The downward impact on used values from a $1,000 cash incentive on a new car is more than three times as high as the impact from a finance incentive of the same amount. And it’s more than six times as high as the value reduction from a $1,000 lease incentive. That’s according to the latest […] [Read More]

Not only did used-car sales go up more than 4 percent last month, significantly more people ventured out of their own markets to buy used vehicles. That’s according to CNW Research, which said Monday that there were 3.10 million used sales in November, a 4.5-percent year-over-year increase. And the number of those buyers who left […] [Read More]

The Costco Auto Program has shared with Auto Remarketing its top 10 most-requested certified pre-owned vehicles for November, and the list shows two brands, in particular, leading the pack by a wide margin. The Honda and Toyota brands combined for eight of the 10 spots, with Lexus and BMW each earning a spot, as well. […] [Read More]

Two new auctions open this week in the United Vehicle Auction family, giving auto dealers new places to buy and sell inventory. John Brasher, president of Brasher’s Auctions, which is the parent company of UVA, has announced the two new markets are in Los Angeles and Salt Lake City. Both locations open on Wednesday for […] [Read More]

There’s an art and science to crafting compelling descriptions for used vehicles—and plenty of questions among dealers about how to make their descriptions shine online. One common misconception: The descriptions that appear on search results pages (SRPs) and vehicle details pages (VDPs) on classified and dealer websites aren’t really the best home for dealers’ search […] [Read More]

As the weather cools, seasonality normally takes charge, pushing wholesale values down for exotic and sports vehicles. But this isn’t the case this time around. But with winter also come some of the most popular exotic and collector car auctions of the year. According to Black Book’s Ricky Beggs, it seems everyone in the remarketing […] [Read More]

The ADESA Canada Used Vehicle Price Index powered by ALG Canada has been updated through October, and it shows wholesale prices have recently seen one of the biggest drops this year. With all segments experiencing negative price movement, the index shows that wholesale prices fell on average by 0.5 percent month-over-month in October. As winter […] [Read More]

Last week, ARI appointed three of its leaders to serve as executive vice presidents and join a new executive committee that will head up the ongoing development and execution of its strategic plan. Named executive vice president of global operations is Chris Conroy, and appointed to the role of executive vice president of fleet management […] [Read More]

According to CNW Research’s latest analysis, days’ supply of used vehicles and pent-up consumer demand for used models are rising in tandem. Those pent-up demand trends appear to be particularly good news for dealers since CNW president Art Spinella said “the dam is breaking.” The firm reported in latest Retail Automotive Summary that the average […] [Read More]

Interestingly, this past holiday week, wholesale price declines were expected to come to a halt. According to NADA Used Car Guide predictions provided last week, wholesale price movement was expected to “stagnant” over the course of the current week as NADA expected overall prices to remain unchanged versus the two-week average. And a few segments […] [Read More]