Dealership GMs wishing to run World Series-style reconditioning centers can borrow a few winning lessons from Joe Maddon, most recently of 2016 Chicago Cubs World Series championship fame. During an interview at Tropicana Field when Madden managed the Tampa Bay Rays, Men’s Journal writer Pat Jordan noted how the future Chicago Cub’s World Series skipper […] [Read More]

You can count the decision by Roger Penske and his team at Penske Automotive Group to acquire standalone used-car retailer CarSense as a wise one, says Autotrader senior analyst Michelle Krebs. “It’s a really smart move, of course,” Krebs said during a phone interview Friday. “Roger doesn’t make any dumb moves.” Penske Automotive announced Thursday […] [Read More]

After two months of decline, certified pre-owned sales climbed 10 percent year-over-year in November, with dealers selling 202,501 CPO units, according to Autodata Corp. That puts the year-to-date sales total at 2.41 million units through 11 months and less than 144,000 units shy of the record 2.55 million vehicles sold in full-year 2015. With year-to-date […] [Read More]

There was a 3-percent uptick in online new-car shopping in November, while used cars showed a 1-percent drop, according to analysis from Dealer.com director of analytics James Grace. The reason for these numbers? A big new-car push from automakers to make up for lost ground as the year draws to an end. “We did a […] [Read More]

Not only is lease penetration riding a record wave, leasing volume may experience a never-before-seen trend in 2016, as well. That’s according to Edmunds.com, which shared commentary from executive director of industry analysis Jessica Caldwell ahead of automakers reporting car sales on Thursday. “Leasing accounts for a larger share of new-car transactions than ever before, […] [Read More]

There is a considerable contrast between actual start-to-finish transaction times car buyers experience and what dealers believe is ideal, according to eLEND Solutions' survey of dealers nationwide published on Wednesday. While 36 percent of dealers surveyed said the ideal amount of time shoppers should spend in their dealership during the buying process is less than […] [Read More]

In honor of Auto Remarketing's 25th anniversary this year — which we are celebrating with our Dec. 1 issue  — 25 reasons, in no particular order, why I’m excited about AR & covering the auto industry: — There is always a new, innovative company to learn about in the used-car business. — We get to interact personally […] [Read More]

ACA International, the association of credit and collection professionals, released a new white paper this week. The paper titled, “Business Practices and Capabilities within the Debt Collection Industry,” examines the potential impact of additional Consumer Financial Protection Bureau regulatory measures on member organizations and the debt collection industry. “The Small Business Administration Office of Advocacy […] [Read More]

On Wednesday, SUVS.com published its list of this year’s top SUVs after examining offerings in each segment. "With SUVs starting to take a majority stake hold in US vehicle purchases, we felt that it would be important to highlight the best options available to consumers," said Sergio Zlobin, principal at Fueled Up, the parent company […] [Read More]

It’s Election Day, but that isn’t exactly why Bill Zadeits is busy on this particular Tuesday. There are neat stacks of documents on the round table in his office — all cookie-crumbs of preparation as the Auto Remarketing publisher readies himself for another Used Car Week, just six days away. It’s the magazine’s signature event, and […] [Read More]