Showing some softening as the year wound down, the latest RDN Monthly Analytics Update indicated November recovery volumes decreased 4 percentage points from October levels, halting a string of consecutive month-over-month jumps. Furthermore, the November reading came in 1 point below year-earlier levels. Also registering downward movement, RDN indicated November recovery orders ticked 7 percentage […] [Read More]

Fresh off a remarkable 2012 in the certified pre-owned market, four brands have confirmed to Auto Remarketing, as of press time, that they achieved record full-year certified pre-owned sales. According to their respective CPO leaders, 2012 was the best year ever for certified at Volkswagen and for American Honda’s flagship brand, and the year was […] [Read More]

When Edmunds.com considered the Top 10 trends expected for 2013, an even higher increase in auto loans to subprime consumers made the list. Senior analyst Jessica Caldwell stated several times during a conference call on Thursday that the subprime market is an area of growth. [Read More]

Auto Remarketing recently celebrated another milestone within its social-media platforms. Hitting the landmark last week, the Auto Remarketing group on LinkedIn now has more than 4,000 members. Since reaching the 1,000 member mark in 2011, the community has rapidly expanded and includes leaders from a vast cross-section of the used-car business. This list includes executives […] [Read More]

With close to an additional half-million lease returns expected to flow into the market this year, dealers likely will have a healthier dose of used vehicles on their lots, say analysts with Edmunds.com, who believe that the average price of a used car should drop by hundreds of dollars. [Read More]

As the holidays wrap up and dealers and industry experts alike turn to face the new year, 2013 kicks off with the inaugural Canadian Automobile Dealers Association’s annual summit. The 2013 summit offers a variety of industry-leading speakers and panelists and is scheduled for Feb. 13 at the Hilton Toronto. “Join us for an in-depth […] [Read More]

It was the best used-vehicle market in five years, according to CNW Research, which said Wednesday afternoon that 2012 full-year used sales reached 40.5 million units. This marked a 4.5-percent year-over-year gain and was the market’s strongest yearly sum since 2007. Franchised dealers commanded close to 37 percent of the used-car market, CNW said, with […] [Read More]

A new year has begun, and predictions for a prosperous year for the country's new- and used-car markets are pouring in. Factors such as increases in available trade-ins and high demand are expected to boost used sales, while numerous redesigns may ramp up the new market. According to a study released from Indian firm Ken […] [Read More]

Kelley Blue Book recently shared the top 25 most-researched used and new vehicles on KBB.com from December, and once again sweeping the charts was the Honda Accord. Looking at the used-car rankings in more detail, the Honda Civic followed in the No. 2 spot, with the Toyota Camry, Ford F-150 and Toyota Corolla rounding out […] [Read More]

As 2012 wrapped up, used prices continued their downward spiral — perhaps welcome news to buyers looking for a new pre-owned ride in the new year. An entry in Cars.com’s "Kicking Tires" blog indicates that late-model used-car prices declines for the sixth straight month in December. Specifically, prices dropped an average of $115 from Nov. […] [Read More]