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]

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]