Certified pre-owned sales booming, says Edmunds

By : Todd Phillips More shoppers looking to buy a used car are opting for certified pre-owned (CPO) vehicles, with sales hitting an all-time high, according to analysts at Edmunds.com, a popular online destination for car shoppers. In the company’s latest Used Vehicle Market Report, analysts found that in 2014, CPO sales hit an all-time high of 2.3 million, which is noteworthy because it wasn’t even a record year for used car sales. That means...

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NADA: Leasing Driving New-Vehicle Deliveries

MCLEAN, Va. — Leasing is leading the charge when it comes to new-vehicle deliveries, according to the National Automobile Dealers Association’s February installment of its Used Car Guide Perspective report. According to the publication, which relies on data from IHS Automotive, the recovery in new deliveries has been spearheaded by exceptional growth in consumer leases — with personal lease registrations improving by an annual average of about 18% since 2011, while personal loans grew by 8%. And in 2013, leases soared by 31%. Additionally, leasing...

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Why Mexican auto dealers are moving north

by Doron Levin Nissan is helping Mexican auto dealers make inroads in the U.S. Mexico isn’t just breaking monthly records for automotive production and vehicle exports. Latin America’s second biggest economy after Brazil is showing it can market and sell cars, not just build and ship them to other countries. Nissan Motor Co., the leading seller of cars in Mexico, said it is helping large Mexican dealer groups to buy Nissan stores in Houston,...

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Auto dealers say Kasich tax plans are bad for business

By Dan Gearino Auto dealers are ready to oppose Gov. John Kasich’s plan to change the way sales taxes work on vehicle trade-ins, a move they say would make new-car transactions more expensive. “We have some serious concerns about this proposal as we understand it at this point,” said Tim Doran, president of the Ohio Automobile Dealers Association. His comments were based on a summary of the plan provided by the governor’s office this week, not on the legislation itself, which has not yet been released. Under current law, customers can trade...

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Grey Dominates Car Colors, Swapalease.com Reports

CINCINNATI —Eighty percent of the cars and trucks in the Swapalease.com auto lease marketplace are in the gray family, including white and black. Swapalease.com analyzed colors of its entire online ecosystem and discovered that the grayscale dominates the automotive landscape. Specifically, the colors black (31.4%), white (19.6%), silver (13.1%), dark grey (9.1%) and grey (6.5%) are the top five colors and make up 79.9% of the Swapalease.com marketplace. Two additional colors in the grayscale, off-white (0.8%) and light grey (0.7%) also add to...

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NADA Issues Compliance Guide on Federal Advertising Rules

By: Auto Dealer Monthly SAN FRANCISCO — The National Automobile Dealers Association (NADA) issued a new publication last week — the first day of its annual convention — designed to assist new-car dealers in complying with federal advertising requirements on the sale, financing and leasing of automotive products and services. “A Dealer Guide to Federal Advertising Requirements” was released about a month after the Federal Trade Commission took...

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