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]

The used vehicles that customers search for online may not be the ones they end up buying — that’s the initial indication of data compiled by vehicle shopping site Mojo Motors. The company spoke exclusively to Auto Remarketing on Tuesday, noting that a preliminary study of its search and purchase data reveals discrepancies in used-car […] [Read More]

Dealers probably have heard concern from customers about mileage constraints being one of the biggest drawbacks when leasing a new vehicle. However, a recent national leasing survey from Swapalease.com showed those concerns appear to be diminishing significantly. In fact, apprehension about mileage allowances ranked seventh out of 10 for today's top reasons why people want […] [Read More]

Iowa attorney general Tom Miller recently announced one of the state’s independent dealers has agreed to stop what was alleged to be illegal repossessions of vehicles. In an agreement with the consumer protection division, called an assurance of discontinuance, Miller alleged that Goldy’s Auto of Ottumwa, Iowa, illegally attempted to have customers waive their rights […] [Read More]