No doubt, dealerships are gearing up for Memorial Day sales extravaganzas with the goal of rolling plenty of vehicles over the curb. TransUnion senior vice president and automotive business leader Brian Landau explained why used-car departments at franchised dealerships could be more active than their new-model showrooms as consumers take delivery of vehicles going into […] [Read More]

Along with the likes of Ally Financial, Autotrader and Kelley Blue Book, those in the used-car and remarketing industry who follow NASCAR should see another familiar name on the tracks this season: Dent Wizard. The company, which provides vehicle conditioning services and protection products, has signed a multi-year partnership with Team Penske. During this season […] [Read More]

With the Ford Mustang, a college graduate can enjoy the use of a quick, sporty car before family life kicks in. The 2015 to 2019 model Mustang is one of 10 vehicles that Autotrader has named as the “best cars for recent college graduates in 2019.” Autotrader managing editor Tara Trompeter said in a news […] [Read More]

KAR Auction Services chief economist Tom Kontos and Cox Automotive chief economist Jonathan Smoke each examined recent tariff developments originating from the White House during the past week. Each expert discussed the potential ramifications stemming from President Trump proclamations. Last Friday, Trump delayed proposed auto tariffs on Europe and Japan for six months. Then on […] [Read More]

Through April, the auction volume of vehicles 5 years old or newer has climbed 6.5% in 2019, a year expected to be the peak in supply for this age group of vehicles. That’s according to the latest Guidelines report from J.D. Power Valuation Services, which said auction volume of vehicles 5 years old or newer […] [Read More]

Friday and Sunday marked dates for important victories gained by franchised dealerships who have been closely watching activities at the White House and how their businesses might be impacted. Before the weekend, President Trump delayed proposed auto tariffs on Europe and Japan for six months, drawing cheers from both the National Automobile Dealers Association (NADA) […] [Read More]

Autotrader executive editor Brian Moody says all certified pre-owned vehicle programs are great. But some, he added, stand out from the crowd. In this case, he is referring to Hyundai and Lexus. Autotrader says Hyundai's CPO program is a clear leader in the non-luxury pack, mainly because of its 10-year or 100,000-mile powertrain warranty, the […] [Read More]

In his 10 years as president and chief executive officer with J.D. Power, Finbarr O’Neill helped lead the company through a time of expansion into data and analytics, as well as the integration of acquisitions such as the NADA Used Car Guide and the used car pricing consumer website, National Appraisal Guides. Now, with the […] [Read More]

The days of sports cars and luxury sedans dominating the lease market might be over. That’s according to car lease marketplace, Swapalease.com. In its first quarter 2019 Auto Lease Trends Report, Swapalease.com is asking the question, “Is the luxury sports sedan lease dead?” Swapalease.com executive vice president Scot Hall says luxury sports sedans are at […] [Read More]

Your efforts to get cars from reconditioning to sale-ready faster will always hit speed bumps — that is until everyone involved enjoys the freedom to practice proactive accountability for themselves and teammates. Practicing seamless proactive accountability is critical if you want to transform recon operations to increase inventory turns and hold gross margin. Where accountability is […] [Read More]