AAA Travel expects a significant rebound in the number of Americans planning to travel this Memorial Day holiday weekend. And if they haven’t already visited your service drive for maintenance, customers might be coming soon since AAA said more than 37 million people are expected to travel 50 miles or more from home, an increase […] [Read More]

There are more vehicles being impacted by recalls, and with cars becoming even more advanced these days, the process to remedy may become more complicated. The number of automotive recalls to begin 2021 was consistent with average quarterly figures from last year, according to the latest product recall index from Sedgwick. At 13.5 million units, […] [Read More]

Long gone are the days when your used-vehicle inventory was filled with units equipped only with hand-crank windows and cassette players. Now your store salespeople likely are highlighting late-model features such as collision detection and repair notifications. Industry experts at Urgently predict that by the end of this decade, nearly all new vehicles sold globally […] [Read More]

Summertime is typically one of the busiest times of the year for both new- and used-car sales as people are gearing up for vacation or getting ready for the upcoming school year. With inventories of cars and trucks in much shorter supply heading into holiday weekends like Memorial Day or July Fourth, this summer may […] [Read More]

While not divulging the specific operator, First Business Bank on Monday announced the closing of a $6 million inventory floorplan line of credit for an independent dealer through its floorplan financing group. However, along with acknowledging the store is in Illinois Jeff Widholm, managing director of floorplan financing at First Business Specialty Finance, a subsidiary […] [Read More]

“What a difference a year can make.” Perhaps that statement has never been truer than in the past year. The COVID-19 pandemic created some seismic shifts in car shopping and buying, and the auto industry had to pivot quickly to keep up with the changes. Now, a year since the world turned on its head, […] [Read More]

In this special sponsored episode of the Auto Remarketing Podcast, LotLinx chief revenue officer Bill Reidy and Lance Schafer, the company’s general manager of product and technology, discuss what it means for dealers to be “VIN-aware” and how it can help stores stay competitive. To hear the conversation, click on the link available below, or visit […] [Read More]

Editor's Note: This is a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "Beyond the Transaction" special supplementary issue. The pandemic impacted much of the automotive space, from how vehicles are retailed to the ways consumers are securing financing. What hasn’t changed, however, is the importance of a dealership’s F&I department, a store segment that […] [Read More]

Editor's Note: This is a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "Beyond the Transaction" special supplementary issue. Scott Johnston said capacity constraints are a top issue in the vehicle transportation industry today. Putting it simply, that means too many vehicles to move. “And not enough transport trucks to move them,” said Johnston, who […] [Read More]

Editor's Note: This is a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "Beyond the Transaction" special supplementary issue. Many companies have seen significant changes in how they operate because of the pandemic, and Cox Automotive Mobility is no exception. The company’s associate vice president of product Jim Heffner said consumers coming in for servicing […] [Read More]