As the average age of vehicles on the road continues to rise, it seems people are looking to keep their rides longer than ever.  According to a recent KBB.com home page poll, a third of respondents said they intend to keep their next vehicle purchase for 10 years or more. And this is quite a […] [Read More]

On Monday, the Michigan Wolverines and Kansas Jayhawks became the latest in a revolving door of teams taking the No. 1 spots in the NCAA men's college basketball rankings this season. But consistency seems to be the name of the game in the used-car market. The Honda Accord has continued its reign as the used […] [Read More]

Industry experts report that used prices remain stagnant for both independent and franchised dealers, with prices dropping to rates quite a bit lower than seen in 2012. CNW Research president Art Spinella said used-vehicle prices remain stagnant on both a retail and wholesale level. So far this month, prices are down 2.73 percent for franchised […] [Read More]

A couple studies released late last week focused on the service side of the dealership, with one online survey showing customers may need a bit more incentive to visit in-dealership repair shops over independent stores. The AutoMD.com survey revealed that while consumers are generally satisfied with their dealership experience, they trust independent repair shops over […] [Read More]

It seems the year is off to a roaring start in terms of used-car sales. With Edmunds.com expecting an estimated 3.21 million used cars to be sold this month — for a SAAR of 40.2 million — CNW Research anticipates the number will reach 2.3 million units, up 4 percent year-over-year. And both franchised and […] [Read More]

Store managers and finance executives now can pluck guidance from new reference books when they have situations regarding compliance with a specific federal act as well as — in the case of franchised dealerships — relationships with parent manufacturers. CounselorLibrary.com, the publisher of auto financing and leasing legal compliance services, announced the newest in its […] [Read More]

How important is your online advertising strategy? Dealers rely on customer relationship management to gauge how many shoppers are citing the Internet as incentive to visit a dealership, but this practice may not be providing accurate results, according to a recent study.  This week, AutoTrader.com released a new white paper called “The CRM Paradox,” which […] [Read More]

The most populated province in Canada is investing in energy-efficient vehicles in an effort to “move forward on its plan to become  a world leader in clean energy and manufacturing.”  The Ontario government announced an investment of almost $16.9 million toward hybrid vehicle production at the Toyota plant in Cambridge, Ontario. “The investment will allow […] [Read More]

While federal officials found the amount of recalls last year ended up as the second-smallest tally since 2000, Kelley Book Book analysts think the figure resulted in little impact on the used-vehicle market, especially in terms of pricing and shopping activity. The National Highway Traffic Safety Administration determined manufacturers filed more than 650 safety recalls, […] [Read More]

Lease customers have their own sets of requirements, needs and wants when they are searching for a new ride but a recent survey revealed these may be changing — and fast. According to survey results from a study by Swapalease.com, roughly a quarter of people seek leases with less than 12,000 miles per year; more […] [Read More]