Auto Remarketing reached out to five industry analysts Wednesday to obtain their perspectives on how used-vehicles sales might behave in 2011. Each one pointed toward  toward positive gains in the industry stemming from factors such as a slowing improving economy, thawing credit availability, pent-up demand and new-vehicle sales on the move upward, too. Art Spinella, president […] [Read More]

Now that dealers have turned the page to a new year, the Pre-Owned Automobile Dealers Alliance is rolling out its first free Webinar of 2011 to get dealership management ready for the retail market ahead. The next installment of Pre-Owned: LIVE, titled “The Value of Front-Line Ready Vehicles,” is gathering a trio of industry experts […] [Read More]

The new ownership of Volkswagen of Corpus Christi has recently gained approval from the automaker. Progress at the dealership has been rolling along for months, the store says. Partners Leo Griggs, Eddie Lee and Luis Perez bought the dealership back in June, and since then, they say it has shown a significant turnaround from what […] [Read More]

To capitalize on BMW receiving five 2011 Best Resale Value Awards from Kelley Blue Book, a New Jersey franchise is rolling out special lease promotions on select models. BMW of Morristown is advertising a 36-month lease on a 2011 BMW 328i for $459 per month with no down payment. Additionally, the store is featuring a lease […] [Read More]

Like many others in the industry, the leadership at Volkswagen Group of America recognizes the increasingly important — and profitable — role that the certified pre-owned segment plays in today’s auto market. And as many in the industry can attest, there are certainly benefits to ramping up things on the certified side, such as fostering greater customer loyalty. [Read More]

The National Automobile Dealers Association broadened its scope of NADA University partners by bringing in a new one to boost its human resources offerings. The newest partner aimed at providing comprehensive education and training resources for dealers and their staffs is EZ-HR, an online human resources trainer. The association emphasized NADA University now offers dealers a […] [Read More]

Penske Automotive Group recently acquired a pair of franchise dealerships in the Cleveland metropolitan area consisting of Fred Baker Porsche and Audi franchises in Bedford, Ohio. The company plans to rename the showrooms Porsche of Bedford and Audi Bedford. Other terms of the transaction are not being disclosed. Penske did explain the acquisition is meant […] [Read More]

Auto Remarketing recently heard from CarMark Certified Pre-Owned dealers about what kind of results they are seeing with the program. One of the dealers represents an independent lot established in 1974. Another CarMark dealer joined the program after losing his franchise designation because of General Motors’ restructuring. What do both stores have in common? They’re witnessing strong success at boosting profits and customer relationships with […] [Read More]

In addition to announcing the most-searched for 2010 used vehicles on its site, CarMax revealed that comparable-store used sales climbed 16 percent for the fiscal third quarter. Explaining this uptick to investors, the chief executive officer said this figure represents the company’s strongest comparable in several years. [Read More]

Auto Remarketing recently learned that Kia Motors America has now partnered with both AutoTrader.com and Experian Automotive to enhance its certified pre-owned program. As part of the deal with AutoTrader.com, the site will now display Kia’s certified inventory prominently. [Read More]