If you have certified pre-owned units with alternative powertrains, the spring issue of Perspective from J.D. Power Valuation Services (formerly NADA Used Car Guide) offered some insight into why it might be difficult to turn that vehicle. Before it became that CPO model, J.D. Power analysts explained that alternative segments generally have weaker demand and […] [Read More]

While differing on how first-quarter activity unfolded, both Kerrigan Advisors and Haig Partners shared upbeat assessments of dealership buying and selling activity for the rest of 2017 as each used the adjective, "robust." First, at Kerrigan Advisors, the firm reported that the action of dealerships changing hands “remains robust” for Q1 in spite of slowing […] [Read More]

Used-car buyers are shelling out close to 4-percent more money on their down payment than they were a year ago, according to data released Friday by Edmunds. And their down payments — which averaged $2,529 in May — are more than 12 percent higher than five years ago. Those numbers are even more pronounced on […] [Read More]

Car Keys Express founder and owner Mark Lanwehr has made the cut as a finalist for EY’s 2017 Entrepreneur of the Year Award in the Ohio Valley region, the company announced.  A panel of independent judges chose Lanwehr a finalist for the regional award, whose winners will be named during a special gala event at the Hyatt Regency Hotel […] [Read More]

In Episode 5 of the Auto Remarketing Podcast, Joe Overby sits down with Marilu McQuilkin and Mor Aframian to talk about the upgrades to Used Car Week, which has a brand-new look and a bit of a new format this year.  Plus, we discover that Marilu is a C-SPAN dork, Joe loves "Star Wars" and Mor […] [Read More]

Rebranding can be a scary proposition. As anyone who has changed their style can attest, it’s risky yet potentially rewarding. I’ll give you two personal examples: Spring 2000: A 17-year-old during Eminem mania, I bleached my already strawberry blonde hair.  At a lifeguard meeting soon after, the manager of the pool where I was working […] [Read More]

Used-car buyers who shop online spend 62 percent of the car-buying process there: online. That's according to Cox Automotive’s latest Car Buyer Journey Study, which examines consumers’ car-shopping behavior during the car buying process and how they use their time. Cox Automotive found that during the chunk of time car buyers spend online, they research and shop […] [Read More]

Remember 1991? The Gulf War intensified. Then-Arkansas Gov. Bill Clinton began his trek to the White House and the Dow Jones Industrial Average closed above 3,000 for the first time. Fast forward 26 years and the Middle East remains unsettled, Hillary Clinton missed on her second attempt at the presidency and the stock market now sits […] [Read More]

White Clarke Group chief executive officer Brendan Gleeson received the Auto Finance Personality of the Year award during the International Auto Finance Network (IAFN) event conducted last week in London. The IAFN Awards dinner celebrated excellence and innovation within the automotive leasing and lending industries. Organizers indicated the Auto Finance Personality of the Year is […] [Read More]

Bank of America is enhancing its mobile offerings in an effort to boost originations with its participating dealerships. On Monday, bank officials highlighted that they launched new capabilities for mobile clients to complete the auto financing process with the company while searching for a vehicle from dealerships within the bank’s network. Plus, customers can complete […] [Read More]