Here’s more data showing how much metal is rolling over the curb as leased vehicles nowadays. Experian Automotive reported on Thursday that open leases originated during the first quarter grew by 27.55 percent to an all-time high of $76.9 billion, up from $60.1 billion spotted during the previous year. According to the most recent State […] [Read More]

First-quarter retail used-car transaction prices have never been higher than they were in the opening three months of 2016, says Edmunds.com. Edmunds' Q1 2016 Used Car Market Report released Thursday morning said the average retail transaction price on a used car was $18,838, a first-quarter record. This is up 3.2 percent year-over-year, moving past 2015 figures […] [Read More]

When the first Kerrigan Auto Retail Index was released at the end of March, the report said it was a bit premature to call the seven-year up-cycle in auto retail stocks over, but noted the handwriting was clearly on the wall. “It is still too early to call the end of the cycle, but the public […] [Read More]

ACA International recently released a new white paper as part of its ongoing initiative to collect original data about the credit and collection industry and show how debt collection companies impact the economy.   In its paper titled “Methodological and Analytical Limitations of the CFPB Consumer Complaint Database,” ACA highlighted that the Consumer Financial Protection […] [Read More]

It’s not just about reaching the most consumers. Sometimes, it can be just as beneficial — if not more — to tap into what’s important for a specific niche of clientele. In other words, “clients that are the most profitable for you,” says Cox Automotive Media Group president Jared Rowe. “Maybe, again, you don’t want to sell […] [Read More]

A majority of respondents to a recent Kelley Blue Book survey said they would be more likely to purchase a particular vehicle brand from a company involved in a social awareness campaign — but a similar majority said they are unaware of any such campaigns. Many automotive companies have campaigns that seek to inspire social […] [Read More]

When I think about advertising trends that automotive dealerships should adopt, my thoughts immediately jump to social media. Let’s be honest: Social media is a hard sell. It’s nearly impossible to track its ROI. It’s tough to manage well and can take up an enormous amount of time. But with people spending more hours online […] [Read More]

A statement from RouteOne released Monday afternoon indicates that chief executive officer Mike Jurecki is leaving the company to take the same position at FordDirect. Jurecki, who headed the creation of the RouteOne joint venture that launched in 2002, had been CEO from the beginning. FordDirect confirmed the news to Auto Remarketing in a statement […] [Read More]

During my college days in the early 2000s, you could say the words “Dave Matthews Band” and immediately catch the attention (or ire) of most people within earshot. That’s why a press release from a New Jersey Kia dealership piqued my interest on Monday. As part of the store’s “10 Months of Giveaways” to celebrate its […] [Read More]

Black Book unveiled its May residual forecast on Monday, illustrating the downward pressure on prices that increased supply will continue to have over the next few years.  Black Book forecast data showed that residuals on an average 3-year-old vehicle will dip from the current three-year retention of 52.0 percent in 2016, to 47.8 percent by […] [Read More]