Used-vehicle buyers now are keeping their units longer than ever. That’s the finding Polk shared Wednesday. Polk determined that as of the second quarter of this year, consumers own their used vehicles an average of 46.1 months. It’s a rise from the previous quarter’s reading of 45.9 months. Meanwhile according to Polk’s data that goes […] [Read More]

Sewell Automotive Companies recently bolstered its presence in Houston with the purchase of Millennium Audi. Now, Sewell has two stores in Texas’ largest city and 11 stores total, all of which are located in The Lone Star State. Sewell opened the doors on its latest addition, now known Audi North Houston, last month. The store […] [Read More]

Edmunds.com computed the average incentive handed out by automakers to move units in October was down against both the previous month and the year-ago period. Site analysts estimated Wednesday that the average incentive in the U.S. was $2,498 per vehicle sold in October. They indicated that amount was $61, or 2.4 percent, lower than September […] [Read More]

As new-vehicle shoppers these days tend to be very financially conscious, searching patiently and thoroughly for the best deals, understanding this current behavior can give automakers a “golden opportunity” to to reach these thrifty consumers with end-of-year marketing, said James Bell, executive market analyst for Kelley Blue Book’s Kbb.com. [Read More]

Auto Remarketing learned Tuesday that Ralph Fisco has stepped into a new role with Toyota Financial Services as Western region marketing manager. Taking over as national remarketing manager for TFS is Mike Reid. [Read More]

Because so many dealers are looking for the best tools to create quick inventory turns and more, the Pre-Owned Automobile Dealers Alliance aimed to keep store management informed with the return of its ongoing Webinar series. For dealers who might have missed Tuesday afternoon’s edition of Pre-Owned LIVE with experts from AutoTrader.com, Black Book, Manheim […] [Read More]

Although Ricky Beggs conceded again the seasonal wholesale price softening hasn’t been as noticeable this autumn as previous years, the Black Book managing editor noticed several adjustments pop up last week for the first time this year. During the latest “Beggs On The Used Car Market” video report, the Black Book analyst revealed just 8 […] [Read More]

Subaru of America bested its previous record for October sales by more than 25 percent and appears like it is headed for a best-ever year, as well, according to the company. Specifically, Subaru moved 22,720 vehicles in the U.S., a year-over-year gain of a little more than 25 percent from October 2009, which was when the prior […] [Read More]

Dollar Thrifty Automotive Group’s corporate adjusted EBITDA showed double-digit improvement for the seventh straight time during third quarter, which marked what the company’s chief executive officer called the “best quarterly performance” that Dollar Thrifty has ever had. [Read More]

JMN Logistics, a sponsor of the next week’s National Remarketing Conference, revealed which executives will be attending the event to promote its services to dealers and other industry outlets. Expected to be in San Diego are owner Jon Nuckolls, Cindy Darnell, director of sales, and Kelly Collinson, customer relations manager. Since 1999, JMN Logistics has […] [Read More]