The North Carolina Automobile Dealers Association on Monday announced an endorsement of its preferred retirement plan administrator. Named for the role is NADART, the retirement plan and benefits division of the National Automobile Dealers Association. In the new venture, NCADA and NADART said they will work together to deliver investment and employee benefit options specifically […] [Read More]

In what we’re proud to call an annual tradition, Auto Remarketing dedicates a special section of our print publication each year to recognize the leading women of the remarketing and used-car business. The 2013 Women in Remarketing program — sponsored by Ally Auto Remarketing — honors a class taking on a wide array of leadership […] [Read More]

As spring got under way and perhaps more consumers were inspired to turn their interest toward fun, cruising rides, luxury certified and late-model pre-owned vehicles continued to be hard to find in March. According to the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com, Porsche really “jumped out” in […] [Read More]

Are consumers going to spend their income tax refunds at dealership service departments and showrooms or are they going to put that money in a savings account for later? Recent surveys by USAA and eBay Motors showed consumers might be heading in different directions. A survey commissioned by eBay Motors this tax season revealed that […] [Read More]

Primeritus Financial Services, which offers recovery management, skip-tracing and remarketing services, announced this week it has sold its remaining direct recovery repossession business. Primeritus sold the business to Connect 1 Recovery, finalizing Primeritus’ exit from the direct recovery business. “Connect 1 Recovery LLC will be an important service provider for Primeritus as a multi-state network […] [Read More]

Sonic Automotive said Wednesday it has named an executive vice president and chief financial officer. Tapped for the position is Heath Byrd, formerly the  company’s chief information officer. Byrd joined Sonic in November of 2007 as CIO and “has been a driving force in the implementation of the company's many technology innovations,” the company said. [Read More]

What’s the top-selling used-vehicle brand in your state? Dominion Dealer Solutions recently shared some of its Cross-Sell data with Auto Remarketing to shed some light on this. Based on February used-vehicle sales data provided to Auto Remarketing that covered 17 states, Ford was the top-selling brand in eight states, as was Chevrolet. Toyota was the […] [Read More]

The average franchised dealer began 2013 with a monthly used-car department sales figure just shy of $1 million, according to the latest NADA Dealership Financial Profile. Specifically, the used-car department of a franchised store, on average, pulled in sales of $991,916 during January. This marked a 5.4-percent hike from January 2012, according to the data. […] [Read More]

In its latest offering of strategy recommendations for all types of dealers, ADESA used its blog to share four ways managers can add value to their stores. ADESA’s Carol Sewell indicated on the company’s blog, Overdrive, that dealers are willing to try seemingly every marketing strategy imaginable — from giant banners and inflatables dominating the […] [Read More]

Auto Financial Group, an online provider of residual-based financing products for dealers and lenders since 1999, announced Tuesday that it has enhanced its balloon loan program with a new feature called the Dealer Inventory Download (DID). Officials explained DID can provide lenders and dealers a comprehensive and more efficient way to utilize the company’s residual-based […] [Read More]