Technology in automotive dealerships has come a long way in the past decade, and now some stores equip their salespeople with tablets and have a dedicated e-commerce and marketing staff. That said, many dealerships either don’t have the resources for the aforementioned initiatives, or are not sure where to start to create a digital strategy. […] [Read More]

The AutoWurld subscription-based wholesale network now has transportation services available. The company has partnered with United Road, adding auto transport to the list of third-party volume-priced support services that AutoWurld member dealers receive at a discounted rate. That list also includes warranty and inspection services. The launch of AutoWurld was announced in early March, and […] [Read More]

Equifax is reporting two main indicators of auto finance market health — outstanding balances and severe delinquency rates — continue to move along steady upward courses. According to analyst data available through March, outstanding balances on total auto loans and leases increased 9.9 percent year-over-year to $985.6 billion. Equifax also indicated the number of outstanding […] [Read More]

The Policaro Automotive Family announced Tuesday that three of its premium dealerships have earned acknowledgements from their manufacturing partners for their sales performance and customer service. The three dealerships represent three different manufacturers, which include Acura 2000 and Northwest Lexus of Brampton, Ontario, as well as Porsche Centre Oakville. The awards were announced in separate […] [Read More]

Ontario’s all-in pricing regulation is still causing trouble for dealers, and the issue is top-of-mind for Ontario Motor Vehicle Industry Council management. In fact, the organization put out another bulletin on the issue just this spring, reminding dealers “there can be no hidden fees; no surprises.” And to get a handle on the top regulatory […] [Read More]

PCG Research’s report about dealers who leveraged strategy promoted by The Next Up indicated 85 percent of stores that changed from an open sales floor process (OSFP) to a managed retail sales process (MRSP) sold more vehicles. Through surveys with more than 100 automotive professionals using The Next Up, the PCG Research report titled, Transforming […] [Read More]

Indulge me for a minute. I want you to think back to the last major purchase you made. It could’ve been a car — for yourself or for a loved one. It could’ve been tuition. It could’ve been a house, or a house repair. Or a vehicle repair. Whatever it was, it comes to mind […] [Read More]

Many in the industry may have wondered why prices in the collectible car market have been soaring as of late. In fact, according to Black Book data, exotic vehicles appreciated by 38.3 percent year-over-year in April. For those wondering, Black Book analysts are attributing part of this steep price increase to what they are coining, the […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Levi McCoy,  who is the director of remarketing at LeasePlan […] [Read More]

Russ Darrow Jr., the founder of the Russ Darrow Group, was recently inducted into the Wisconsin Business Hall of Fame. The ceremony, which took place at The Pfister Hotel in Milwaukee on April 16, benefited the Junior Achievement of Wisconsin and marked the 25th anniversary of the Hall of Fame. One hundred past laureates were […] [Read More]