Analysis
CPO: Greater flexibility for financing?
Tuesday, Mar. 22, 2016, 11:57 AM
Joe Overby, Senior Editor
For the “Best CPO Dealers in the United States” edition of Auto Remarketing this winter, we asked top-selling Mercedes-Benz certified pre-owned dealers how the quality of CPO allows for flexibility of expanding financing terms to help buyers stay within their budget parameters. Here’s what they had to say. “Simply put, CPO vehicles command greater value than […] [Read More]
Once shoppers visit dealership, most don’t change their minds
Monday, Mar. 21, 2016, 08:49 PM
Joe Overby, Senior Editor
More often than not, when a consumer first sets out to start the car-shopping process, he or she has an open mind. New. Used. All kinds of different makes and models. It’s all fair game at the beginning; you’ve got a chance to influence that shopper. But you had better do it before he or […] [Read More]
Top 10 cars with highest share of leasing market
Monday, Mar. 21, 2016, 07:35 PM
Joe Overby, Senior Editor
Take a guess. Which vehicle had the largest share of the new-vehicle lease market in the fourth quarter? The answer: the Honda Civic, which comprised 3.2 percent of all new-car leases, according to an infographic shared by Experian Automotive. Next up was also a Honda: the Accord with a 2.6-percent share. Two Toyotas followed (Camry […] [Read More]
TrueCar debuts Pre-Owned Value Awards
Monday, Mar. 21, 2016, 04:01 AM
Joe Overby, Senior Editor
TrueCar has launched what it says is the first industry award to recognize pre-owned cars that hold their value the best after three years of ownership. In an exclusive with Auto Remarketing, the company shared the winners of the inaugural TrueCar Pre-Owned Value Awards, powered by ALG. TrueCar will present the awards to automakers this […] [Read More]
Longhorns are pickups, Golden Bears are Teslas
Friday, Mar. 18, 2016, 07:49 PM
Joe Overby, Senior Editor
If you’re reading this story on Friday afternoon, chances are, Auto Remarketing might have some competition for your attention. Don’t worry, we get it. The NCAA Tournament is on. While the bracket of a certain Senior Editor of this publication is already busted, we’re still having fun with this year’s tourney — and so too, […] [Read More]
Where top Hyundai dealers find CPO cars
Thursday, Mar. 17, 2016, 07:08 PM
Joe Overby, Senior Editor
As part of our “Best CPO Dealers in the United States” edition this winter, Auto Remarketing reached out to a few of the top-selling Hyundai dealers about certified pre-owned supply. We asked them to share some of the strategies they use to make sure there’s enough CPO inventory on the lot. “We are in a […] [Read More]
Shift launches auto loan business
Thursday, Mar. 17, 2016, 01:01 PM
Auto Remarketing Staff
Peer-to-peer car sales marketplace Shift Technologies has launched an in-house auto lending business known as Shift Finance that is offering direct-to-consumer loans. Customers of Shift will be able to get loans directly from Shift Finance, which is starting out as a pilot program in Virginia with plans to expand throughout all of the Shift’s territory. […] [Read More]
Not since ’95 has this happened to used-car prices
Wednesday, Mar. 16, 2016, 08:51 PM
Joe Overby, Staff Writer
Remember February 1995? Bill Clinton was in his first term as president. TLC was topping the Billboard Hot 100 chart for most of the month, according to Billboard.com. UCLA was a couple months away of running the table in the NCAA Tournament. And it was the last time used-car prices dropped from their January level. […] [Read More]
Recalls trigger decline in dealer service satisfaction
Wednesday, Mar. 16, 2016, 08:49 PM
Auto Remarketing Staff
It appears the demands stemming from millions of recalled vehicles flowing into dealership service bays are catching up with franchised stores. The J.D. Power 2016 U.S. Customer Service Index (CSI) Study showed satisfaction with dealer service related to an automotive recall declined for the first time in six years. According to the study released on […] [Read More]
Del Mar Recovery Solutions adds 2 VPs to leadership team
Wednesday, Mar. 16, 2016, 07:03 PM
Auto Remarketing Staff
National repossession management provider Del Mar Recovery Solutions recently added two key positions to its leadership team to enhance its broad range of skip-tracing, license plate recognition, transport and remarketing services. Establishing these posts and joining the company as a part of what Del Mar called “a testament to growth and advancement” are Jessyca Andrews as […] [Read More]
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