If it’s not on your radar already, one industry trend will be soon as the stats become increasingly hard to ignore. That is, electric vehicles’ alarming depreciation rates. According to new data and insight from Black Book, EVs continue to face much heavier depreciation rates than their gas counterparts. In some instances, consumers can shell […] [Read More]

Today’s installment of the Q&A series from the recent Power 300 issue of Auto Remarketing features Jared Rowe, the president of Autotrader. In this story, Rowe covers everything from certified pre-owned opportunities to facilitating quicker F&I processes and the consumer experience. Auto Remarketing: You’ve said in the past that although good work is being made […] [Read More]

To help navigate this regulatory terrain created by the Consumer Financial Protection Bureau, Vendor Transparency Solutions together with Weltman, Weinberg & Reis will be presenting a free live webinar for auto finance companies and their contracted service providers. The webinar will be presented by Michael Dougherty of Weltman Weinberg & Reis, a leading authority on […] [Read More]

The American International Automobile Dealers Association, along with affinity partner Bass Sox Mercer, will host a free AutoTalk webinar on Aug. 18 to discuss how manufacturers measure dealership sales performance. According to AIADA, the webinar will discuss the “hidden factors” contained within a manufacturer’s sales performance formula that have the largest impact on its measurements. […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we launched a new feature to spotlight just a few of the companies on the list. In a Q&A format, we go behind the scenes with some of the leading companies in the used-car space. First up in this series is Brian Geitner, […] [Read More]

Light vehicles in operation, as of January 1, reached a record level of 257.9 million. And the average age of those vehicles experienced a slight uptick to 11.5 years old. On top of that, volumes of cars up to five years old are expected to jump by as much as 24 percent over the next five […] [Read More]

Look for used-vehicle sales this month to be north of 3.2 million units, say industry analysts. TrueCar and Edmunds.com each released separate analyses this week forecasting July used-car sales in that ballpark. Edmunds is predicting 3.22 million used sales this month, which would result in a seasonally adjusted annualized rate of 36.9 million. Meanwhile, TrueCar […] [Read More]

Just a few months out, the excitement around Used Car Week continues to build, with eight new sponsorships coming aboard in the past week. Sorted by conference, the latest to sign on are: CPO Forum Experian National Remarketing Conference GM Financial      Used Car Week Auto IMS             Automovy Logistics         CallMiner             Experian Intellaegis […] [Read More]

Cox Automotive and Westlake Financial Services are among the companies involved in overhauled and pilot programs to provide vehicles for Uber, the online transportation service provider that’s grown in popularity in some of the largest U.S. metro areas. Uber explained this week that its revamped leasing program for its network of drivers dubbed Xchange Leasing […] [Read More]

Since its debut, more than 45 percent of new-car sales for the Tesla Model S have come from California, according to data from Polk and Edmunds.com. But on the used-car side, the Golden State’s share is much smaller — in fact, it’s just over 30 percent. States like Florida, Washington and Texas have poached pieces […] [Read More]