The National Remarketing Conference, sponsored by SmartAuction, as the industry’s leading conference, is an excellent place to stay up-to-date on information relevant to all aspects of the industry, including fleet, lease and rental. In a 2:45 p.m. session on Nov. 15, the market dynamics of this industry niche will take center stage at the National […] [Read More]

Though the trade-in numbers for vehicles three years old and younger has been “very low,” Jack Ballinghoff has found that fellow Toyota dealers shouldn’t have any problem finding off-lease vehicles. The general manager of Koons Tysons Toyota said that while he’s not pursuing the three-year-old and younger vehicles right now, Toyota dealers who are can […] [Read More]

In light of Hurricane Sandy, it was announced that the memorial service for Matt Marks — the late executive director of the International Automotive Remarketers Alliance — will now take place on Wednesday. Services are scheduled for 11 a.m. Wednesday at the Goble Funeral Home in Sparta, N.J. The funeral home is at 22 Main […] [Read More]

CU Direct Connect announced Wednesday that it has signed an agreement with AutoNation that names CU Direct Connect as a preferred lender for all of the dealer group’s stores in Colorado. The agreement is effective as of today. Officials said that CU Direct Connect, through its 34 member credit unions, is collectively the largest auto […] [Read More]

Dealer customer relationship management provider DealerSocket this week released its manufacturer incentives integration to all program users at no additional cost. The company explained incentive icons appear in the CRM coinciding with the vehicle stock number. The user then can click on the highlighted link to display details about the manufacturer incentive on that vehicle. […] [Read More]

Children, veterans and others will benefit from charity events being held this month by two groups of dealerships in their efforts to reach out to their respective communities.     First, Boucher Group Ford stores in the Wisconsin cities of Menomonee Falls, West Bend, Kenosha and Janesville announced “Go Further with Ford Night” set for Nov. […] [Read More]

As of press time, Hurricane Sandy was headed West, leaving much of the Northeastern states scrambling to recover power and get flooding under control while assessing the damage of the powerful storm. With vehicle damage already reported, Black Book’s Ricky Beggs offered Auto Remarketing some insight into how the storm may affect the used-car market […] [Read More]

If recent predictions from Edmunds.com come to fruition, the number of lease terms coming to an end next year will eclipse 2.5 million units, which would be an increase of 484,000 units from 2012. In other words, look for a big jump in the amount of lease returns flowing into the used-car market next year. [Read More]

A new TransUnion study found that people who monitor their own credit files open significantly more new auto loans and credit cards, and perform generally as well on those loans as consumers who do not monitor their own credit. The company's study determined that consumers who monitor their credit in any given credit score range […] [Read More]

Westlake Financial Services honored four auctions on Tuesday, announcing the third quarter’s top regional performers and the company’s Top Service Auction.  Earning recognition from Westlake were: •    Eastern Region: Rawl’s Auto Auction (South Carolina) •    Central Region: Kansas City Independent (Missouri) •    Western Region: Brasher’s Sacramento (California) [Read More]