Retail
AIADA concerned about major changes or elimination of NAFTA
Friday, Oct. 13, 2017, 04:21 PM
Auto Remarketing Staff
With President Trump evidently having no objections to seeing the North American Free Trade Agreement (NAFTA) potentially disappear, the American International Automobile Dealers Association (AIADA) expressed great concern over the impact changes to the policy involving the U.S., Canada and Mexico would likely have on the cost of vehicle prices. This past Wednesday, Trump hosted […] [Read More]
NIADA picks Wheel’s Automotive as exclusive supplier of CPO point-of-sale tools
Thursday, Oct. 12, 2017, 02:40 PM
Auto Remarketing Staff
A service provider sporting relationships with nearly 20 automakers now is in place to help independent dealerships retail certified metal. Wheel’s Automotive Dealer Supplies has been selected by the National Independent Automobile Dealers Association as the exclusive supplier of point-of-sale merchandising, collateral and printing services for the NIADA Certified Pre-Owned program. Wheel’s Automotive, which also […] [Read More]
NADA chair describes how stair-step incentives kills trust in dealers, brands
Wednesday, Oct. 11, 2017, 06:27 PM
Auto Remarketing Staff
It’s probably been a topic mentioned during sales staff meetings and around the coffee pot at franchised dealerships — stair-step programs sometimes leveraged by automakers to incentivize stores to get new metal rolled over the curb. Current National Automobile Dealers Association chairman Mark Scarpelli took on the subject this week within a test drive of […] [Read More]
J.D. Power’s O’Neill to retire in March
Wednesday, Oct. 11, 2017, 05:32 PM
Auto Remarketing Staff
J.D. Power chief executive officer and president Finbarr O’Neill will retire in March, the company announced Wednesday. In a news release, the company said O’Neill will stay on during the transition process when the new CEO takes the helm. Following that transition, he will be a senior adviser for J.D. Power. O’Neill has been with J.D. […] [Read More]
Spireon donates $100K to NIADA for hurricane relief; IIADA names dealer of the year
Wednesday, Oct. 11, 2017, 05:11 PM
Auto Remarketing Staff
NIADA announced Tuesday that Spireon will contribute $100,000 to the NIADA Foundation's Disaster Relief Fund to help members of the automotive community recover from hurricanes Harvey and Irma. The association said Spireon chose to give to the NIADA Foundation Disaster Relief Fund because it was the quickest way to contribute to the customers and the […] [Read More]
AutoNation head unveils statue with Fort Lauderdale mayor for Breast Cancer Awareness Month
Monday, Oct. 9, 2017, 07:07 PM
Auto Remarketing Staff
AutoNation announced Monday that chief executive Mike Jackson recently joined Fort Lauderdale, Fla., Mayor John Seiler to unveil a giant pink ribbon statue on Fort Lauderdale Beach in recognition of Breast Cancer Awareness Month. The 20-foot tall statue symbolizes the importance of raising awareness and funding for breast cancer. It will be on display throughout the month of […] [Read More]
KeyBanc dealer survey recaps August used slowdown
Friday, Oct. 6, 2017, 04:11 PM
Auto Remarketing Staff
Along with projecting how third-quarter results might land for a trio of the large publicly traded dealer groups, KeyBanc Capital Markets recently shared its latest dealer survey that offered more clarity on how much Hurricane Harvey impacted used-vehicle sales in August. The survey results showed just a third of dealers who participated had used-vehicle sales […] [Read More]
Michigan dealer set to be 2018 NADA chairman
Wednesday, Oct. 4, 2017, 03:59 PM
Auto Remarketing Staff
NADA’s top dealer leader again is hailing from near the Motor City. The National Automobile Dealers Association’s 63-member board of directors elected Wes Lutz as chairman for the 2018 term. “I am honored to serve as NADA chairman as we begin the next century following NADA’s 100 years of existence,” said Lutz, who represents Michigan’s […] [Read More]
Costco Auto Program launches GM holiday sale
Wednesday, Oct. 4, 2017, 03:50 PM
Auto Remarketing Staff
The Costco Auto Program announced Wednesday that its most well-known promotion in conjunction with General Motors, the Holiday Sales Event, has launched and will run through Jan. 2. The exclusive member offer features GM supplier pricing and most current GM incentives, according to Costco. This year’s program includes a wide range of both 2017 and […] [Read More]
Best-ever 3rd quarter for CPO vehicle sales
Wednesday, Oct. 4, 2017, 02:35 PM
Joe Overby, Senior Editor
With the best third quarter ever and a sales increase of more than 6 percent in September, the certified pre-owned market passed the 2 million unit sales mark for the year. The market remains ahead of the 2016 pace by one percent, meaning another record year is likely in the works. Autodata Corp., which released updated CPO sales […] [Read More]
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