Latest Online Edition  Read Here

THE GOOD FIGHT: Paul John, executive director of the Georgia Independent Automobile Dealers Association, discusses how the association fought against state legislation that would have raised the taxes on used-car purchases.

Latest News

New Car Prices Come in Flat

Wednesday, 04 October 2017 00:32

The estimated average transaction price for light vehicles in the U.S. was $34,861 in September, according to Kelley Blue Book.
New-car prices increased by $144 (up 0.4 percent) from September 2016, while remaining flat from August.
Incentives are still rising and averaging nearly 11 percent of transaction prices.
General Motors is the only major manufacturer declining year-over-year, down 3 percent. The only brand to see increases for General Motors was Buick.

Nissan, Infiniti Inventory Opens to Independents

Tuesday, 03 October 2017 00:27

RMS Automotive and Manheim are offering a new co-listing capability to give independent dealers access to all open sale vehicles listed on RPM, the Nissan and Infiniti digital sales platform powered by RMS Automotive.
The open sale inventory on RPM will be simultaneously co-listed on Manheim.com and OVE.
By clicking on a co-listed vehicle, Manheim and RMS Automotive use sign-on authentication to direct dealers to Nissan and Infiniti’s private label website where they can evaluate, bid, buy and make offers. Facilitations of this pre-lane inventory are handled by the Manheim digital marketplace and are offered with a sliding scale buy-fee based on vehicle price.
Nissan and Infiniti have conducted closed franchise sales and grounding returns on the RPM technology platform with RMS Automotive since May 2016.

Popular News

The Conference Board Consumer Confidence Index, which had improved marginally…
Jumpstart Automotive Media released its monthly share of shopper interest…
New-vehicle sales are expected to rise 1 percent year-over-year to…
Hearst Autos announced the opening of its new permanent office…

Incentives Reach All-Time High

Monday, 02 October 2017 00:12

Incentives have reached all-time highs as manufacturers continue with aggressive discounting to clear out record inventories of prior model year vehicles. 
J.D. Power and LMC Automotive report that average incentive spending per unit to date in September has set a new record at $4,050, surpassing the previous high of $4,024 in November 2016. 
Spending on trucks and SUVs is $4,044, up $206 from last year. Spending on cars is $4,062, down $38.
Incentives as a percentage of MSRP are at 11.1 percent so far in September, exceeding the 10 percent level for 14th time in the past 15 months.

Used Car Sales Slow as New Car SAAR Hits High

Thursday, 28 September 2017 17:40

Used car sales are expected to drop in September while new-car SAAR reaches its highest point of the year.
Edmunds estimates 3.19 million used vehicles will be sold in September. That is down from 3.33 million used units sold in August.
Edmunds estimates that 1,435,375 new cars and trucks will be sold in the U.S. in September for an estimated seasonally adjusted annual rate (SAAR) of 17.5 million.
This is the highest SAAR so far in 2017. The previous highs were set in January and February, which both had a SAAR of 17.3 million.
Edmunds estimates that retail SAAR will come in at 15 million vehicles in September, with fleet transactions accounting for 14 percent of total sales.

Independent Dealer Travels Famous Route For Birthday

Independent Dealer Travels Famous Route For Birthday

Some people celebrate their 60th birthday with a cake and a family party. But independent dealer Guy Strohmeier instead went on a month-long hike from...

Porsche Recalls Cayennes for Fuel Leaks

Porsche Recalls Cayennes for Fuel Leaks

Porsche Cars North America Inc. is recalling 50,145 2003-06 Cayenne S and Cayenne Turbo vehicles, 2004-06 Cayenne vehicles, and 2006 Cayenne S "Titanium" Edition vehicles. These gasoline-powered vehicles have a...

  • CarMax CEO Retires
    CarMax CEO Retires CarMax Inc. announced that Tom Folliard retired as chief executive officer of CarMax, effective Aug. 31. As part of this previously reported management succession plan, CarMax’s Board of Directors elected…
    Written on Friday, 02 September 2016 14:35
  • Autotrader Spotlights Best CPO Deals
    Autotrader Spotlights Best CPO Deals Autotrader announced its Top Picks for Certified Pre-Owned Deals for September. In September, Acura is offering a new car financing rate for used vehicles: 0.9 percent interest for up to…
    Written on Friday, 09 September 2016 19:35
  • EFG Names Judges for Northwood Contest
    EFG Names Judges for Northwood Contest EFG Companies announced the judging panel in the 2016 F&I Innovator of the Year competition. The judges will select a winning F&I product idea from one of six teams currently…
    Written on Wednesday, 02 November 2016 18:39
  • FTC Hosts Disclosure Workshop
    FTC Hosts Disclosure Workshop The Federal Trade Commission has announced the agenda for its Sept. 15 workshop, Putting Disclosures to The Test, which will include 22 presentations covering a wide variety of topics on…
    Written on Tuesday, 23 August 2016 14:09
  • Firm Offers Inventory Solution
    Firm Offers Inventory Solution Drivin now offers DealerSelect, an exclusive program that offers custom vehicle recommendations for dealerships based on customer purchase behavior, dealer demographics and local market demand.The program gives dealers access to…
    Written on Tuesday, 06 September 2016 14:48
  • AG Sues Dealer for Missing Titles
    AG Sues Dealer for Missing Titles The Ohio attorney general announced a lawsuit against a Dayton used-car dealer accused of failing to deliver motor vehicle titles to consumers. The lawsuit seeks reimbursement from Ashley Alexander, doing…
    Written on Wednesday, 21 September 2016 19:11
  • Manheim Expands Image Offerings
    Manheim Expands Image Offerings Manheim has nearly tripled the availability of Enhanced Vehicle Imaging (EVI), expanding from 25 to 74 auction locations throughout North America. EVI provides a consistent set of quality high-resolution images…
    Written on Tuesday, 27 September 2016 14:19
  • Families Find Cars Too Small
    Families Find Cars Too Small A recent survey found that moms and dads shuttling multiple children around in sedans are less satisfied with their cars than those driving larger capacity minivans and SUVs. The CarGurus.com…
    Written on Tuesday, 20 September 2016 15:20
  • Book Details Government’s War on Dealers
    Book Details Government’s War on Dealers CounselorLibrary.com LLC, announced the publication of its latest book, Tom Hudson’s “Carlaw IV: The Federal Government’s War on Car Dealers.” Tracing actions over the last five years by the Consumer…
    Written on Thursday, 09 February 2017 18:04
  • Independent Dealer Travels Famous Route For Birthday
    Independent Dealer Travels Famous Route For Birthday Some people celebrate their 60th birthday with a cake and a family party. But independent dealer Guy Strohmeier instead went on a month-long hike from the French Pyrenees to northwestern…
    Written on Wednesday, 10 August 2016 17:34