Digital retailing may give dealers an avenue for more efficient operations and profitability — particuarly when it comes to F&I, often a question mark in discussions around online car sales. That’s according to a dealer impact study conducted by Roadster in partnership with the National Automobile Dealers Association that surveyed 236 dealers from May 6-8 in […] [Read More]

Through Sunday, month-to-date used-vehicle retail sales for franchised dealers are off 15% from pre-virus forecasts, according to J.D. Power. But there’s actually some good news to unpack from that, including one particular retailer that anticipates being back to original expectations for used sales by July. Here is that silver lining from J.D. Power: Not only is […] [Read More]

In the current COVID-19 crisis environment, Cars.com is seeing more people considering buying a vehicle, as many view their car purchase as a much-needed escape and safe mode of transportation, said Cars.com editor-in-chief Jenni Newman. “The good news is, consumers no longer have to leave their home to purchase a vehicle, as we’ve seen thousands […] [Read More]

Dealers are caught juggling how to structure their inventory as shopper activity and purchase intension climbs to levels registered before the coronavirus pandemic arrived, according to information and observations shared by Black Book and TrueCar on Tuesday. And the trends are particularly important considering that the crucial Memorial Day sales weekend is straight ahead. TrueCar […] [Read More]

Racing enthusiasts watching the upcoming Memorial Day weekend race in Charlotte will see seven-time NASCAR Cup Series Champion Jimmie Johnson driving a Chevrolet Camaro ZL1 1LE with a subtle olive drab color. The vehicle will feature white military stenciled numbers and exposed rivets inspired by WWII military vehicles. Johnson and his sponsor Ally Racing on […] [Read More]

Along with announcing an enhanced vehicle cleaning and sanitization process, Hertz also revealed it will be looking to navigate through its current financial challenges triggered by the coronavirus pandemic with a new president and chief executive officer. According to a news release distributed on Monday morning, Hertz said its board of directors has named Paul […] [Read More]

Mike Cavanaugh, executive vice president at MAX Digital, returns to the Auto Remarketing Podcast to talk about using data to make smart used-car acquisitions and decisions, metrics to watch, how dealers are getting creative to find the right used inventory and more. To listen to this episode, click on the link available below, or visit the Auto Remarketing […] [Read More]

The improvement in retail used-vehicle sales at franchised dealerships is now more rapid than the gains in their new-vehicle sales. And that’s helping to spur continued growth on the wholesale side of the pre-owned market, according to J.D. Power. This week’s J.D. Power Auto Industry Impact Report shows that used-vehicle sales at franchised dealerships so […] [Read More]

In a wide-ranging conversation, well-known finance-industry executive Daniel Parry, who now is the chief executive officer of TruDecision, joined Nick Zulovich for this episode of the Auto Remarketing Podcast to discuss his ongoing data analysis not only of auto financing, but also the reporting of COVID-19 cases on a state level. Parry also shared his […] [Read More]

To support independent dealers as they work through the economic impact of COVID-19, Automotive Finance Corporation introduced its customer-relief program to customers on March 24. On Tuesday, AFC said more than 10,000 customers have taken advantage of the program. AFC, a business unit of global vehicle remarketing and technology solutions provider KAR Global, has deferred […] [Read More]