Fiserv’s Craig Carrow has a list of five keys to successful remarketing, four of which deal with topics like lower turn time, increased returns, lower operational costs and streamlined operational processing — all of which are fairly timeless in terms of their importance. [Read More]

With gas prices sitting above $4 in many states in the country, it seems dealers didn’t have any trouble getting used vehicles in the compact segments off their lots during the second quarter. In Q2, these segments saw some of the lowest days-to-turn rates, as well as some of the largest drops from last year’s […] [Read More]

Polk analysis confirmed what dealers likely are already seeing if they’re spending much time walking around service bays or the auction lanes nowadays. The U.S. vehicle fleet population is continuing to get older. Polk reported today that the average age of all units on the road now stands at a record high of 11.4 years. […] [Read More]

Ally Financial announced on Monday that it will introduce the first of several new ads in August that showcase diverse dealers. The company highlighted the ads are the latest addition to Ally’s “Success Stories” campaign, which celebrates the dealers and their leadership in the communities they serve. Josefina Hooker of Freedom Buick-GMC in Odessa, Texas […] [Read More]

It might sound like a broken record, but four of the first five used models researched the most on Kelley Blue Book’s website last month came from either Honda or Toyota. Pacing the consumer activity at KBB.com last month was the Honda Civic, followed by its midsize sibling, the Accord at No. 2. Coming in […] [Read More]

The mid-year Automotive Franchise Activity Report from Urban Science showed that as the number of franchised dealerships has fallen slightly this year, average new-vehicle sales per dealership are up. But the increases are not expected to continue. Auto Remarketing asked John Frith, vice president at Urban Science, why he thinks this year’s throughput levels — […] [Read More]

Hybrid and electric vehicle values are falling faster than any other segment, even though fuel prices remain above $4 per gallon in many states According to Kelley Blue Book’s latest Blue Book Market Report, hybrid and electric vehicle value declined exceeded 3 percent in July, topping the charts for depreciation this past month. Alec Gutierrez, […] [Read More]

Starting in 1791, and with just a few rare exceptions, Congress has disbanded during the dog days of summer to return to their home districts for rest, relaxation, and some good old-fashioned politicking. These district work periods, traditionally held during the month of August, provide legislators with an opportunity to escape from Washington, D.C.’s sweltering […] [Read More]

There’s a bit of an odd coupling when you look at the types of vehicles that have generated the most traction among used-vehicle shoppers on KBB.com. But as Kelley Blue Book’s Arthur Henry points out, there are perfectly good reasons for that. In the latest Hot Used-Car Report from KBB, Henry’s analysis indicates that the […] [Read More]

Penske Automotive Group’s same-store used retail sales jumped more than 17 percent year-over-year in the second quarter, part of what Manheim’s Tom Webb calls a “pretty picture” for the used operations of the seven publicly traded dealership groups. Penske was the most recent public retailer to announce quarterly results, and much like its peers, it […] [Read More]