The segment of the nation’s economic engine fueled by franchised dealerships ran pretty smoothly last year. In fact, employment and payroll at U.S. franchised dealerships continued to rise in 2018, according to the latest report released on Monday by the National Automobile Dealers Association. In 2018, the nation’s 16,753 franchised dealerships employed 1,136,600 workers, up […] [Read More]

In 2019, 70 percent of surveyed truck owners said they would switch brands if their preferred pickup truck brand increased its prices by $10,000. That number is up compared to 64 percent in 2018. That is according to CarGurus’ 2019 Truck Sentiment Survey, which compared pickup truck owner brand sentiment to a similar survey the […] [Read More]

Most weekdays, I spend the day in the Cherokee Media Group office, located in a suburban office park with ample parking and space for vehicles to move about. So, my colleagues and I could be considered a target demographic for a mobile, on-demand car care service like Spiffy, which is headquartered just up the road […] [Read More]

It wasn’t the strongest of starts to the year for used-vehicle sales, but the first quarter closed with the pre-owned market poised to remain at peak levels. The annualized rate of used-car sales in March was more than 39.5 million*, beating year-ago figures by roughly 200,000 units, Cox Automotive manager of economic and industry insights […] [Read More]

Most new-vehicle owners are still driving the vehicles after owning them for one year. But 3.4 percent of new cars are resold as used within the first year of ownership. Which vehicle brands are sold most frequently after only one year of ownership? A new study from iSeeCars.com breaks down some numbers regarding the vehicles […] [Read More]

At NADA Show 2019 earlier this year, Erin Kerrigan of Kerrigan Advisors talks dealership buy-sell activity, including the impact from growing digital retail. Plus, she explains why more buyers and investors are looking to move into this space. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You […] [Read More]

Record-high numbers of vehicles are coming off lease in 2019. At the same time, prices and interest rates are edging higher. With those trends in mind, understanding a vehicle’s retained value is extremely important for a shopper in knowing how much he or she can afford when buying a new vehicle, Edmunds senior consumer advice editor […] [Read More]

At the recent NADA Show 2019, I spoke to several dealers about their 2019 used-car strategies, and that story was published in Auto Remarketing. Included in that article were comments from used-car expert Tommy Gibbs of Tommy Gibbs & Associates, who shared some pre-show highlights of this then-upcoming used-car workshop. For this article, I interviewed […] [Read More]

If you bought a used vehicle in Colorado from CarMax over the past year and a half, chances are it was a 4-wheel drive or all-wheel drive. That’s according to a recent sales data report from the retailer, which noted that 72.64 percent of its vehicle sales in that state were either 4WD or AWD. And if you […] [Read More]

After leading the company since 1997, Douglas May is retiring as chief executive officer of RVI Group. The retirement was effective Sunday.  RVI also announced that it will have co-CEOs to succeed May: Daniel Egan and Michael McGroarty. May will remain in an advisory capacity and continue as a member of RVI’s board of directors.   RVI noted […] [Read More]