A father-daughter dealer team has been honored by the American International Automobile Dealers Association for their work in auto dealer advocacy. Honored by AIADA with the Legislative Action Network Grassroots Award were Minnesota duo Morrie Wagener and Cindy Wagener Robin. The award was presented at the association’s seventh annual International Auto Industry Summit, held recently […] [Read More]

It has long been forecasted that a dramatic increase in off-lease volumes would occur this year, offering used-car dealers a big boost in used-car inventory. Now, at the halfway point of 2013, are those predictions coming to fruition? To answer that question, Auto Remarketing takes a look at what some of the top analysts have […] [Read More]

Opposing legislation that NADA contends would add new penalties, inspections and reporting requirements for franchised dealers, the organization’s president Peter Welch testified Tuesday before a Senate consumer protection subcommittee on S. 921, a bill concerning rental car recalls. If this bill passes, a rental vehicle would have to be put “out of service” if the […] [Read More]

Increased dealership profitability is the goal of a new addition to NCM Associates’ “38 in 8” program, announced by the company this week. NCM says the new one-day operational review format for dealerships’ fixed operating departments is now offered as an additional option under its “38 in 8” in-dealership consulting program. The service is designed […] [Read More]

As used vehicle days’ supply continues to grow — sitting at 50.46 during the first few weeks of the month   —  transaction prices for franchised dealers in May are dropping a bit. CNW said in the Retail Automotive Summary released Monday afternoon that in the opening weeks of this month, average franchised transaction prices ($10,958) […] [Read More]

As summer traveling season edges closer, consumer interest may turn to larger, family oriented vehicles or SUVs. The trend may already be evident, as the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com shows SUVs “popping up (as scarce) in some of the DMAs, with Jeep and Volkswagen […] [Read More]

In what appears to be a “lackluster” month, CNW Research is predicting that May will end up being a flat market for used-car sales. But if stagnant sales are puzzling, the firm explains why we’re seeing such a lukewarm environment on the used-car side. Starting with the basics, CNW said in the Retail Automotive Summary […] [Read More]

After a year of multiple acquisitions, Primeritus Financial Services rebranded several of its business service segments. Explaining the methodology behind the decisions, Primeritus Financial Services chief executive officer Chuck Tapp said: “Since the acquisitions of USA Recovery and Renovo over the past year, Primeritus has worked with customers and clients to better align their services […] [Read More]

As the Consumer Financial Protection Bureau prepares its annual report to Congress, the agency wanted specifics of what compliance matters other federal regulators are involved with regarding non-bank entities, which can include franchised and independent dealerships. The Federal Trade Commission, which has jurisdiction over dealers, shared what it had with the CFPB last week. But […] [Read More]

Nearly half of the markets represented among the Top 10 for the highest monthly auto loan payment for a new model in April are located in the same state, according to Edmunds.com. And popular vehicles sold in those areas appear to be pickups. "It's no secret that April was a good month for full sized […] [Read More]