The Showroom

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February 16, 2017 - Industry News

Used-Vehicle Market Bracing for Off-Lease Tidal Wave

While low interest rates and consistent values are making it possible for the market to absorb the wave of newer, more expensive off-lease vehicles, demand for older, less expensive vehicles hasn't waned. But with fewer older vehicles available, sellers will be at a disadvantage, Edmunds said this week.

Tags: Edmunds, Inventory Management, Off-Lease Vehicles, used-vehicle values

February 16, 2017 - Industry News

eBay: Car Buyers Will Buy Online

Will consumers buy cars online? Results of a new two-part consumer survey conducted by eBay Advertising shows they will.

February 15, 2017 - Industry News

Lithia Grows F&I, Catches Acquisition Fever in 4Q

Lithia Motors executives reported a new company record for F&I profits and promised to maintain the group’s aggressive growth strategy in 2017.

February 15, 2017 - Industry News

Black Book: Luxury Depreciation Spikes

Luxury vehicles continued to struggle last week, as the segment realized some of the highest depreciation rates among all segments, according to the vehicle valuation firm.

Tags: Black Book, Depreciation, Luxury Vehicles, Used Vehicles

February 15, 2017 - Industry News

No Sedans Among KBB’s Top 12 Family Cars

The 2017 Honda CR-V is the top seller among the two-row SUVs Kelley Blue Book included in its latest list of top family vehicles. Photo courtesy American Honda Motor Co. Inc.

Kelley Blue Book’s list of the best family vehicles for the 2017 model year includes eight SUVs, four minivans, and no sedans.

Tags: Chevrolet, Chrysler, Honda, Kelley Blue Book, Kia, Nissan, Subaru, Toyota

February 14, 2017 - Industry News

U.S. Dealers Added Stores, Lost Sales in 2016

Texas dealers led the nation by adding 15 new rooftops in 2016, according to a new report from Urban Science. Photo by LoneStarMike

Urban Science analysts said average per-store sales in the United States fell by a single unit in 2016, despite a slight uptick in rooftops and franchises.

February 13, 2017 - Industry News

Subaru Tops KBB's 5-Year Cost to Own List

Photo courtesy of Subaru.

Subaru and Acura ranked as the top automotive brand in Kelley Blue Book's annual 5-Year Cost to Own awards, which highlights the top luxury and non-luxury brands in 21 vehicle categories.

Tags: Acura, Depreciation, Kelley Blue Book, Subaru

February 13, 2017 - Industry News

ALG Sets Bolt EV's Residual Value

The 2017 Chevrolet Bolt EV should retain as much as 39% of its value after three years of retail leasing, which is significantly better than other mainstream competitors, according to ALG.

Tags: ALG, Chevrolet Bolt, Electric Vehicle

February 13, 2017 - Industry News

LeasePlan Names Schlesinger President, CEO

Jeff Schlesinger was named president and CEO of LeasePlan USA, a fleet management company. Schlesinger succeeds Mike Pitcher, who retired as president and CEO at the end of 2016.

Tags: GE Capital, Jeff Schlesinger, LeasePlan USA

February 8, 2017 - Industry News

F&I Delivers for Asbury in Q4 2016

The group’s F&I operations posted a $60 increase in F&I profit per vehicle retailed during a quarter in which the nation’s eighth largest auto retailer chose volume over margin.

Tags: Asbury Automotive, F&I products, F&I profit per vehicle retailed, new-vehicle sales, used-vehicle sales

February 8, 2017 - Industry News

Jumpstart: Alfa Romeo, Ford, Kia Had Best Super Bowl Commercials

Alfa Romeo's "Dear Predictable" ad took the top spot in Jumpstart's rankings of Super Bowl car commercials. Photo courtesy Alfa Romeo USA

Jumpstart Automotive Media released its annual report listing the Super Bowl car commercials that drove the most online engagement.

February 8, 2017 - Industry News

Volvo Offers Factory Sales to V90 Buyers

A 2017 V90 wagon rolls off Volvo's Gothenburg, Sweden, assembly line. Photo courtesy Volvo Car USA LLC

Volvo Car USA LLC announced that buyers of the 2017 V90 wagon can order their vehicle direct from the OEM’s Gothenburg, Sweden, factory. The service can be initiated online or at a Volvo dealership.

