UPDATED to include analysis/data from LotLinx. Recapping used-vehicle sales from May shows a bit of a mixed bag. The month appears to have been much stronger than April, but hit a speed bump the final week. There was a 20.7% year-over-year decline in used-car sales the final week of May, according to Cox Automotive. “Like […] [Read More]

Automotive Personnel founder Don Jasensky made his Auto Remarketing Podcast debut, leveraging his 30 years of experience at running his own executive search firm to offer recommendations for dealerships and finance companies welcoming back their furloughed employees as well as for workers who are returning either remotely or in person. The National Automotive Finance Association […] [Read More]

The Japan Automobile Manufacturers Association has invested billions of dollars in the last decade toward convincing U.S. drivers to drive Japanese cars, according to insurance comparison website, Pretected.com. “And it seems like it’s paying off,” Pretected writes in a news release. Basing its information on more than 1 million drivers who were looking to insure […] [Read More]

Frost & Sullivan’s recent analysis considered the impact of the pandemic on the automotive sector under three scenarios — gradual containment, severe pandemic and global emergency —resulting in outcomes ranging from steady recovery to recession. Under the severe pandemic scenario, Frost & Sullivan concluded that OEMs will try to capitalize on China’s early recovery from […] [Read More]

Black Book’s analyst team might not have rested much during the Memorial Day weekend, judging by the robust information contained in its newest COVID-19 Market Update released on Wednesday morning. From discussing how the Hertz bankruptcy might impact wholesale volume to a quartet of insights from dealers to the latest price movements. Black Book covered […] [Read More]

As industry experts predicted might happen, late on Friday afternoon Hertz Global Holdings announced it and certain of its U.S. and Canadian subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. According to a news release, Hertz said the company still has $1 billion […] [Read More]

This episode of the Auto Remarketing Podcast ventures into the investment world with Gina Cocking, who is managing director of Colonnade Securities, a Chicago-based investment banking firm that specializes in merger and acquisition advisory services. Cocking not only shared an assessment of the current investment landscape, she also discussed the firm’s recent examination of the […] [Read More]

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]