Preferred Warranties Inc. announced today the hiring of Thomas Wooditch, who joins the company to take on the role of director of training and development. Brian Cosgrove, the vice president of marketing and sales at Preferred Warranties, says Wooditch will bring a new level of service to his company’s roster. “Tom’s expertise will be a […] [Read More]

Consolidated Asset Recovery Systems (CARS) — which will present the winner of this year’s Re3 Executive of the Year at Used Car Week — has been recognized for the third year in a row as one of the 5,000 fastest growing private companies, according to INC Magazine. CARS’ listing among this group of companies indicated […] [Read More]

The turn rates for dealers on their used cars have been steady with year-ago figures, according to Edmunds.com, which also explained the recent changes in the pre-owned supply-to-demand ratio and how they have impacted turn times. Edmunds said in its Q2 Used Vehicle Market Report that days-to-turn on used cars during the second quarter was at 37, […] [Read More]

As the month draws to a close this coming Labor Day weekend, a few industry observers offered their predictions this week on what the final August tally will look like for used-vehicle sales. Starting with Cars.com, chief analyst Jesse Toprak says a strong certified pre-owned market along with credit availability has helped push used-car sales […] [Read More]

Milllennials spend over two hours more on car shopping than the general population, and most of that is done online. And the Web is also where these shoppers are most likely to be influenced when it comes to deciding on which car to buy. So what can dealers do to bulk up their Internet presence […] [Read More]

Both used- and new-vehicle retail sales are moving higher, but the annual automotive report associated with the American Customer Satisfaction Index (ACSI) showed consumer satisfaction softened for the second year in a row. Mentioning widespread decline among a wide array of brands, the 2014 ACSI Automobile Report indicated diminishing customer satisfaction produced an overall ACSI […] [Read More]

Even though gas prices have been on the way down for almost two months straight and sit much lower than rates seen at the pump last year, it seems consumers are still turning toward the smaller, more fuel-efficient segments when looking for a used vehicle. Analysts at Kelly Blue Book point out interest in the […] [Read More]

According to Women-Drivers.com, the trustworthiness of a sales adviser has always been more influential on a female car shopper’s purchase decision than the price of a car.  However, a different attribute has become more important than trustworthiness. The site shared with Auto Remarketing that the most important factor in car-buying for women is now respect. A […] [Read More]

What some repossession and recovery observers probably figured was coming with more auto paper being written than ever before has come about. Repo rates are on the rise — and by a significant level. According to its latest State of the Automotive Finance Market report, Experian Automotive indicated the overall automotive repossession rate spiked more […] [Read More]

Leasing has picked back up to pre-recession highs, and many analysts are predicting leasing penetration to exceed levels seen before the Great Recession. And as manufacturers reveal their Labor Day lease deals, leasing popularity isn’t expected to slow down anytime soon. In fact, Scot Hall, executive vice president of Wantalease.com, said he expects leasing to […] [Read More]