward movement, RDN indicated November recovery orders ticked 7 percentage […] [Read More]

Fresh off a remarkable 2012 in the certified pre-owned market, four brands have confirmed to Auto Remarketing, as of press time, that they achieved record full-year certified pre-owned sales. According to their respective CPO leaders, 2012 was the best year ever for certified at Volkswagen and for American Honda’s flagship brand, and the year was […] [Read More]

When Edmunds.com considered the Top 10 trends expected for 2013, an even higher increase in auto loans to subprime consumers made the list. Senior analyst Jessica Caldwell stated several times during a conference call on Thursday that the subprime market is an area of growth. [Read More]

Auto Remarketing recently celebrated another milestone within its social-media platforms. Hitting the landmark last week, the Auto Remarketing group on LinkedIn now has more than 4,000 members. Since reaching the 1,000 member mark in 2011, the community has rapidly expanded and includes leaders from a vast cross-section of the used-car business. This list includes executives […] [Read More]

With close to an additional half-million lease returns expected to flow into the market this year, dealers likely will have a healthier dose of used vehicles on their lots, say analysts with Edmunds.com, who believe that the average price of a used car should drop by hundreds of dollars. [Read More]

As the holidays wrap up and dealers and industry experts alike turn to face the new year, 2013 kicks off with the inaugural Canadian Automobile Dealers Association’s annual summit. The 2013 summit offers a variety of industry-leading speakers and panelists and is scheduled for Feb. 13 at the Hilton Toronto. “Join us for an in-depth […] [Read More]

It was the best used-vehicle market in five years, according to CNW Research, which said Wednesday afternoon that 2012 full-year used sales reached 40.5 million units. This marked a 4.5-percent year-over-year gain and was the market’s strongest yearly sum since 2007. Franchised dealers commanded close to 37 percent of the used-car market, CNW said, with […] [Read More]