Auto Remarketing is hosting NADA Used Car Guide for a free webinar to help dealerships smooth out what consumers consider one of most dreaded parts of the buying process. During the free session titled, “Close More Deals, Negotiate Less,” a pair of NADA UGC experts will ask dealers how satisfied their customers are with the […] [Read More]

After wrapping up the weakest third quarter for used prices observed since 2002, fourth-quarter rates are expected to continue dropping as fall marks one of the softest seasons for the lanes. Black Book analysts reported on the eight segments expected to lead Q4 depreciation. The team predicts luxury-level segments, which has been dropping in price at a […] [Read More]

There were two key factors driving down used-car gross margins for Asbury Automotive Group during the third quarter, but the period had some very positive results in both pre-owned and overall results.  Starting with some of the used operational results, Asbury’s Q3 same-store used retail gross profit was up 1 percent at $31.9 million.  Executive vice president […] [Read More]

Sonic Automotive reported its third quarter results today, highlighted by several all-time records. In addition to setting an all-time record for new retail unit sales (36,301 units, up 6.5 percent year-over-year), Sonic also set a new all-time record for pre-owned gross profit, revealing a 5.8-percent increase year-over-year with a pre-owned gross profit of $41.2 million. […] [Read More]

Two of the companies participating at this year’s Re3 Conference — Consolidated Asset Recovery Systems and van Wagenen Financial Services — announced a strategic marketing agreement to create a one-stop solution for reducing risk and charge-offs on auto loan and lease portfolios.  Under the partner agreement, the companies explained they will cross-sell each other’s products, […] [Read More]

Dealers who participated in KeyBanc Capital Markets’ monthly automotive retail industry update survey gave some candid comments about their used-vehicle prospects, especially in light of 44 percent of respondents saying they expected gross profit per unit to soften by about $50. Despite that gross-profit expectation, the vast majority of dealers surveyed in September (78 percent) […] [Read More]

Prices for all segments in the lanes were falling last month, but one more fuel-efficient SUV segment lead the pack with a sizeable drop. According to the ADESA Canada Used Vehicle Price Index, compact SUV prices fell by 7.6 percent, or $891, in September. This was by far the largest decline after the index fell […] [Read More]

Auto/Mate Dealership Systems announced this week a product development that company management says will streamline dealership workflow. The company has integrated its dealerships management system with etfile’s electronic document management solution. Now, dealers using the etfile document imagining, filing and retrieval system can now get deals from F&I and repair orders from service, via delivery […] [Read More]

Remarketing of America announced this week its new partnership with WALZ. The communications compliance services offered by WALZ will help ROA provide compliant, critical default notices to its clients during the early- to late-state collections process to help comply with the various complex regulatory conditions throughout the United States. Emory White, the president and chief […] [Read More]

Cox Automotive announced this week the integration of two of its dealer management tools. With this integration, data from VinSolutions CRM can be accessed via the vAuto Provision suite, helping dealers make better inventory management decisions while using Provision. Randy Kobat, the vice president and general manager of vAuto, believes the integration will be mutually […] [Read More]