February 8, 2017 - Industry News

ABN Earns GM’s DTAP Certification

Automotive Broadcasting Network has joined the ranks of companies certified by General Motors' Dealer Technology Assistance Program.

February 7, 2017 - Industry News

Rico Glover to Speak at NYC Event

ADT contributor Rico Glover and his team from Bryan Honda will deliver a presentation on dealership digital marketing in New York City next month.

February 7, 2017 - Industry News

Brandon Honda, Sun Toyota Win DealerRater Consumer Satisfaction Awards

Brandon Honda and sister dealership Sun Toyota are winners of DealerRater’s 2017 Consumer Satisfaction Award, an annual recognition given to auto dealerships in the United States and Canada that deliver outstanding customer service as rated by online consumer reviews.

Tags: Brandon Honda, Customer Reviews, Dealerrater, Sun Toyota

February 7, 2017 - Industry News

Cardone Endorses VinSolutions' Connect CRM

According to officials, this is the first time the sales expert and trainer has endorsed a dealership software solution in his more than 30-year career.

Tags: CRM, Dealership Solutions, Grant Cardone, VinSolutions

February 2, 2017 - Industry News

Last Chance: Podium to Present Webinar on Online Review Management

Register to learn about how online reviews can enhance your online reputation, get you noticed on top sites, and drive customer purchase decisions.

Tags: Dealerrater, Edmunds, Google, online reputation management, online reviews, Podium, Yelp

February 2, 2017 - Industry News

AutoNation Promotes Berman to President

AutoNation has named William "Bill" Berman president and COO of the public dealer group. The 30-year auto retail veteran replaces Mike Jackson, who remains the company's chairman and CEO.

Tags: AutoNation, Marc Cannon, Mike Jackson, William Berman

February 1, 2017 - Industry News

VW Settles Civil Claims for 3.0L Diesels

Volkswagen has agreed to pay $1.2 billion to buyers of vehicles powered by its emissions-violating 3.0L V-6 diesel engine as part of a settlement that still requires approval from the U.S. Federal Trade Commission and a federal judge.

Tags: Federal Trade Commission, Volkswagen, Volkswagen Scandal

February 1, 2017 - Industry News

Pearl Technology Completes Integration With RouteOne

Through RouteOne’s online credit application and econtracting platform, users of Pearl’s Showroom Xpress digital retail platform can contract car buyers on mobile devices and websites.

Tags: digital retailing, eContracting, online credit application, Pearl Technology, RouteOne, ShowroomXpress

February 1, 2017 - Industry News

Average Transaction Price Rises in January

A sales mix in favor of utility vehicles drove up January’s average transaction price 3.3% from a year ago to $34,968. Among the greatest beneficiaries were the Detroit Three, with General Motors leading the way.

Tags: Average Transaction Price, Kelley Blue Book, new-vehicle sales

February 1, 2017 - Industry News

Black Book: Weekly Used Luxury Car Prices Tumble

While the truck segment realized its best week in terms of vehicle depreciation last week, values for used luxury cars tumbled, according to Black Book’s Jan. 31 Market Insights Report.

Tags: Black Book, used-vehicle values, wholesale values

February 1, 2017 - Industry News

Lease Volume Reaches Record High in 2016, Edmunds Reports

Leasing accounted for 31% of new-vehicle sales in 2016, up from 29% in 2015. And according to the vehicle information, nearly one-third of all millennials turned to leasing to secure a new vehicle.

Tags: Auto Sales, Edmunds, vehicle leasing

January 31, 2017 - Industry News

ChannelNet Adds Three to Leadership Team

The digital marketing solutions provider named Chris Sims CTO, Joe Karle vice president of account management for the Midwest United States and Canada, and K.C. Loughlin vice president of dealer sales and service for the United States and Canada.

January 31, 2017 - Industry News

Two ProMax Execs Become Owners

ProMax Unlimited CTO Darian Miller and COO Shane Born acquired minority ownership stakes in the software company.

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