Since America’s Auto Auction Baton Rouge hired Adele Lococo in 2018 as fleet/lease manager, she has focused on relationships. The company says that has had a positive effect on the auction’s customers and auction team members. “As closely as we’ve worked together during this pandemic, we feel like a united family,” America’s Auto Auction Baton […] [Read More]

Certified pre-owned sales took major tumbles on both year-over-year and month-over-month bases in November, but that shouldn’t cause alarm about the overall strength in CPO, according to Cox Automotive. The 21% decline from November 2019 admittedly could be seen as “a big shock to the market,” but that slowdown was largely driven by last month […] [Read More]

TransUnion sees auto-finance companies having less appetite for risk in the coming year. The auto component of TransUnion 2021 consumer credit forecast released on Thursday projected that origination activity in the first and second quarters of next year is expected to generate 6.8 million and 7.4 million new accounts, respectively. Analysts think a greater share […] [Read More]

This week, America’s Car-Mart rolled out its new visual identity and tagline that the publicly traded buy-here, pay-here dealership company said will reaffirm its “unwavering commitment to its customers and communities.” Car-Mart’s new tagline is “Keeping You on the Road,” which company leadership says is an all-encompassing definition of what the company delivers to its […] [Read More]

Jerry Cox, who is chairman and chief executive officer with Potomac Strategy Associates, returned for another appearance on the Auto Remarketing Podcast to discuss one of the most complicated — and potentially deadly — challenges currently facing the industry. Cox shared how more automakers, including General Motors and Volvo, are being caught in the maelstrom […] [Read More]

Here’s a rundown of how certified pre-owned sales have fared in Canada, based on automakers sharing results with Auto Remarketing Canada. Subaru Canada moved 480 certified units in November, compared to 362 a year ago. That put the year-to-date tally at 4,276, a 13.1% year-over-year increase. At Hyundai Auto Canada Corp., there were 976 CPO […] [Read More]

AutoVerify is looking to assist dealerships that have vehicles in inventory already equipped with satellite radio make those units more appealing to potential buyers. This week, the marketing firm powered by Mobials launched AutoVerify Spotlight, a new product aimed to help dealers improve their digital merchandising efforts. With five more components to come, the first […] [Read More]

In a deal that would expand the company into wholesale, CarGurus has agreed to purchase a majority stake in CarOffer, an automated instant vehicle trade platform. CarGurus, which would acquire 51% interest in this deal, has the ability to also purchase CarOffer’s remaining equity interest over the next three years. The deal is valued at […] [Read More]

In a year that has made it difficult for auto dealers and manufacturers alike to maintain — much less gain — traction with consumers, vehicle residual value retention has been a critical area of performance. The economic stress imposed by a pandemic year has placed renewed consumer focus on value as they make long-term decisions in […] [Read More]

New-vehicle leasing still isn’t quite at the level seen before the pandemic started, according to data provided by Experian Automotive. During the first quarter of this year, Experian reported that 30.19% of all new-model deliveries were connected to a lease. In the second quarter with COVID-19 in play, analysts found that leasing softened to 25.81%. […] [Read More]