Perhaps showing the roots of a prolonged trend, Black Book reported that its latest Used Vehicle Retention Index — calculated using the company’s published wholesale average value on two- to six-year-old used vehicles as percent of original typically equipped MSRP — stood at 113.0 at the end of March. The reading represented a 0.8-percent decrease […] [Read More]

Car dealerships’ handling of leads outpaces other industries, according to Conversica,  a provider of artificial intelligence driven lead engagement software for marketing and sales organizations. Forty-nine percent of the dealerships in a Conversica study responded to leads within five minutes, which is the ideal window for qualification and conversion. “Internet leads are an expensive resource, […] [Read More]

Last summer, Rep. Jeb Hensarling, the Texas Republican who also is the U.S. House Financial Services Committee chairman, introduced a plan he described as a way to replace the Dodd-Frank Act and promote economic growth. This spring, the outspoken critic of the Consumer Financial Protection Bureau is circulating an update to his proposal, which includes renaming […] [Read More]

NextGear Capital announced recently that it has enhanced its website by adding more tools and resources that help dealers manage their vehicle and business needs. NextGear said its site now delivers more convenient access to information. The newly enhanced site connects dealers to increased educational resources, lending products and auction sites that accept NextGear lines […] [Read More]

Below is a Q&A with Marti Eulberg, director of brand management at Sonic Automotive and EchoPark Automotive and a 2017 Women in Remarketing honoree.  Auto Remarketing: What was your path to the automotive industry, and what do you enjoy most about working in the car business? Marti Eulberg: I don’t think it has necessarily been a path as […] [Read More]

Below is a Q&A with Wendy Gill, division vice president at NextGear Capital and a 2017 Women in Remarketing honoree.  Auto Remarketing: What was your path to the automotive industry, and what do you enjoy most about working in the car business? Wendy Gill: My journey into automotive started as far back as I can remember. My […] [Read More]

It won’t be a drastic change by any stretch, but Canada appears headed toward a modest softening in used-vehicle pricing. And like the U.S., that dip is expected to be more pronounced for cars than for trucks.  As it stands, the market has been fairly solid and steady. In a presentation here last week at the […] [Read More]

Below is a Q&A with Grace Huang, senior vice president of inventory services at Manheim and a 2017 Women in Remarketing honoree.  Auto Remarketing: What was your path to the automotive industry, and what do you enjoy most about working in the car business? Grace Huang: My path to the automotive industry was serendipitous. I […] [Read More]

Below is a Q&A with Janelle Kennedy, director of remarketing at Ally and a 2017 Women in Remarketing honoree.  Auto Remarketing: What was your path to the automotive industry? Janelle Kennedy: I grew up just outside of Detroit, Michigan, the “Motor City,” so working in the automotive industry was almost inevitable. My grandfather was a […] [Read More]

Below is a Q&A with Heather Greenawald, vice president of legal at ADESA and a 2017 Women in Remarketing honoree.  Auto Remarketing: What was your path to the automotive industry, and what do you enjoy most about working in the car business? Heather Greenawald: The people are what drew me to this industry and what I enjoy […] [Read More]