Retail
Online campaign yielding 17% of Texas dealer group’s brand sales over 30 days matches buyers with ads
Friday, Apr. 6, 2018, 08:50 PM
Chris Hart-Williams, Staff Writer
Aimed at helping dealers justify their ad budgets, a proprietary digital solution designed to show just where ad dollars are going each month can match car buyers with the exact display campaign messages that initially brought them in the door. A Texas dealer group that used the solution called DataMatch to increase the sales of a particular brand during a […] [Read More]
Dealer associations cheer Supreme Court ruling that service advisers are exempt from overtime
Friday, Apr. 6, 2018, 02:17 PM
Auto Remarketing Staff
National Automobile Dealers Association (NADA) and the National Independent Automobile Dealers Association (NIADA) both celebrated this week when the U.S. Supreme Court made a ruling in their favor. The associations recapped that on Monday the Supreme Court ruled automotive service advisers are not covered by the Fair Labor Standards Act’s overtime pay requirement, the final […] [Read More]
Slower CPO car sales? Not the case in March, as industry sets record
Thursday, Apr. 5, 2018, 04:24 PM
Joe Overby, Senior Editor
Granted, March tends to bring the year’s best certified pre-owned sales results anyway, but the CPO market was especially impressive last month, showing no signs of leveling off. In fact, last month had the strongest CPO sales total of all time, according to Autodata Corp., which said dealers moved 258,970 certified vehicles in March. […] [Read More]
Karma Automotive to debut 2nd TV spot during Masters Golf Tournament
Wednesday, Apr. 4, 2018, 05:57 PM
Auto Remarketing Staff
Karma Automotive announced Wednesday that it will run a spot featuring the Revero being driven in several Southern California locations during CBS' pre-coverage of the 2018 Masters Golf Tournament. Titled "Born in California," the spot is the company’s second network television commercial. "CBS coverage of the Masters kicks off spring for many parts of the nation, […] [Read More]
Changing retail market prompts some dealers to get bigger or get out
Monday, Apr. 2, 2018, 07:43 PM
Arlena Sawyers , Correspondent
Dealership buyers who are seeking economies of scale and scope for their businesses and dealership sellers bent on getting as much as they can for their stores while the getting is good, are strengthening an already active buy/sell market. Erin Kerrigan, managing director of Kerrigan Advisors, a dealership buy/sell advisory firm in Irvine Calif., said […] [Read More]
Latest KeyBanc dealer survey highlights ongoing challenge of maintaining gross
Monday, Apr. 2, 2018, 04:01 PM
Auto Remarketing Staff
As the industry counts how many used vehicles were retailed during March, the dealer survey orchestrated by KeyBanc Capital Markets in February gauged how stores continue to have some struggles despite rising turns in their used departments. Survey orchestrators reported that gross-profit trends continued to reflect competitive pressure in new and used segments, which should […] [Read More]
SiriusXM partners with Enterprise Car Sales to provide customers a 3-month listening package
Monday, Apr. 2, 2018, 03:33 PM
Auto Remarketing Staff
SiriusXM and Enterprise Car Sales announced Monday the Enterprise Rent-A-Car brand is the latest to join the SiriusXM Pre-Owned Program made up of nearly 30,000 dealers. Enterprise Car Sales pre-owned customers who purchase vehicles factory-equipped with SiriusXM can now receive three-month subscriptions to the SiriusXM All Access audio package that includes any available SiriusXM Infotainment services. […] [Read More]
Typically robust March new sales might give way to rising used turns later in 2018
Thursday, Mar. 29, 2018, 03:16 PM
Nick Zulovich, Staff Writer
Three leading automotive analysis outlets are projecting a typical bump in new-vehicle sales usually seen in March. But at least one expert is seeing the potential softening new-model retail sales being a propellant for used-vehicle turns, which already are expected to improve in March. Edmunds estimated 3.7 million used vehicles will be sold in March; a […] [Read More]
Carvana launches 2nd car vending machine in Florida
Thursday, Mar. 29, 2018, 03:14 PM
Auto Remarketing Staff
After announcing earlier this week it entered the Denver market, ecommerce platform for buying used cars Carvana revealed Thursday it has also launched its newest car vending machine in Tampa, Fla. The automated, coin-operated marching is eight stories high and holds up to 32 vehicles. This is the company’s second car vending machine in Florida, […] [Read More]
NIADA roundup: New relationships with DriveItAway, Solera and PGW Auto Glass
Tuesday, Mar. 27, 2018, 08:09 PM
Auto Remarketing Staff
With conference season in full swing, the National Independent Automobile Dealers Association continued preparations for its big event this summer by aligning with a trio of service providers aimed at helping operators who do not have a direct connection to an automaker. DriveItAway, the first company dedicated to equipping dealers with the tools to participate […] [Read More]
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