The latest installment of the Auto Remarketing Training Series — a free webinar featuring experts from Automotive Internet Media (AIM) and Manheim — is set to give dealers another round of training they need to make better inventory decision to improve sales and gross profit. The upcoming free webinar is scheduled for 2 p.m. ET […] [Read More]

General Motors spent much of the first half of the year handling crisis control over its massive amount of vehicle recalls, including the ignition switch problems in discontinued models. Now with autumn less than two weeks away, NADA Used Car Guide is finding only marginal impact left on the brand and its vehicles. Analysts explained […] [Read More]

Auto delinquencies rose slightly in the second quarter because there’s more paper on the streets nowadays, but TransUnion analysts don’t think the trends are necessarily bad for the industry. According to TransUnion's Industry Insights Report released on Tuesday, the auto loan delinquency rate — the ratio of borrowers 60 days or more delinquent on their […] [Read More]

Used-car sales fell for the third straight month, but the mood among many dealers still seems to be a positive one, according to Tom Webb, who addressed the used retail market as part of his analysis surrounding the monthly Manheim Used Vehicle Index. Webb, chief economist at Manheim, points to CNW Research data indicating that […] [Read More]

The outlook for potential certified pre-owned inventory that dealers will need in 24 to 36 months just keeps getting more favorable. The latest: Experian Automotive determined the percentage of new vehicles moved by franchised dealers and connected to a lease hit a new record during the second quarter. According to its latest State of the […] [Read More]

Though August incentives were down from July levels, allowances sit far above rates seen last year. But industry analysts assure dealers that incentive spending levels pose no threat to the business yet. Kelley Blue Book analysts reported high incentives are not causing damage to used values back in mid-August. And after reporting a 9.3-percent year-over-year incentive […] [Read More]

Lease marketplace Swapalease.com suggested American dealers look north when considering how to improve their leasing services. With Canada’s historically high leasing rates, Swapalease — which works with customers in both countries — noted some interesting differences in how lease programs are structures, including transfer of ownership, and contends it would serve U.S. dealers well to take […] [Read More]

As Auto Remarketing investigated an area where the impact of recalls might be more pronounced for its special National Auto Auction Association Convention issue, both Fitch Ratings and NADA Used Car Guide released analyses on Tuesday stating that the effects from the record-setting year of campaigns might be muted. First when considering vehicles included in rental […] [Read More]

Though many dealers are preparing for new models to hit the lot, manufacturers, interestingly enough, didn’t turn to heavy incentives to push new sales this past month. Although automakers and dealers were most likely pulling out all the stops for Labor Day sales, incentive spending in August was projected to be down 6.2 percent, or $179, from […] [Read More]

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]