Millennials — potential buyers between the ages of 16 and 32 — are representing a greater portion of a dealer sales base, so what should managers and salespeople highlight on used models that might appeal to this demographic? AutoTrader.com aims to shed some light on that exact subject. A new study from the site reveals […] [Read More]

This week, a diverse group of senior executives from 16 different companies across the auto industry — including a few major players in the used-car and remarketing fields — announced the launch of the Automotive Executives Association, an organization the founding members say is dedicated to facilitating business networking, providing new resources to help members […] [Read More]

Swapalease.com reported continued increases this year for customer credit approval on lease transactions through the end of July. According to website data, total year-to-date credit approvals stood at 75.6 percent through July, up from 73.9 percent through the end of June and the highest cumulative average recorded so far this year. Analysts indicated that historical […] [Read More]

The market is white-hot for dealership purchases right now, and it appears that public and private groups are both aggressively going after acquisitions. That’s according to the mid-year Automotive Retail Buy-Sell Report from the Presidio Group LLC, which said the value proposition of a dealership is quite strong. In fact, when looking at private buyers […] [Read More]

Of the eight segments included in the data set from AutoTrader.com’s Trade-In Marketplace, the only one expected to see growth in its TIM instant-cash offer amount from August to September is the full-size truck class, according to data provided to Auto Remarketing. And that won’t be the last of its increases, either. “The full-size truck […] [Read More]

CarProof, one of Canada’s largest vehicle history report providers, announced Monday the sale of a minority stake in the company to an American-based private equity investment firm.   The new minority stake holder is San Francisco-based Hellman & Friedman, which has offices in London, New York and San Francisco. Ed Woiteshek, a director at Hellman […] [Read More]

As just one part of Auto Remarketing’s “Best in Pre-Owned Performance” issue this spring, we shared the top-selling dealers in four specific states – California, Florida, Ohio and Texas – based on 2012 full-year used retail sales data provided by Cross-Sell Reports, a division of Dominion Dealer Solutions. This time around, we take those same […] [Read More]

Double-digit growth in new-car sales tends to free up bucketfuls of used cars to enter the market, as these owners find new homes for their former rides. That certainly appears to have been the case in July. More than a quarter million instant trade-in offers were produced last month through AutoTrader.com’s Trade-In Marketplace, the site […] [Read More]

Here’s some good news if you’re a dealerwho sells certain Ford Fusions or Honda Accords. The 2013 model-year editions of these vehicles have not only been “winners” on the new-car sales and market-share growth fronts, but they’ve also retained more value on the used-car side than any other cars in their segment. That’s according to […] [Read More]

Two separate purchases involving players connected to the repossession, recovery and remarketing-related fields were announced on Thursday. Starting out with news from the Indianapolis area, ADESA announced that its PAR North America subsidiary bought Fontana, Calif.-based Auto Depot Remarketing. ADR works with various credit unions, regional banks and finance companies, and with this deal, PAR […] [Read More]