CarMark Auto Finance is hosting a free webinar on Thursday that will explore the details behind a new residual-based financing option that can help dealers greatly reduce monthly payments for their customers. Leading the “CarMark Auto Finance: A New Residual-Based Finance Program” webinar is David Ruggles, manager of CarMark Auto Finance. The event is scheduled […] [Read More]

With gas prices high, commuting and the amount of money it takes to get from home to work and back again has high priority on consumers’ minds these days. And according to AAA, 86 percent of Americans rely on their vehicle to get them to and from work every day. In what could be an […] [Read More]

Spring is under way, and the American International Automobile Dealers Association is gearing up for the AIADA 7th Annual International Auto Industry Summit in the nation's capitol later this season.  And Jenell Ross, AIADA chairwoman, highlighted a few reasons why she never misses this event on her blog, noting she considers AIADA’s spring meeting to […] [Read More]

When we talk about human nature, we’re talking about conditions that are basic to all of us, so what we’re really talking about is a tremendous natural resource that can be studied and used to further our own purpose. Once you have a basic understanding of the prey you are hunting, the task becomes not […] [Read More]

After reviewing data from the fourth quarter of last year, Experian Automotive said today that Ford took the top spot in corporate loyalty. It’s the first time the Blue Oval has secured this achievement since the closing quarter of 2011. During the fourth quarter of 2012, analysts determined 47.9 percent of the customers who own […] [Read More]

Used-vehicle sales will approach 2.9 million units this month, according to estimates from TrueCar.com released this morning. The site is projecting a new-to-used sales ratio of 1:2 for March. This prediction follows the forecast of CNW Research earlier this month, which called for 2.95 million used sales. Each forecast includes numbers for franchised and independent […] [Read More]

The fewer problems a buyer has with a vehicle purchased, the more likely he or she is to return to a dealer’s lot. The bottom line: Selling dependable rides can help dealers foster customer loyalty. To show dealers what units customers should be looking for to find a safe, reliable ride, J.D. Power and Associates […] [Read More]

Kelley Blue Book released its 2013 Brand Image Award winners on Monday as Honda took the honor for best overall brand for the second year in a row. Honda also collected two other accolades in this KBB award program, taking the nod for most trusted brand and best value brand. “We are honored to be […] [Read More]

For stores and groups that depend on dealer reserve as a crucial piece of F&I income, industry associations are already out to keep indirect financing in place as legal experts see the latest move from the Consumer Financial Protection Bureau putting it in jeopardy. The CFPB made the connection between dealer reserve and potential discriminatory […] [Read More]

As supply loosens and the industry looks forward to the promise of more off-lease supply this year and beyond, downward pressure to used-car prices may change the prices on the lots a bit this spring. An entry in Cars.com’s "Kicking Tires" blog indicated that late-model used-car prices saw a "very slight" decline in March, with […] [Read More]