The vehicle recovery sector of the automotive business is arguably one of the most difficult areas of the industry to navigate. The lines cross between areas such as financial compliance and consumer protection, with state and federal regulations governing every step of the way. As part of our inaugural Remarketing & Used-Car Industry’s 40 Under […] [Read More]

Three other factors besides vehicle dependability triggered a 34-percent spike during the past 12 years in the average time for a new vehicle to enter the used market for the first time. According to the latest report from the Used Car Guide division of J.D. Power, that average time moved from 48.2 months in 2003 […] [Read More]

Monthly certified pre-owned sales fell on a year-over-year basis for the first time since June 2014, but year-to-date sales are still more than 10 percent ahead and four brands posted best-ever sales results. There were 220,416 certified sales in August, which was off 1.1 percent from August 2014, according to a roundup of CPO sales from […] [Read More]

In 2008, the outset of arguably the worst economic crises since the Great Depression, Jack Cooper Holdings Corp. had 100 employees, says executive chairman Sarah Amico. Six years later, it had around 4,000. But perhaps the more inspiring find is what Amico learned while spending week after week interviewing top managers, executive and board members, […] [Read More]

New-car quality and durability has increased significantly over the past two decades, and this is having a strong impact on how these cars are bought and sold as used vehicles. The latest report from the Used Car Guide division of J.D. Power breaks these changes down into four key areas, one of which involves the […] [Read More]

When Experian Automotive discovered the Top 10 most popular new vehicles leased during the second quarter, a reason why these models were included became apparent. In most cases, the difference in average monthly payment between a lease and an installment contract was at least $100. Here’s the rundown of those models and payment metrics according […] [Read More]

Experian Automotive reported that both 30-day and 60-day delinquencies stayed nearly steady as of the second quarter. Analysts indicated that the percentage of loans 30 days past due came in at 2.32 percent in Q2, down 5 basis points from a year earlier. The percentage of outstanding balances 30 days past due in Q2 stood […] [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 Jeannie Chiaromonte, vice president/national remarketing manager at Bank of America. Auto […] [Read More]

Why do you love selling cars? This is a question I love to ask dealers. Usually, if I’ve had a chance to get to know them, I can guess. It’s usually one of these four things: The thrill of the chase. The do-or-die, make-it-or-break-it lifestyle of a salesperson is an exciting way to live. You […] [Read More]

With the stock market wobbling at times recently more than that beater on your lot with the really bad tires and alignment, Cox Automotive chief economist Tom Webb and Edmunds.com director of industry analysis Jessica Caldwell each took a turn to consider implications in the auto world. Webb acknowledged when he was assembling the August […] [Read More]