There’s quite a bit of hubbub being made in the consumer-facing media following the recent flooding in Texas and the vehicles that suffered water damage. The National Insurance Crime Bureau, based on estimates from Copart, recently reported that the fallout from the flooding affected between 7,000 and 10,000 insured vehicles in the area. While the […] [Read More]

Edmunds.com announced the winners of its fifth annual Best Retained Value Awards, and earning this year’s top honors for highest projected residuals were Toyota and Acura. The awards spotlight the brands and 2015 models with the strongest projected five-year residual values. This is based on the vehicles’ “average ‘cash’ True Market Value (TMV) price during their first […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Darrin Aiken, assistant vice president of vehicle remarketing at Wheels […] [Read More]

Car buyers are getting their hands on pricier vehicles more easily these days, and according to Edmunds.com, the record-pace leasing numbers are playing a big role, along with cheaper credit and a handful of positive overall economic factors. In a data report shared this week, Edmunds counts economic trends like lower employment, consumer confidence in the economy […] [Read More]

If your franchised dealership showroom is located in Michigan, Texas or Massachusetts, it’s probably not uncommon to see new metal leaving the lot attached to a lease. But if your new-car store sits in New Mexico, West Virginia or Arkansas, the leasing volume likely is considerably less. Experian Automotive analysts broke down the top 10 […] [Read More]

MasterFiles executive vice president and skip-tracing expert Alex Price is hosting free webinars this week to highlight two new features of the company’s collections and recovery tools. Topics to be discussed during the 30-minute sessions include: 1. Phon360e: This new tool can allow skip-tracers and repossession agencies to locate a subject’s cellphone number, VOIP, pager […] [Read More]

There has been a change at the top when it comes to the add-on features that CarMax’s used-car buyers most often purchase. The best-selling add-on for these used-car buyers is now leather interior, according to CarMax sales data analyzed in the company’s 2015 Used Car Shopping Report. Remote start technology was the most popular add-on […] [Read More]

With customers shopping online more and more, most dealers are already very familiar with the term multi-channel, as the ways shoppers search for cars online are increasing daily, as well as the devices they use. But a new report from Ernst & Young takes it a step further. The company’s Future of Automotive Retail report […] [Read More]

As part of our “Top 100 Used Car Dealers: Franchised Edition" issue of Auto Remarketing, we asked some of the nation’s leading franchised stores about the challenges they face in the pre-owned market and the strategies they use to overcome those hurdles. Below is what four of the Top Franchised Dealers had to say. Starting in the Midwest, […] [Read More]

When a race car driver finishes blazing through left turns around the track at nearly 200 mph, whom does he or she often thank during the post-race TV? That’s right. The driver gives props to the sponsors.   And we dig that.  We at Used Car Week love our sponsors, too. Just as it takes […] [Read More]