Certified pre-owned penetration of used-vehicle unit volumes within some of the largest publicly traded dealer groups was found to be as high as 35 percent, according to data from KeyBanc Capital Markets, which indicated most of the six retailers in its set had CPO shares between 25 percent and 30 percent. KeyBanc’s August survey of […] [Read More]

A new app from AutoTrader.com offers dealers an opportunity to position their inventories in front of the growing number of people who use their tablets to shop for vehicles.  The AutoTrader.com iPad app also offers car shoppers a way to find their perfect vehicle quickly, even if they’re undecided on brand. Company officials say the […] [Read More]

Last week, two Asian automakers announced vehicle recalls totaling more than 700,000 units. The larger of the campaigns came from Toyota Motor Sales USA, which said it will conduct a voluntary safety recall involving approximately 615,000 Sienna minivans from model years 2004 through 2005, and 2007 through 2009. The reason: To address problems with the […] [Read More]

Auto Remarketing is hosting the founder of vAuto’s AuctionGenius for a free webinar titled, “The Art & Science of Acquiring Used Vehicles.” Todd Kinzle, the founder and director of operations at vAuto Genius Labs, will conduct this free session beginning at 2 p.m. ET on Thursday. Kinzle plans to focus on four points during his […] [Read More]

Ever wonder how to keep your employees motivated? Customers are bound to respond positively to motivated employees who obviously enjoy their work in the dealership, but the question is how to get there. Dennis Galbraith, the new chief marketing officer at Potratz Partners Advertising covers this and more in his latest “Hard Facts with Dennis […] [Read More]

From the creators of the Auto Remarketing Power 250 comes the inaugural Auto Remarketing Canada Power 120. Auto Remarketing’s sister publication for our neighbors to the North highlights the leading companies in the Canadian remarketing industry in its brand new fall issue. As a trade publication, Auto Remarketing Canada sees itself as a partner to […] [Read More]

NEW YORK — After a nearly two-year hiatus following the credit crisis that began in late 2007, Standard & Poor's Ratings Services insisted the issuance of subprime auto loan asset-backed securities has rebounded significantly. In their latest report, analysts highlighted the wave of growth since 2010 has come hand-in-hand with a relaxation in lending standards […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express recently completed integration with RouteOne to allow independent dealers that use the Web-based financial services and technology provider to submit applications to all RouteOne lenders with whom they have an existing relationship. The integration is meant to save dealers time and eliminate duplicate entry into multiple systems. RouteOne […] [Read More]

WASHINGTON, D.C. — Along with five new members, five financial services executives have been elected to the board of directors of the American Financial Services Association. The new board members are: —Angela Chattin, president of CarMax Auto Finance —James Cho, president and chief executive officer of Hyundai Capital America —Thasunda Duckett, chief executive officer of […] [Read More]

NORTH KANSAS CITY, Mo. — About two weeks after rolling out a franchisee in Green Bay, Wisc., J.D. Byrider announced this morning that the newest dealership in its buy-here, pay-here network began to retail vehicles in the Kansas City area. The new store is located at 2520 Burlington St. in North Kansas City, Mo., and […] [Read More]