As temperatures begin to cool,  and we pass the middle of the month and look toward October, rising gas prices continue to have a “minimal” impact on used vehicle prices, according to NADA Used Car Guide’s Jonathan Banks. The NADA UCG senior analyst explained that through the first half of the month, compact and midsize […] [Read More]

Independent dealers are having one of their best months in quite some time, and the overall used-vehicle market is likely to improve more than 8 percent in September, according to CNW Research. It is expected that used sales will reach 3.49 million units for the month, which would compare to 3.23 million used sales in […] [Read More]

Though used prices continue to decline, it looks like the slide is slowing, according to CNW’s September Retail Automotive Summary.  As the rate of price decline continues to shrink and used vehicle days’ supply continues to grow, it appears the fourth quarter of this year bodes well for dealers' used-car departments. [Read More]

What’s in the cards for this year’s National Remarketing Conference presented by SmartAuction? After kicking off with a quartet of workshops that delve into elements of the wholesale industry, Day 2 of the event — scheduled for Nov. 14–16 during the Used Car Week conferences — will feature an iRemarketing presentation, which will share the […] [Read More]

The number of lease returns in 2013 is likely to climb by nearly half-a-million units year-over-year, according to Edmunds.com, which expects more than 2.5 million leases to reach end-of-term next year. That would be the highest number of lease terminations since 2010, creating what could be a flood of potential used inventory for dealers. When […] [Read More]

The CPO Forum is drawing near, and the speaker list continues to grow. The event's lineup touts some of  the top automakers in the business and industry experts, who will share their take on reputation management and advertising strategies specifically tailored to the certified pre-owned market. And when the event gets rolling in the fall, […] [Read More]

New-car dealers enjoyed double-digit year-over-year retail sales growth in the first quarter, and dealers in the used-car, recreational motor vehicle and parts subsectors climbed an average of 7.6 percent, according to Statistics Canada information cited by DesRosiers Automotive Consultants. However, that momentum wasn't nearly as strong in the following months. [Read More]

If the latest Automotive Analyst Note from J.D. Power and Associates’ Canadian Automotive Practice is any indication, the Canadian new-vehicle market could steal some traction from the used-car side in the next year. The firm indicated that for shoppers planning on buying within 12 months, just over 60 percent intend to purchase new. This is […] [Read More]

A regulatory filing with the Securities and Exchange Commission confirmed that DriveTime Automotive Group its shareholders and certain affiliates entered into definitive agreements with Santander Consumer USA. Officials from the group that mainly caters to subprime buyers explained that DT Acceptance Corp. and its subsidiary, DT Credit Co., will sell its finance receivable portfolio, which […] [Read More]

Many consumers are coming into the dealership with more equity in their trade-ins these days, and that will likely convert pent-up demand into actual sales, says NADA Used Car Guide executive automotive analyst Jonathan Banks. Several used models are seeing stronger trade-in equity because of the drop in used supply, solid demand and a boost […] [Read More]