Analysis
NADA UCG: Used Prices Remain Consistent, Predictions for 2013 Used Market
Thursday, Nov. 1, 2012, 06:00 AM
Sarah Rubenoff
Used cars have gotten more expensive. At least, that is one fact consumers and dealers have come to expect during the past few years. But, after three years of “dramatic growth”, the price hike slowed a bit this year, according to NADA Used Car Guide. In fact, the projected average price of used cars and […] [Read More]
Fleet, Lease and Rental Take the Stage at NRC
Thursday, Nov. 1, 2012, 05:59 AM
Auto Remarketing Staff
The National Remarketing Conference, sponsored by SmartAuction, as the industry’s leading conference, is an excellent place to stay up-to-date on information relevant to all aspects of the industry, including fleet, lease and rental. In a 2:45 p.m. session on Nov. 15, the market dynamics of this industry niche will take center stage at the National […] [Read More]
Later-Model Supply Expected to Show Most Growth
Thursday, Nov. 1, 2012, 05:58 AM
Auto Remarketing Editor Joe Overby
Though the trade-in numbers for vehicles three years old and younger has been “very low,” Jack Ballinghoff has found that fellow Toyota dealers shouldn’t have any problem finding off-lease vehicles. The general manager of Koons Tysons Toyota said that while he’s not pursuing the three-year-old and younger vehicles right now, Toyota dealers who are can […] [Read More]
AutoNation Taps CU Direct Connect as a Preferred Lender
Thursday, Nov. 1, 2012, 05:56 AM
Auto Remarketing Staff
CU Direct Connect announced Wednesday that it has signed an agreement with AutoNation that names CU Direct Connect as a preferred lender for all of the dealer group’s stores in Colorado. The agreement is effective as of today. Officials said that CU Direct Connect, through its 34 member credit unions, is collectively the largest auto […] [Read More]
TransUnion Study: Consumers Who Actively Monitor Their Own Credit Open Far More New Auto Loans
Wednesday, Oct. 31, 2012, 05:58 AM
Auto Remarketing Staff
A new TransUnion study found that people who monitor their own credit files open significantly more new auto loans and credit cards, and perform generally as well on those loans as consumers who do not monitor their own credit. The company's study determined that consumers who monitor their credit in any given credit score range […] [Read More]
Pollak: 5 Benchmarks To Guide Your Used-Vehicle Investment Success in 2013
Tuesday, Oct. 30, 2012, 03:49 PM
Dale Pollak
“Dale, what can I do to take my used-vehicle operations to the next level in 2013?” This question comes my way more frequently, and much earlier in the year, than it did in the past. To me, this is a good thing: more dealers are thinking hard and planning ahead to do a better job […] [Read More]
Consolidated Asset Recovery Systems Hires VP of Sales
Tuesday, Oct. 30, 2012, 02:57 PM
Auto Remarketing Staff
Consolidated Asset Recovery Systems recently hired a new vice president of sales. Joining the provider of repossession and remarketing services is Jeff Swisher. CARS is looking for Swisher to help the company further scale the sales organization and continue to build brand recognition. “We are excited to bring Jeff and the wealth of knowledge and […] [Read More]
New Provider Unveils Repo, Skip-Tracing Compliance Management Platform for Lenders
Tuesday, Oct. 30, 2012, 02:54 PM
Auto Remarketing Staff
A new Arizona-based vendor screening company on Monday launched what it's calling the first online compliance management system for the auto lending industry. Vendor Transparency Solutions explained that it developed an industry-specific, comprehensive, supplier screening solution designed to assist the lending community to reach the highest level of compliance. The tool is also geared to […] [Read More]
Wholesale Price Impact from Biggest Change in Gas Prices Since July
Tuesday, Oct. 30, 2012, 06:30 AM
Sarah Rubenoff
Are gas prices finally on the way down? According to the latest “Beggs on the Used Car Market” report, gas prices at the pump made the biggest week-over-week change since July, and wholesale price changes may be directly impacted. Ricky Beggs, managing editor of Black Book, said gas prices fell by $0.13 this past week […] [Read More]
Japanese OEMs Sweep Consumer Reports’ Reliability Ratings
Tuesday, Oct. 30, 2012, 06:30 AM
Auto Remarketing Staff
The seven highest ratings for reliability among 28 car brands studied went to Toyota and other Japanese makes, as Consumer Reports this week released the results of its 2012 Annual Auto Reliability Survey. Meanwhile, one particular domestic brand dropped dramatically; going from being among the top 10 two years ago to coming in next-to-last in […] [Read More]
X