Auto Remarketing Staff

CarMax posted double-digit increases in both net earnings and used vehicles retailed during the second quarter of its fiscal year. And the company highlighted on Friday that CarMax achieved those results even though six stores in Houston were closed for a week because of Hurricane Harvey, creating a “modest... Read More

Football legend Saban among NADA keynote speakers

Auto Remarketing Staff

While NADA Show 2018 takes place during the height of college basketball’s March Madness championship run, one of its five keynote speakers has a few rings of his own from the college football world. On Thursday, the National Automobile Dealers Association announced the keynote speakers for its annual convention,... Read More

How much insufficient training is costing dealerships

Nick Zulovich, Staff Writer

The data points Cox Automotive found through its dealership staffing study are startling. Stores have a 67-percent annual turnover rate among its sales teams, and the average cost of hiring a new dealership employee is $10,000. Perhaps one of the primary reasons dealerships are burdened by those personnel challenges... Read More

Auto Remarketing Staff

Edmunds announced Wednesday that it has struck a new content collaboration deal with The Associated Press to produce articles for its "Behind the Wheel" column. Edmunds has signed on to provide weekly content to the AP column, which covers vehicle comparisons, car shopping tips, consumer advice and expert... Read More

CPO share of franchised used-car sales up slightly

Joe Overby, Senior Editor

This year marked the best second quarter ever for the used-car market and the first time there has been more than 10 million used-car sales in Q2, according to Edmunds. Franchised dealers sold 2.95 million used cars during the quarter, and slightly more of those were certified pre-owned than in the same period of 2017,... Read More

Carvana makes Los Angeles 1st Calif. market

Auto Remarketing Staff

Carvana has expanded its footprint coast to coast with the recent launch of its new Los Angeles market — the company’s first in California. The online used-vehicle retailer announced Wednesday that L.A. metro area residents can now browse Carvana.com to finance, purchase and trade in old... Read More

Former NADA Pres. Brady joins Kerrigan Advisors

Auto Remarketing Staff

Kerrigan Advisors announced Tuesday it has appointed former National Automobile Dealers Association president Phil Brady as senior adviser to provide the firm counsel on generational transitions and corporate planning. Brady brings Kerrigan Advisors and its clients over 30 years of experience and extensive... Read More

Joe Overby, Senior Editor

Certified pre-owned vehicle sales fell 1.4 percent year-over-year in August, but are still on track for another record-breaking year. According to data from Autodata Corp., there were 230,013 CPO sales for the month, compared to 233,236 in August 2016. Certified sales were up 1.3 percent from July, when CPO sales... Read More