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Retail
Safeguarding dealer assets part of new Brady Ware business model
Wednesday, Apr. 17, 2019, 06:01 PM
Auto Remarketing Staff
Midwest auto dealer accounting and financial services firm Brady Ware Dealership Advisors wants to help dealerships with more than their accounting functions. Brady Ware is launching a new business model that includes providing consulting services to help dealers focus on being more tax-efficient. The company says that will help safeguard dealership assets and help dealerships […] [Read More]
March CPO vehicle sales in record form
Tuesday, Apr. 16, 2019, 04:55 PM
Joe Overby, Senior Editor
It was quite a March in the certified pre-owned vehicle market. Citing information from Autodata, KAR Auction Services chief economist Tom Kontos said in his latest monthly report that certified sales last month “were the highest ever,” beating March 2018 figures by 2.7%. What’s more, there was a 25.7% month-over-month hike in CPO sales for March; […] [Read More]
Tax season, and strong pre-owned offers, in full swing
Friday, Apr. 12, 2019, 06:53 PM
Auto Remarketing Staff
Qualified buyers seeking to finance a certified pre-owned Nissan Leaf or Nissan Altima can get the following deal: Through the end of April, Nissan is offering 3.99% interest for up to 60 months on any certified pre-owned version of the vehicles. That is just one of several offers that Autotrader is describing as a top […] [Read More]
McCarthy joins Brady Ware, merges his practice into the firm
Friday, Apr. 12, 2019, 05:25 PM
Auto Remarketing Staff
Sean McCarthy has worked as a CPA for 30 years. He spent his first decade with a local firm before serving as chief financial officer of two of Columbus’ largest automotive groups. Now, McCarthy is joining Brady Ware Dealership Advisors — an accounting and financial services company for auto dealers in the Midwest — as […] [Read More]
VW, Audi face proposed class-action lawsuit involving CPO
Friday, Apr. 12, 2019, 03:41 PM
Joe Overby, Senior Editor
Volkswagen Group of America, Audi of America and their respective German parent companies (Volkswagen AG and Audi AG) are facing a proposed class-action lawsuit filed in U.S. District Court for the Eastern District of Virginia. The consumer plaintiffs accuse the companies of having allegedly “defrauded and endangered them and others by selling vehicles labeled as […] [Read More]
Carvana debuts Chicago vending machine; launches in additional markets
Thursday, Apr. 11, 2019, 06:11 PM
Auto Remarketing Staff
It stands eight stories tall and holds up to 27 vehicles. The patented coin-operated, all-glass structure is Carvana’s newest car vending machine. Located in Chicago, the vending machine provides what Carvana describes as a “memorable pick-up experience” for customers who purchase their vehicles on Carvana.com. The company debuted the newest machine on Wednesday. In addition, also […] [Read More]
Gibson named director of business development for NIADA
Wednesday, Apr. 10, 2019, 08:28 PM
Auto Remarketing Staff
For nearly 20 years, James Gibson led data distribution growth and expansion efforts at NADA Used Car Guide, which is now known as J.D. Power Valuation Services. Now Gibson is taking on a new role as director of business development for the National Independent Automobile Dealers Association. In his new role, Gibson will work with NIADA senior […] [Read More]
‘Opportunity’ abundant in CPO, but there’s a ‘learning curve’ for consumers
Tuesday, Apr. 9, 2019, 06:10 PM
Joe Overby, Senior Editor
In the Used Vehicle Outlook report from Edmunds is a graph with Google Trends data showing relative search interest for certified pre-owned vehicles since 2013. While there have been ebbs and flows throughout the past six years, the general trend line has been a gradual climb in CPO relative search interest, according to the Google […] [Read More]
CarMax Foundation helps to fund places to play for military children
Monday, Apr. 8, 2019, 07:04 PM
Auto Remarketing Staff
As a military veteran, CarMax Foundation president Matt Aman is well aware of the stress military families face. He also knows how important play is to children of military members. “When you are deployed and away from your family, knowing that they are happy, healthy and supported in the community allows you to focus on the […] [Read More]
New sales records for Costco Auto Program
Friday, Apr. 5, 2019, 05:41 PM
Auto Remarketing Staff
The Costco Auto Program is described as a member-focused auto-buying service that offers prearranged pricing on new and select pre-owned vehicles, RVs, motorcycles and powersports products. The program offers discounts on auto parts, service and accessories for U.S. Costco members. Affinity Auto Program has operated the program since its inception in 1989. According to numbers […] [Read More]
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