While still facing headwinds, recent information from the U.S. Department of Labor, the Conference Board and ManpowerGroup showed encouraging trends associated with jobs — a key indicator for potential dealership retail vehicle sales and finance company portfolio health. Acknowledging on Labor Day that “this has been a year of extraordinary challenges for American workers,” U.S. […] [Read More]

A musty odor in the interior. Damp carpets. Rust around doors. With the arrival of hurricane season and more waterlogged vehicles showing up around the country, CARFAX is releasing information on various aspects of the situation, such as telltale signs of vehicle flooding. CARFAX is also highlighting statistics such as the fact that 446,836 flood-damaged […] [Read More]

Experian identified leasing market penetration among the top 20 automakers that booked that kind of financing during the second quarter. Swapalease.com also pinpointed two factors that could enhance brand loyalty in the leasing segment; information that could be especially valuable since the site discovered nearly eight out of every 10 leaseholders would like to exit […] [Read More]

Tennessee and Vermont are polar opposites based on at least one statistic from Experian’s Q2 2020 State of the Automotive Finance Market report. Turns out the states well known for country music and maple syrup, respectively, are at the top and the bottom of Experian’s data set for the amount of used-vehicle financing originated during […] [Read More]

With Labor Day weekend straight ahead, experts and policymakers still view the economy like the vehicle that arrives at your dealership’s service drive with the customer saying it hesitates, despite stepping hard on the accelerator. At least two high-level federal officials see the need for more assistance to get the U.S. economic engine running smoothly […] [Read More]

In year six of Auto Remarketing’s annual Remarketing & Used-Car Industry’s 40 Under 40, you will find the current- and next-generation leaders of the business who are making big differences in the industry — and at their respective companies. Auto Remarketing is honored and thrilled to recognize these folks and celebrate their accomplishments. The list of this year’s honorees […] [Read More]

Mike Bolland, director of omnichannel customer insights and experience at Discount Tire, joins the Auto Remarketing Podcast, where he discusses the "touch-less experience" the company has adopted in response to COVID-19 and its applications in other industries. Bolland also discusses the omnichannel, end-to-end approach to the business, how Discount Tire gathers consumer feedback and more. […] [Read More]

Driven by climbing pre-owned demand and short new-car supply, retail used-vehicle prices in the first half of August had climbed 4.1% month-over-month, according to an iSeeCars.com analysis. Similarly, J.D. Power’s used retail price index was at 107.2 the week ending Aug. 23, up from 106.8 the prior week and continuing a long pattern of growth. […] [Read More]

The second half of the year has begun with a flurry of news of moves in the dealership buy-sell space, including the closing of Asbury Automotive Group’s purchase of certain assets of Park Place Dealerships. That deal, which was announced back in December, nearly scrapped in March before being revitalized in July and closing in […] [Read More]

When it comes to the pre-owned vehicles that are retaining their values the best, the pickup truck segment is leading the pack these days. Or as the lead analyst from Edmunds puts it, used pickups are having a “moment in the spotlight.” An analysis the company conducted in July examined all 2017 model-year trade-ins for […] [Read More]