Used-vehicle prices at auction are continuing their spring decline this month, falling by an average of 1.5 percent during the first few weeks of May. In his latest blog post, NADA Used Car Guide’s Jonathan Banks wrote, “With market fundamentals remaining relatively stable and late-model auction supply only 1 percent higher on a year-to-date basis, […] [Read More]

Though not without recent bumps in the road, if there’s any question as to how the overall used-vehicle sales picture is looking this year, data from CNW Research provided to Auto Remarketing may provide the answer. It has been more than a decade since year-to-date used-vehicle sales at April’s end have been as high as […] [Read More]

Moves by the federal government greatly swayed what happened in the dealership F&I office during the first half of the year. Whether it was how delayed tax returns slowed refunds getting into consumers’ accounts or regulators intensifying their focus on how auto financing is completed, developments out of Washington, D.C., dominated industry conferences, store management […] [Read More]

As car dealers realize they need to expand their “net” to acquire cars, many recognize the typical used-vehicle manager isn’t fully up to the task. I’m not talking about the manager’s ability or skill, although that can often be an impediment as online sources play a larger role in a used-vehicle department’s acquisition. The bigger […] [Read More]

Sonic Automotive announced late last week an upcoming expansion in its network of stores. The retailer has entered a deal to purchase two franchises from Denver-based Murray Motor Imports Co. With the eventual purchase of Murray BMW of Denver and Mercedes-Benz of Denver, Sonic will have four stores in the Denver market. It already owns […] [Read More]

In an effort to cut down on U.S. veteran unemployment rates, Audi announced late last week it is beginning its “Veterans to Technicians Program.” The company contends this program immediate needs for both U.S. veterans and Audi retailers “who expect higher demand for service technicians, shop foremen and service consultants as the brand continues its […] [Read More]

Remarketing Services of America recently recognized Indiana Auto Auction with its top award for 2012. Indiana Auto Auction is being honored by RSA for the Best Auction Performance in the U.S. in 2012. RSA executives visited the auction during its anniversary sale on April 25 to present the top award to the auction owners Henry […] [Read More]

Brasher’s Idaho Auction is combining boxing, cars and barbecue for its 14th Annual Smoker Sale in Boise. The two-day event, scheduled for June 19-20, will feature two sales, 2,000 cars and trucks, a free barbecue dinner, and a "clash of Titans as local dealers and others members of the automotive industry square off in the […] [Read More]

Hendrick Automotive Group saw an opportunity for change. As president and chief executive officer Ed Brown put it, the retailer was wholesaling “too many” of its used cars. There were potential bottom-line benefits for the dealer group if it were to take units that it would ordinarily wholesale and sell them retail instead. Thus, as […] [Read More]

AutoTrader.com and Experian Automotive have entered a partnership that will allow dealers to include Experian’s AutoCheck vehicle history reports with their listings on AutoTrader.com. Here’s how it works. Starting in September, AutoCheck-subscribing dealers will have the option of including those reports on AutoTrader.com. [Read More]