Similar to findings the firm uncovered from the United States, CarGurus determined through its latest analysis that Canadian consumers still have a sustained, high interest in purchasing vehicles amid the coronavirus pandemic. This week, CarGurus released its second Canadian COVID-19 Sentiment Study, comparing the newest results to what analysts found back in April. CarGurus director […] [Read More]

AuctionACCESS announced this week that the company and Auction Edge, a provider of remarketing technology to independent auto auctions, have integrated the new AuctionACCESS Mobile Card at independent auctions throughout the country. This gives independent auctions using Auction Edge a smartphone-based way to credential dealers arriving at their facilities. Last month, AuctionACCESS said it was […] [Read More]

 Foot traffic is up substantially at Ontario car dealerships. That’s according to a study commissioned by TRADER Corp. and conducted by EQ Works that looked at dealership visits at 750 stores in the province during May and June. Unique visitors to Ontario dealerships in June were up 56% month-over-month and total visits climbed 81%. One-time visits […] [Read More]

Jessica Stafford, who is vice president and general manager of Autotrader and Kelley Blue Book, returns to the Auto Remarketing Podcast to discuss a whitepaper detailing "Lead Quality and Why it Matters More Now than Ever." In this episode, Stafford discusses lead quality, dealership employee efficiency, Autotrader's Dealer Home Services program and more.  To listen to this […] [Read More]

Quite often in reporting the weekly ebb-and-flow of the retail used-car market, you can get some mixed results. Such is the case this week. The overall auto rebound “lost momentum” the week ending Saturday, Cox Automotive chief economist Jonathan Smoke said in his weekly video report released Tuesday. Still, used-car demand remains strong — certainly higher […] [Read More]

A little more than a week remains for your dealership to meet its monthly sales targets or your finance company to push toward portfolio growth objectives for July. Currently, deliveries are being completed and contracts are being bought at decent clips, especially considering how much the coronavirus pandemic has thrown grit into the industry gears […] [Read More]

In a quarter where the retailer notched an earnings record, Lithia Motors also reported strong results in its used-car operations as it released second-quarter fiscal results on Wednesday. Offering some overall commentary on the quarter, Lithia president and chief executive Bryan DeBoer said in a news release: “The strong sequential improvements throughout the quarter, coupled […] [Read More]

In this episode of the Auto Remarketing Podcast, Joe Vitale, who is principal and global automotive sector leader at Deloitte Consulting, joins the show to talk with Auto Remarketing senior editor Joe Overby about Deloitte's report on "Restarting the Stalled Automotive Sector." For a recap of the full report, be sure to check out this story from Nick […] [Read More]

United Road recently highlighted the five special initiatives the transportation company is using during the COVID-19 pandemic to help OEMs, dealerships, rental-car companies, auctions and other consignors and wholesalers get vehicles shipped to and from intended destinations. “United Road is doing what it takes to support our customers, being agile and fluid as customers replenish […] [Read More]

It is an interesting time for both lenders and borrowers. The impacts from COVID-19 have been unexpected and far reaching, raising questions for many lenders as their customers seek convenient and applicable repayment alternatives. As delinquencies rise or threaten to rise — creating concern and potential portfolio volatility — many lending businesses are searching for […] [Read More]