Retail
Kansas City Enterprise Locations Support Local March of Dimes
Auto Remarketing Staff
Enterprise Car Sales announced today that its locations near Kansas City will help raise funds for the March of Dimes Greater Kansas organization to help support the nonprofit’s Kansas City March for Babies event on May 3. The Enterprise locations in Independence, Mo. and Merriam, Kan. Will donate $100 for every vehicle sold in April […] [Read More]
Marketing Spend, Operations Key to Dealer Profitability
Sarah Rubenoff, Staff Writer
Brand new research to hit the market is working to debunk the assertion that factors driving dealer success and profitability remain beyond the industry’s control. Instead, the new report — released by McKinsey & Company, in cooperation with NADA — titled, “Fast Forward: How U.S. Auto Dealers Can Drive Sustainable Economic Performance in the Digital Age,” […] [Read More]
Sales Could Jump 24% If Consumer Experience Improves
Auto Remarketing Staff
If your store isn’t already moving metal at a steady clip, perhaps the results of the newest DrivingSales analysis should be uplifting since it includes a projection of sales growing by as much as 24 percent if the retail experience improves. The DrivingSales Consumer Experience Study uncovered what orchestrators called “profound” changes in consumer expectations, […] [Read More]
NADA: There Is No Used-Car Bubble
Josh Hyatt, Staff Writer
Representatives from the National Automobile Dealers Association hosted its quarterly economic press briefing on Monday to set the scene for Tuesday's NADA / J.D. Power Automotive Forum. And the tone set by NADA for the remainder of the year and coming years was remarkably positive. Perhaps one of the strongest examples of that attitude was […] [Read More]
Demand For Sports Cars Heats Up Alongside Weather
Sarah Rubenoff, Staff Writer
As we draw closer to the summer months — prime time for a road trip with the top down — sports cars continue to be in high demand and low supply. That’s according to Autotrader’s February installation of late-model used and CPO scarcity reports. For example, the CPO Porsche Cayman was the No. 1 scarcest […] [Read More]
Demand Shows CPO Shoppers ‘Shrugging’ Off GM Recalls
Sarah Rubenoff, Staff Writer
Even though last year marked one of the ugliest recalls for General Motors — as well as one of the biggest ever for the industry — demand for GM vehicles remains strong as supply dwindles. According to the February installation of AutoTrader.com’s scarcity reports provided to Auto Remarketing, even though GM recalled 5.88 million vehicles […] [Read More]
29 Luxury Units That Could Spark CPO Sales
Auto Remarketing Staff
The March issue of Perspective produced by NADA Used Car Guide explained how dealers can structure their inventory and make a presentation to a potential buyer about how they may be able to score a luxury model even if they only have a mainstream unit budget. By leveraging the possibilities of a certified pre-owned vehicle, […] [Read More]
Mazda Foundation Tackles Distracted Driving Awareness
Auto Remarketing Staff
The Mazda Foundation, the OEM’s philanthropic arm, is teaming up with the After-School All-Stars to help bring awareness to the dangers of distracted driving. The Atlanta chapter of the After-School All-Stars — a provider of year-round afterschool programs — is partnering with the Mazda Foundation and Project Yellow Light to host the upcoming “Super Saturday […] [Read More]
March Used Sales Forecast Faces Tough Comparison
Auto Remarketing Staff
Perhaps coming up against the difficult year-over-year comparison analysts noticed on the new-car side, TrueCar is projecting a slight softening in used-vehicle sales this month. TrueCar forecasted that March’s total used sales, including turns at franchised and independent dealerships as well as private-party transactions, may exceed 3,581,085, which would be down 0.9 percent compared with […] [Read More]
Recall Roundup: Ford, Mercedes & Toyota Actions
Auto Remarketing Staff
Ford has announced three separate safety recalls for North America. Most prominent among them is the recall of 212,911 units from certain 2011-2013 Ford Explorer and Ford Police Interceptor Utility vehicles that may have a potential issue with the spring that controls the interior door handles. The company says if the spring is unseated, the […] [Read More]
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