Lease penetration remains high in new-car market

CARY, N.C. — An environment where leases account for 30 percent of new-vehicle sales (give or take) may be the new normal.

While there is not likely to be another major increase, lease penetration isn’t likely to “drop off any time soon,” says Eric Lyman, ALG’s chief industry analyst.


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Trucks Lift Wholesale Prices

Average wholesale values fell relative to April, though they remain up on a year-over-year basis largely because of the price strength of trucks.

According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in May averaged $10,709 – down 1.4 percent compared to April and up 2.4 percent relative to May 2015. Average prices for most vehicle model class segments were down on a month-over-month basis, including many of the truck segments.



Cox Automotive joined the National Independent Automobile Dealers Association to present the sixth annual NIADA and Cox Automotive Community Service Award to Fairly Reliable Bob's Inc. of Boise, Idaho.

The dealership received the honor during the 70th NIADA Convention & Expo in Las Vegas. This award recognizes an independent dealership for their outstanding contributions to their community and the innovative ways they collaborate with community partners to help further their missions and shape better communities.




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CAC Extends Warehouse Facility

Credit Acceptance Corporation, or CAC, said on June 23 that it had extended the maturity of its credit facility with a commercial bank syndicate by another year, from June 23, 2016 to June 23, 2017. Bank of America Corp. and RBS Citizens make up the syndicate.
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Buy Here Pay Here Boot Camp August 2-3, 2014

NABD is offering hands-on training at a BHPH car lot in Charlotte, NC, August 2-3 2014.

Learn first-hand all of the key financial & operational aspects of running a successful BHPH operation, and let

the BHPH "Best Practices" you learn increase your profits! Contact NABD at 832-767-4759.

Watch YouTube Video For More Info:

http://www.youtube.com/watch?v=Gcgz3SERSyE&feature=player_embedded

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BUY Here Pay Her Boot Camp Jan 11-12 , 2014

Don't miss the upcoming BHPH Boot Camp Jan 11-12, Charlotte, NC

Limited Space Available!    Learn first-hand all of the key financial & operational aspects of running a successful BHPH operation, and let the BHPH "Best Practices"  you learn increase your profits!

 

Attendees will receive:    * Comprehensive Procedures Manual * Employee Handbook * Projection Software * Tour of Cars & Reconditioning Facilities * One-on-One Consultation with Instructors

CALL NABD AT 832-767-4759 FOR INFORMATION

OR VISIT WWW.BHPHINFO.COM

 

 

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New Telephone Communication Law Enforcement Begins: Are You Prepared?

What is the Telephone Communications Protection Act (also known as the TCPA)?  It’s a comprehensive law that was originally passed in 1991, which over the years, has been updated several times to reflect changes in telephone usage. It is the same law that established a national Do Not Call registry. It was also used to establish a CAN-SPAM Act and it is also the law that regulates fax blasts. Each time the law has been changed businesses in general have had to change their processes to remain compliant. For example, dealerships had to put a process in place to check phone numbers against the Do Not Call list when the registry was created. They did however have one exemption that allowed an 18 month window to call someone on the list if you had an established business relationship.  Has something else changed in the law, dealers need to be aware of?  Yes, the latest changes to the law went in effect in February 2013, but the enforcement was delayed until October 16, 2013. This round of changes severely limits communication with customers in new ways …  Read More  Visit Auto Dealer People at: http://www.autodealerpeople.com/?xg_source=msg_mes_network

Industry update by Financial Solutions.

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2013 East Coast BHPH Conference November 3-5, 2013 · New Orleans, LA

2013 East Coast BHPH Conference
November 3-5, 2013 · New Orleans, LA
Hyatt Regency Superdome!

The 2013 East Coast Conference will provide in-depth dual-track training for operators who are new to the industry and for experienced operators seeking to improve their profits and cash flow.

• CFPB and Regulatory Update
• Implementing a Compliance Management System
• Collection Best Practices with Successful Operators
• Making the Right Critical BHPH Decisions
• Competing Successfully in BHPH Today
• Exhibit Hall with the Latest Products

For more information contact

nabd@bhphinfo.com

 

This looks like it will be a great conference, don't miss it.

 

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