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Ford Recalls the 2013 Escape Again

According to the National Highway Traffic Safety Administration, Ford is recalling the 2013 Ford Escape to fix a problem with the engine cooling system. NHTSA’s website said 6,146 vehicles equipped with the 1.6L engine are included in the recall. T
Sep 10, 2012

Units in Operation: I Have Good News and Bad News…

The decline in new car sales that began in 2008 had a predictable outcome: less late-model vehicles on the road and on the service drive. The bad news: J.D. Power and Associates says there are 63 million vehicles on the road under five years old. Thi
Sep 10, 2012

US Equity Advantage Launches Live, Real-Time Dashboard for Partners to Track Commission Payments

ORLANDO, Fla. – US Equity Advantage (USEA) – the nation’s loan acceleration services leader – announces a new partner dashboard for finance and insurance (F&I) managers, automotive dealerships, and agencies to track and forecast commissi
Sep 10, 2012

Interview with Paul Walser, Walser Automotive Group

A second-generation auto dealer, Paul Walser, 57, and his brother Andrew, 44, operate Walser Automotive Group, a 12-franchise enterprise servicing communities in and around Minneapolis and St. Paul, MN. Like many second-generation dealers, whatever t
Sep 7, 2012

Teddy Nissan Consistently One of the Top Certified Pre-Owned Dealers in the Country

Owner Ted Bessen and President Steve Risso have built up one of the top-selling certified pre-owned dealers in the country, as well as the No. 1 dealer in the New York City market for July. NEW YORK — After being named the No. 1 certified pre-
Sep 7, 2012

NADA Adds Certified Pre-Owned Values to ‘Used Car Guide’

MCLEAN, Va. — The National Automobile Dealers Association Used Car Guide is now providing manufacturer-certified pre-owned (CPO) values for every qualified vehicle in its printed and electronic editions. “We recognize the tremendous effo
Sep 7, 2012

How and Why to Improve the Most Important Metric in your Dealership

Dealers look at metrics all day long: number of units sold, front gross, F&I penetration rates, service gross, etc. And if they don’t like what they see, the department manager hears about it pretty quick. In a typical scenario, the dealer asks
Sep 6, 2012

A Six-step Plan to Increase Used Vehicle Profitability

I’ve had chocolate chip cookies on my mind lately. The reason? I can’t eat them the way I used to, thanks to a daily diet and exercise regimen I’ve adopted. I’ve come to (reluctantly) embrace the “new me” because I now understand its rewa
Sep 6, 2012

Experian Automotive: Subprime auto loans in Q2 2012 exceeded prerecession levels

While subprime lending is on the rise, loans are balanced by lower loan-to-value ratios SCHAUMBURG, Ill. — Experian Automotive today announced that loans to customers in the nonprime, subprime and deep-subprime risk tiers accounted for more th
Sep 6, 2012