The National Automobile Dealers Association, which is set to host its annual NADA Show convention this month in New Orleans, released a statement Wednesday following the terrorist attack on Bourbon Street in the city’s French Quarter during the wee hours of New Year’s Day. The trade association is working with city officials and law enforcement […] [Read More]

The Federal Trade Commission didn’t sit idle this holiday season, especially when policing car dealerships. The regulator made separate announcements before and after Christmas involving two dealer groups that operate more than a dozen stores. The first action was connected with Leader Automotive Group and its parent company, AutoCanada. Officials ordered the retailer to pay […] [Read More]

The last week of 2024 brought an easing to the continued downward trend of the Canadian used-vehicle wholesale market. Values fell 0.21% for the week ending Dec. 28, according to Canadian Black Book’s weekly Market Insights report, a milder drop than the 0.33% decline the previous week and far smaller than the 0.64% plunge of […] [Read More]

One thing that never changes in the used-car business is change. Which means dealers must always be ready to adapt. That, of course, includes the certified pre-owned sector. The supply of used vehicles suited for certification is shrinking. Costs have risen for both new and used cars, making affordability a critical issue for consumers. And the rise of used electric vehicles begs the question of how they can find a way into the CPO mix. During Used Car Week 2024 in Scottsdale, Ariz., four industry experts assembled to discuss those issues, their effect on the CPO sector and ways dealers and other stakeholders can ... [Read More]

It’s been almost 30 years since Lexus launched the industry’s first certified pre-owned program, during which CPO has grown into a strong and important sector of the used-vehicle market. But after all those years, car dealers are still learning and finding better ways to sell customers on the CPO experience. In a panel session during Used Car Week 2024 in Scottsdale, Ariz., titled “Best Practices from Best CPO Dealers,” moderator B. Miller of Cars Commerce asked four dealers to discuss what they’re doing at the dealership to give car shoppers confidence about buying a CPO vehicle ... [Read More]

The Cherokee Media Group team wishes you a safe and happy holiday season and a joyous new year. Friday’s issue of Auto Remarketing PM will be the final regularly scheduled e-newsletter from our team in 2024 before we take a holiday break. The Auto Remarketing e-newsletters will resume with the Auto Remarketing Canada enewsletter the morning of Jan. 2. […] [Read More]

It’s been a milestone week for Open Lending Corp., which announced the certification of the 1 millionth contract through its Lenders Protection decisioning engine. Company leadership said this achievement underscores Open Lending’s ongoing efforts to empower financial institutions to grow their portfolios, create access to vehicle ownership, and drive innovation in the automotive finance industry. […] [Read More]

Matt Bradley knew that he would soon become the CEO of Super Dispatch. But few, if anybody, in the Used Car Week exhibit hall did. So, as he walked the expo hall floor last month, “surveying” attendees to get their take on the transportation management company, it was a bit like something out of “Undercover Boss” on CBS.  “I went around the floor and ... [Read More]

If it seems you can buy anything on Amazon, well, that just got one step closer to reality. Now you can buy a car on Amazon. Specifically, vehicle shoppers in 48 U.S. cities can now order, finance and schedule pickup of a new Hyundai from a local participating dealer directly from the Amazon platform. The […] [Read More]

A very special Toyota Camry was sold this month. The Supersonic Red 2024 Camry, sold from Sheehy Toyota of Laurel in Laurel, Md., was the 8 millionth vehicle sold in the U.S. through Toyota’s certified pre-owned vehicle program. In a news release, Toyota Motor North America said its CPO program, Toyota Certified Used Vehicles, is […] [Read More]