Finding enough supply. It’s a challenge that has been spotted on almost every level of the certified pre-owned business. And it’s causing dealers to change the way they look for CPO-worthy cars. In discussing the CPO market, Hendrick Automotive Group chairman Rick Hendrick told Auto Remarketing on Monday that dealers are oftenturning to the existing […] [Read More]

Black Book found that the last week’s average wholesale price declines for both cars and trucks established new highs for the calendar year. Managing editor Ricky Beggs revealed that car prices tumbled by $63 last week while truck prices sunk by $78.  Beggs said during his weekly online video analysis, “Beggs on the Used Car […] [Read More]

If the results of AutoMD.com’s latest survey are any indication, gone are the days when consumers held onto a car for a couple of years before succumbing to the new-vehicle itch once again. It seems shoppers are holding on to their rides longer and longer, as the average age of a vehicle on the road […] [Read More]

Marketing company Albright Digital recently revealed a new version of its Review Management product suite, a program that aims to improve dealerships’ online reputations, as well as drive additional sales. The company noted the new version of the program includes full Google+ Local support, “so dealerships are able to track their reviews as well as […] [Read More]

Total Car Score released its newest automotive ranking this week, ranking the class of 2013 entry-level luxury sedans. It awarded the top spot to the 2013 Cadillac ATS. To earn the hands-on ranking, Cadillac’s model excelled over the BMW 3-Series and the Infiniti G in the review, said Total Car Score editor-in-chief Karl Brauer. “After […] [Read More]

In what might be encouraging news for some dealers, Moody’s Analytics projected that used-vehicle prices not only will continue to soften, but the decrease will extend at least through the middle of 2014. However, the firm doesn’t expect used-model prices to dip as low as what dealers experienced during the recession. Instead, Moody’s anticipates a […] [Read More]

Following second-quarter growth of 1.4 percent, used-vehicle sales will likely show similar improvement in July, according to CNW Research. Based on the first 20 days of the month, the firm is projecting 4.54 million used sales for July, which would be a 1-percent hike from the used sales of July 2011 that narrowly missed the […] [Read More]

It hasn’t happened since April: auction values for affordable small cars climbing. But that’s exactly what Kelley Blue Book observed recently. Thanks to a modest increase in price at the pump, used vehicles such as the Honda Fit, Smart fortwo, Suzuki SX4, Volkswagen Jetta TDI, Kia Rio and Honda Insight posted $100 to $600 price […] [Read More]

Today’s dealer is often a business-savvy one, says CorePointe Insurance Co. president and chief executive officer Jim Haan. And that sophisticated approach includes how they protect their businesses, property and inventory from whatever harm may come their way. The leader of what was formerly known as Chrysler Insurance Co. shared with Auto Remarketing his thoughts […] [Read More]

Boston-area Paine Auto Auction will make its debut next week, opening the doors to a five-lane facility with the capacity for 1,200 units. With Sean Paine as president and chief executive officer, the auction’s leadership will also include a former president of the National Auto Auction Association. Serving as chief financial officer is Gregory Kobel, […] [Read More]