Though luxury vehicles continue to be the hardest used models to find, a few SUVs stood out in July — proving elusive for dealers looking to satisfy summer family road trippers and customers in the market for a roomier vehicle.  According to the latest installment of vehicle scarcity data that is provided monthly to Auto […] [Read More]

There will likely be at least a quarter million new-car intenders this year who decide at the 11th hour not to buy, according to estimates from CNW Research, which studied the reasons these shoppers choose this path. What the firm found is that the proportion that goes for a used car instead is down marginally […] [Read More]

Along with data about how many used-vehicle contracts written at franchised dealerships are bringing in some negative equity, Edmunds.com shed light on term length, APR and more about second-quarter used-vehicle sales at franchised stores. Edmunds determined the average APR in the second quarter came in at 8.2 percent, down slightly from the previous quarter when […] [Read More]

J.D. Byrider announced a promotion on Monday, naming Jack Humbert to the position of vice president of franchise sales. The company called Humbert a “point man for franchised recruitment and multi-unit franchisee development.” Humbert has been with J.D. Byrider for three years, and helped in development as a senior franchise consultant and director of franchise […] [Read More]

So, you’re a dealer and a customer walks onto your lot looking for a used vehicle that is both fun and makes sense financially. A feature posted Friday to Edmunds.com might help — it offers 10 used vehicles that fit the bill, giving dealers an added selling point to move these models. [Read More]

While NADA Used Car Guide also rattled off the top 15 used vehicles most researched on NADAguides.com last month, analysts noticed how Buick and Audi strengthened their momentum for year-over-year gains in consumer activity. In July, Buick led the way with a 23-percent gain in consumer activity, and Audi wasn’t far off that pace with […] [Read More]

The share of franchised dealers’ used-vehicle sales that the certified pre-owned market commanded in the second quarter was down from the record penetration in Q1, but Q2 CPO share still beat the year-ago figure — not to mention certified sales were at a record pace, yet again. That’s according to the Used Market Quarterly Report […] [Read More]

Full-year new-vehicle sales will likely climb for the fourth straight time, rising more than 5 percent from 2012 to hit 15.6 million units. That’s according to The Kiplinger Letter from Friday, which also projects 16.3 million new-car sales for 2014 — which would be a seven-year high. Based on what Jim Patterson, associate editor for […] [Read More]

“Half the money I spend on advertising is wasted; the trouble is I don’t know which half.” As much as those words still resonate in the automotive dealer community today, they were famously first spoken more than 130 years ago by John Wanamaker, considered the fathers of modern advertising.  In 1874, Wanamaker printed the first-ever, […] [Read More]

This September, Auto Remarketing Canada is introducing a new feature to recognize the remarketing industry’s top players. The fall Auto Remarketing Canada Digital Magazine will include the inaugural Auto Remarketing Canada Power 100. This special edition will list the most powerful companies within the remarketing and used-car industry in Canada. From auction companies to digital […] [Read More]