Edmunds.com recently shed some light on which used cars have been the hottest for franchised dealers.   The site found that the fastest-selling 1- to 5-year-old vehicle for franchised dealers in November was the Lexus RX 400h; and when taking all age vehicles under consideration, the fastest seller was the Suzuki Grand Vitara. Specifically, the […] [Read More]

Immediately after announcing the move that Dealertrack Technologies’ top executive contends will leave the company “positioned to transform automotive retailing,” dealers evidently gave Mark O’Neil their approval of the acquisition of Dealer.com in a deal approaching $1 billion. During a conference call less than two hours after the company made the acquisition announcement public while […] [Read More]

When asked what he saw as the big challenges and opportunities ahead for companies like his in the vehicle transportation space, Bill Billiter of MetroGistics said capacity, and finding strong, qualified drivers, will be pivotal for the next two years. “Because we haul for all the manufacturers, we have a very strict onboarding process,” he […] [Read More]

CarMax saw record results for its fiscal third quarter of 2014, with total used unit sales rising by 15 percent. And that was one of many double-digit increases the company reported. The company also enjoyed a 10-percent rise in used unit sales in comparable stores over the year-ago period. This spike was due in part […] [Read More]

Two growing regions mean two new facilities for Insurance Auto Auctions, as the company expands its footprint in North America. IAA has announced the opening of a new facility in Fayetteville, Ark., and the relocation of its Anchorage, Alaska site to a larger facility in the region. These actions significantly increase IAA's capacity, the company […] [Read More]

RedBumper has announced that it will be launching a new-car inventory management system at the National Automobile Dealers Association Convention in New Orleans. New Car IQ  is designed to offer both individual dealers and dealer groups a comprehensive set of inventory management analysts for the new-car side of the business, and serve as an as […] [Read More]

After used-car prices rose dangerously close to new-car price tags after the recession, pre-owned prices have started to ease this year. And Cars.com reported Thursday that December late-model used-car prices hit a new low for 2013. Rates have fallen $117 from November to rest at an average of $21,952, the site reported on its Kicking […] [Read More]

The entire team at Auto Remarketing and Cherokee Automotive Group wishes you a safe and happy holiday season and best wishes for the New Year. This issue of Auto Remarketing Today will be the final edition of 2013 before we take a holiday break. Your interest, support and readership are much appreciated, and we thank […] [Read More]

Advertising and marketing is what drives a significant portion of brand popularity and sales in the automotive industry. And automakers are getting more and more creative. As 2014 approaches, Auto Remarketing talked with experts from Phoenix Automotive to pick out some of the overarching marketing themes this year and which ones really hit home. Top-of-mind […] [Read More]

ADESA’s Tom Kontos surmised that traffic with used-vehicle showrooms is keeping price action in the lanes strong. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, prices in November averaged $9,750, up 1.7 percent compared to October and 2.1 percent relative to November of last year. Kontos mentioned that […] [Read More]