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]

Big news within the certified pre-owned market.  An all-new stand-alone pre-owned store concept from one of the largest public dealer groups. Used-car value retention. The used models that attract the most shoppers. Major moves announced by the industry’s biggest players. These were among the many topics in Auto Remarketing toward which readers gravitated in 2013. […] [Read More]

Flint Auto Auction has named its new assistant general manager, an industry veteran whose resume includes tenures at ADESA and Manheim. FAA owner and President Bill Williams made the staffing announcement, naming Greg Price as assistant general manager. Price comes to FAA with more than 25 years of experience in auction marketing and operations.  "Greg […] [Read More]

Late Thursday afternoon, Dealertrack Technologies announced it has reached a deal to acquire Dealer.com. The companies entered a definitive agreement, under which Dealertrack would purchase the entire equity of Dealer.com for about 8.7 million shares of Dealertrack common stock and $620 million cash. The deal is subject to customary post-closing adjustments, the companies said, and […] [Read More]

Though analysts offered no short-term good news in regards to Canadian leasing levels, movement in the new-car market could spell more off-lease vehicles in the future. That is, if OEMs are able to turn consumers away from long-term loans and point potential buyers toward leasing. New-car sales in Canada are soaring. Why is this important […] [Read More]

Acura Canada announced two recalls this week that affect more than 3,000 model-year 2014 units in Canada. First, Acura said it is recalling  3,074 MDX vehicles from the 2014 model year to inspect and, if needed, tighten or replace bolts used to secure the propeller shaft, a component of the all-wheel drive system. “During assembly, […] [Read More]