ADESA’s February wholesale price data reinforced the projection company analysts made a month earlier. According to ADESA Analytical Services’ monthly analysis of wholesale prices by vehicle model class, used values in February averaged $9,752 — down 2.8 percent compared to January and 1.2 percent relative to February of last year. The company found that the […] [Read More]

Though low used supply has pushed pre-owned prices up in the past couple of years, there are still deals out there — a fact Consumer Reports brought to the front of  buyers’ minds today.  In an effort to help Americans choose the best used car for their money, Consumer Reports compiled a Best & Worst […] [Read More]

In describing the used-car shopper’s ongoing appetite for full-size crossovers and hybrid cars in the latest Hot Used-Car Report from Kelley Blue Book, Arthur Henry used the phrase “overwhelming affinity.” In fact, KBB’s manager of market intelligence and market analyst said full-size crossover share climbed 34.7 percent month-over-month in February, while hybrid car share was […] [Read More]

A dealership group headquartered in Florida is taking an active role in helping to prepare the next generation of automotive service experts. Crown Automotive Group has announced its partnership with Northeast High School’s Automotive Academy to offer students a real-world look at dealership service departments in action. All this week, students are getting the opportunity […] [Read More]

Based on data Edmunds.com gave Auto Remarketing sister publication SubPrime Auto Finance News, there was a 363-basis-point differential between the state with the highest average APR and lowest for all transactions by franchised dealers reported to the site in February. Pacing the nation for this metric was Louisiana with an average APR of 6.19 percent […] [Read More]

Franchised dealers in one Florida market far and away posted the highest used-vehicle transaction prices last month. According to CNW Research data shared with Auto Remarketing on Monday, used transaction prices at franchised dealerships in West Palm Beach, Fla., and Fort Pierce, Fla., averaged $22,042 in February. Coming next at more than $5,000 less were […] [Read More]

Though auction values remain a bit lower than they were during the same period last year, the industry has seen small price climbs in the lanes for the past few weeks. And when talking about auction action last week, Black Book’s Ricky Beggs said "the strength continues!" During the NAAA/CAR event last week, Beggs said […] [Read More]

If a customer arrives on your lot and plans on spending about $10,000 for a used car, a new list from Cars.com may provide you some marketing ammo to help explain why your used cars stands out from the rest. Editors with the site have listed their top 10 used cars recommended for consumers shopping […] [Read More]

AutoNation appointed a new independent director to its board late last week. Joining the leadership team is the president of ESL Investments — AutoNation's largest stockholder — Mike Mikan. “We are very pleased to have Mike join the AutoNation board,” said Mike Jackson, AutoNation’s chairman and chief executive officer. “Mike brings a wealth of operational […] [Read More]

In conjunction with National Nutrition month, Longo Toyota — Auto Remarketing’s 2012 CPO Dealer of the Year — revealed late last week, it will be kicking off Wellness Wednesdays this March, as part of the dealership’ Wellness and Fitness Program for its team members. The Wednesday evening events will include the nutrition classes, yoga, zumba […] [Read More]