According to a post on the Inside Line blog from Edmunds.com, the state where dealers saw the youngest trade-ins flowing on to their lots last month was Oklahoma. The blog entry, written by automotive content editor Warren Clarke, indicates that trade-ins in this state were an average of 4.95 years old in August.  Tied for […] [Read More]

What do kids, credit unions and Enterprise Car Sales have in common? More than you might think. Enterprise Car Sales works nationwide to support Children’s Miracle Network (CMN) Hospitals and the Credit Unions for Kids program, the company noted in a press release this week, through bowl-a-thons, trivia nights, golf tournaments, walks/runs, restaurant nights and […] [Read More]

The second-ever Re3 Conference has new elements this year, including several simultaneous breakout sessions aimed at drilling down into a specific repossession, recovery or remarketing topic. One cluster of those sessions includes: —John Lewis, of Intellaegis, with a presentation titled, “Compliance and Your Responsibilities and Liabilities in Collections, Skip Tracing, Data and Technology.”            […] [Read More]

The MVTRAC Recovery Industry Advisory Board formally announced the implementation of new strategic policies regarding MVTRAC’s business model and associated operations. Members explained the new initiatives were the result of an extensive development and review process, then unanimously voted and later ratified into action at MVTRAC’s annual advisory board meeting. The changes to MVTRAC’s model […] [Read More]

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]