The share of used-vehicle retail site traffic for full-size cars on KBB.com during September climbed more than 7 percent from August, and the two models driving this surge also happened to be the same ones leading activity growth among all 2007-2011 model-year vehicles on the site. That’s according to the Hot Used-Car Report released by […] [Read More]

Put aside, for a minute, the fact that Bozard Ford Lincoln has generated more than 1,300 reviews since implementing an online reputation management program three years ago. Consider how far monthly used-vehicle sales have climbed for the St. Augustine, Fla., dealership during this time. They have nearly quadrupled, climbing from 35 used vehicles sold each […] [Read More]

A recent survey by Ally Financial and the National Automobile Dealers Association highlighted how much dealers are continuing to give back to their local communities through donations and volunteerism. Survey results showed nearly 65 percent of respondents are increasing charitable contributions this year compared to a year ago. The 2013 Dealer Charitable Survey, which polled […] [Read More]

From the creators of the Auto Remarketing Power 250 comes the inaugural Auto Remarketing Canada Power 120. Auto Remarketing’s sister publication for our neighbors to the North highlights the leading companies in the Canadian remarketing industry in its brand new fall issue. As a trade publication, Auto Remarketing Canada sees itself as a partner to […] [Read More]

In August, it was used luxury models that were showing the biggest movements on either end of the pricing pendulum. This month? A slightly different story. While luxury models yet again dominated the Top 10 Biggest Price Drops on Cars.com, September’s list of Top 10 Biggest Price Increases was more about moderation in prices — […] [Read More]

Following its monthly survey of dealers and industry contacts conducted in August, KeyBanc Capital Markets said it remains “bullish” on the outlook for franchised dealers based on wide array of factors closely related to these stores. Analysts determined that used-vehicle sales should increase at the compound annual growth rate in the mid-single digits during the […] [Read More]

Earlier this week, Copart released its earnings report for the fourth quarter and year ending July 31, and said it saw gains in revenue, but decreases in operating income and net income. Starting off with the full-year results, Copart pulled in revenue of $1.05 billion, which marked a 13.2-percent year-over-year increase. Operating income was $283.0 […] [Read More]

The growth in revenues for privately owned used-car dealers has simmered down a bit, but revenues are still climbing — and what’s more, net profit margins are getting stronger. That’s according to data provided to Auto Remarketing by financial information company Sageworks that covers privately owned used-car dealers.* The revenue for these dealers from August […] [Read More]

On Tuesday, NextGear Capital appointed a new vice president of diversified products. Tapped for the role was Frank Ford, who will be responsible for strategic planning, development and growth of diversified non-auto floor plan products. The company indicated those products could include recreational vehicles, marine, powersports, salvage, daily rental and others as implemented. “As market […] [Read More]

NetChoice — a public policy advocacy organization that promotes Internet innovation and communication — is continuing to work on keeping license plate recognition technology available as a tool to boost the efforts of the repossession and recovery industries. NetChoice recently assembled a new presentation to explain LPR technology and debunk myths about how the tool […] [Read More]