The nation’s franchised dealership network continued what has been a “new normal pattern of stability” following the auto downturn at the end of the 2000s. Urban Science released its 2015 year-end Automotive Franchise Activity Report on Monday, finding that the 18,087 franchised dealership rooftops at the end of the year beat prior-year figures by 0.7 percent. There were […] [Read More]

BSC America president R. Charles Nichols recently announced the promotion of Chuck Wenzel to the position of sales director for the company’s specialty division. Wenzel, who previously served as assistant general manager at Bel Air Auto Auction, will be in charge of powersports, boats and RVs as well as truck and equipment sales with BSC’s […] [Read More]

Last month’s auction sales volume accelerated from December, but still was softer than the year-ago period. That’s according to the February Guidelines report from NADA Used Car Guide, which said there were 322,200 vehicles 8 years old or newer sold at auction during the four weeks ending Jan. 25. That beat the prior month by 38 […] [Read More]

If you’re embracing technology as a dealer, you’re likely already swimming in a sea of acronyms. You’ve got your CRM. Your DMS. You’ve got things covered from SEO all the way to F&I. But perhaps a lesser known acronym, VRM, or vehicle relationship management, seems to have a bit more vague definition depending on whom […] [Read More]

Auto Remarketing will be running its semiannual Spotlight on Commercial Consignors in our March 15 print publication, but with some important changes to how the listings are being compiled. If you are a commercial consignor and would like your company included in this FREE listing, you must provide all of the following to Auto Remarketing by Feb. 26 — even if you have […] [Read More]

Gas prices are low, and shoppers in 2015 turned more and more to SUVs and trucks for their next vehicle purchases. Consequently, the electric-vehicle market hasn’t made the headway in terms of market share that many were expecting. That said, the tides could be turning — and let’s face it, gas prices will most likely […] [Read More]

Penske Automotive Group released its fourth-quarter and full-year financial results on Thursday, claiming 2015 as the most profitable year in company history. This was powered, in part, by an 8.98-percent year-over-year increase in total global used-vehicle sales, which reached 198,459 units. This contributed to the group’s increase in total automotive retail units of 11.9 percent compared to 2014. Excluding foreign […] [Read More]

As the industry gears up for the early-spring selling season, depreciation is slowing down, per historical trends. According to the latest Guidelines report from NADA Used Car Guide, wholesale vehicles prices were flat in January, falling by only 0.1 percent from December. That said, while the change was slight, January’s decline was slightly worse than […] [Read More]

It’s that time of year again – Auto Remarketing is now officially accepting nominations for the Women in Remarketing Class of 2016. Don't miss the opportunity to honor the exceptional women of the remarketing industry, who drive businesses such as auctions, consignors, dealerships, captive finance companies and more. Do you work with a female colleague […] [Read More]

A recent TransUnion survey found that three in four lenders said it is increasingly difficult to find and acquire new customers. Meanwhile, nearly 75 percent of respondents acknowledged they are challenged by a continued low interest rate environment, which is spurring more competition for a pool of consumers who receive multiple credit offers. Analysts explained […] [Read More]