Just before the closing session of the Re3 Conference, industry leaders will gather to offer a wrap-up of where the repossession industry has been in 2012 and where it’s headed in 2013. This dynamic session will provide attendees with perspective and forecasts from some of the industry’s leading executives. The session is titled “Remarkable Remarketing […] [Read More]

While the days’ supply level hit a year-high, a trend CNW Research spotted at both franchised and independent dealerships indicates October used-vehicle prices continued to decline both month-over-month and year-over-year. In the opening days of this month, CNW president Art Spinella determined franchised dealerships were asking an average of $11,419 for used models, off 0.34 […] [Read More]

Wholesale prices are expected to continue softening this week, except for one highline segment, according to NADA Used Car Guide. Officials said that the luxury car segment is expected to see a “slight uptick” of 0.3 percent, or $75. “Also on the luxury side, the luxury utility segment is expected to remain flat over the […] [Read More]

Joining the list of dealer groups reporting third-quarter results this week, Lithia Motors reported Wednesday that it pushed its used retail sales up more than 26 percent year-over-year, selling 13,320 used units. The company generated $230.3 million in used retail revenue, compared to $184.6 million in the same period of 2011.  Meanwhile, Lithia sold 5,173 […] [Read More]

The percentage of change in used-car prices hit double digits for one luxury model from September to October, according to Cars.com. Meanwhile, a certain domestic model made a big comeback on the pricing front, the site noted. In the latest used-car price report posted to the "Kicking Tires" blog, Mike Hanley of Cars.com noted the […] [Read More]

Used-car operations for franchised dealers have been buoyed by a “boat-load of trade-ins,” and independents have been on the comeback trail, according to CNW Research’s look at October used-car sales. Overall, the year-over-year increase in used-vehicle sales this month will likely eclipse 8 percent, CNW said, basing its analysis on the first 20 days of […] [Read More]

Sonic Automotive's third-quarter performance brought  record-breaking volume numbers for used and new sales, and the company continues to make progress toward its per store monthly used-sales goal.  Sonic saw an average of 87 used retail sales per store this month, rising from 82 during the same period of last year. [Read More]

They can pull forward new-vehicle sales while boosting satisfaction and retention, but the benefits of automakers running early-exit offers within their leasing programs can also be found on the certified pre-owned side of the business, as well. That’s according to Scot Hall, executive vice president of Swapalease.com, who talked with Auto Remarketing about this practice, […] [Read More]

Used-vehicle prices continue to decline at a moderate pace, but some segment prices are dropping faster than others, while others are bucking trends right and left. According to Black Book’s Ricky Beggs, one of these outliers is the group of pickup truck segments. As gas prices remain high, Black Book data shows all three pickup […] [Read More]

Recovery Database Network announced Tuesday that it has integrated its application with MasterFiles, a data service provider of public records information for the purposes of debt collection, asset recovery and creditworthiness. Explaining the partnership further, officials said, “Users are now able to access MasterFiles data seamlessly through RDN’s specialized recovery software solution. This unique setup […] [Read More]