I’ve long advocated that dealers manage their used vehicles as investments — that their No. 1 goal should be to maximize their return on investment within the shortest amount of time and the least amount of risk. This investment-driven retailing strategy is harder for some dealers to accept (and in some cases, acknowledge) than others. […] [Read More]

What automotive career opportunities are ahead for women? How have dealerships and automakers fared when it comes to female representation in the workface? Auto Remarketing guest contributor and 2013 Women in Remarketing honoree Anne Fleming tackles these issues and more in this column below. The Glass Ceiling – A Historical Context [Read More]

On Tuesday, AutoTrader.com kicked off the first in a series of Interactive Dealer Summits, an educational event designed specifically for dealers with content customized for each market in which it takes place. The first summit was held in Houston, with other events scheduled to take place from coast-to-coast throughout the year. The next is scheduled […] [Read More]

Revenue and retention solutions provider MPi has announced a new product it says can boost inspection accuracy, and generate more profits for dealerships through the service lane. MPi has released EDGE SmartTech, its new WorldClass Solution the company says can enhance technicians’ ability to inspect vehicles by minimizing the possibility of overlooking legitimately needed services. […] [Read More]

NEW YORK — The S&P/Experian Consumer Credit Default Indices showed the first quarter finished flat for auto loans. According to data through March, the auto loan default rate remained flat at 1.11 percent since February. The reading also stayed even with the mark spotted during the same month a year ago. Analysts from S&P Dow […] [Read More]

LAS VEGAS — As NCM Associates made plans for a special open house between the events, the National Alliance of Buy-Here Pay-Here Dealers said inventory is running out for the special block of rooms for the Dealer Academy and National Conference at the Wynn in Las Vegas. NABD founder Ken Shilson said suites for the […] [Read More]

NEW YORK and SAN FRANCISCO — At the same time Chase Auto Finance reported its first-quarter performance, Wells Fargo highlighted that auto originations hit a new record during the past quarter. Wells Fargo officials said their auto originations totaled $6.8 billion in Q1, up 27 percent from prior quarter and up 10 percent from prior […] [Read More]

PHOENIX — MBSi Capital, the developers of the Re-Pros and iRepo repossession software suites, rolled out a new program that aims to make it easier for repossession companies to become and remain compliant with a variety of new government mandates. The company highlighted the Compliance Made Easy program addresses three key areas — complaint tracking, […] [Read More]

Based on recent AutoTrader.com vehicle scarcity data sent to Auto Remarketing, luxury models might be the most difficult crop of certified pre-owned-worthy units to find for your lot. [Read More]

Ford and Manheim revealed this week the two companies are partnering in an effort to expand dealer opportunities in Canada.   Under the new partnership, Ford of Canada will begin running weekly weekly sales at Manheim Toronto that will be open to all dealers in late May. Dealers will also be able to buy vehicles […] [Read More]