Data from the first two months of the year prompted J.D. Power Valuation Services to revise its wholesale price forecast for 2019. And depending on the state of your dealership, the updated prediction could be valuable information to help sharpen your used-car strategy. “With January and February’s weaker-than-expected performances, 2019’s outlook has worsened,” J.D. Power […] [Read More]

Yes, you’re correct. There are more vehicles flowing down the lanes nowadays. J.D. Power Valuation Services reported in the latest edition of Guidelines that auction volume in February for units up to five years in age increased by 7.3 percent year-over-year. As a result, analysts determined year-to-date wholesale volume is now 9.1 percent above the […] [Read More]

Projecting residual values is a complicated process made even more intense with the depth of features and technology in new vehicles coupled with other market factors in play. Describing how ALG handles those challenges, Nick connected with vice president strategic initiatives Alain Nana-Sinkam for a discussion during NADA Show 2019 about the future of residual-value […] [Read More]

Another finance company is seeing the potential benefit of leveraging Dealertrack Accelerated Title. After recently reaching relationships with Westlake Financial Services as well as dealer associations in Louisiana and Wisconsin, Dealertrack this week announced that KeyBank Dealer Retail Services has selected the company’s solution to help expedite its vehicle payoff and title release process with […] [Read More]

The Federal Reserve Bank of New York’s Center for Microeconomic Data recently released its quarterly report on household debt and credit.  While some pundits initially rushed to point to a negative theme — 7 million people had an auto finance contract at least 90 days delinquent in 2018 — the Fed was quick to reign […] [Read More]

Past surveys showed reasonably high acceptance toward fully self-driving cars. But that was before several high-profile automated vehicle incidents occurred about a year ago. Since then, attitudes toward self-driving cars have not rebounded, with 71 percent of participants in an AAA automated vehicle survey saying they are afraid to ride in fully self-driving vehicles. But […] [Read More]

Velodyne founder and chief executive officer David Hall has led his company’s efforts in reaching a goal of safe autonomous driving. To do that, he has provided advanced light detection and ranging, or LIDAR, sensors at automotive grade pricing. Velodyne also launched the World Safety Summit on Autonomous Technology in 2018. For efforts like that, […] [Read More]

Jim Robertson likes how the social media, intelligent lead response technology and consumer engagement company Digital Air Strike helps with his dealership’s customer satisfaction index score. “The online review monitoring is always spot on and gives us the ability to review, correct and sometimes even get the customer to change or remove negative reviews,” said Robertson, […] [Read More]

Kerrigan Advisors tabulated the figures and discovered the dealership buy/sell market recorded another year of tremendous activity in 2018, generating 6.9 percent in growth above the 2017 level and marking the fifth consecutive year of more than 200 transactions. According to The Blue Sky Report’s Year in Review released this week, analysts indicated 216 transactions […] [Read More]

According to details shared with Auto Remarketing this week, five operations have received accolades for 2018 performance through the Ford Auction Service Award Program (ASAP). The Ford ASAP is a competitive, performance-based program that monitors and rates Ford-sponsored auctions on their operational efficiency of Ford-owned vehicles throughout every step of the auction process. These steps include […] [Read More]