As Manheim’s Tom Webb prepared his presentation for his quarterly conference call to discuss the wholesale market, he chose not to include a slide showing repossession volume trends since he needed only three words to sum up the situation. When asked by Auto Remarketing about what repossession volume is like in the lanes, Webb replied […] [Read More]

Dealers who have potential buyers with subprime credit standings might have a better chance of getting them financed if FICO’s quarterly survey of bank risk professionals is any indication. More than 50 percent of respondents expected the auto sector to see the largest increase in subprime borrowing this year. The survey indicated 38 percent of […] [Read More]

As a seasonal interest in luxury and performance vehicles takes off, it may be hard for consumers to find certain popular models. In fact, dealers who are lucky enough to have BMW M Series units on their lots may not have them for long. [Read More]

In the final piece of the Used-Car Market Intelligence Report series, Auto Remarketing turns to the dealership lot to look at the used-car sales environment in the first half of 2012. We also take a peek in the auction lanes to show what dealers had to shell out to secure the used cars their customers […] [Read More]

On the heels of positive developments in connection with June’s new-car sales totals, the newest Ad-ology Auto Shoppers Forecast showed 36 percent of U.S. consumers plan to purchase a new vehicle during the next 12 months. Analysts contend that reading is a 64-percent increase from May of last year. “Stability in the U.S. economy is […] [Read More]

Recovery Database Network recently announced the launch of two-factor authentication for users of RDN’s specialized software platform linking auto lending institutions with recovery companies. Although RDN’s current login system requires an ID, password and separate security code, officials explained that adding two-factor authentication provides a substantial increase in user account security for both auto lenders […] [Read More]

The certified pre-owned market closed the opening half of 2012 with the second strongest month of all time for CPO sales, according to Autodata Corp. Not to mention, June capped what was the second-strongest quarter on record, as quarterly CPO sales reached 462,116 units for a 3-percent year-over-year gain, the firm said Thursday afternoon. [Read More]

As AutoNation announced that June’s new-vehicle sales soared for the retailer by double digits year-over-year, the American International Automobile Dealers Association reported this past month’s SAAR pushed past 14 million. Driving higher than expected this June, the seasonally adjusted annual rate came in at 14.08 million units — up from 11.56 million a year ago […] [Read More]

In what is described as a “hot” used-vehicle market, Canadian residual values have been on the upswing the past few years, thanks in part to what happened in the leasing and fleet sales markets, according to a DesRosiers Automotive Consultants analysis. Examining data from Canadian Black Book, DAC pointed out that the residuals of three-year-old […] [Read More]

While hurdles are still on the horizon, the used-vehicle industry began 2012 with some very encouraging signs for dealers, automakers, remarketers, auctions and others in the business. Given this environment, Auto Remarketing took a deep dive into these used-car opportunities and challenges from the first half of 2012 in a special “Used-Car Market Intelligence Report." […] [Read More]