In its latest Quarterly Market Report, ALG showed a year-over-year comparison of March/April 36-month residual value forecasts. Of the 25 segments included in the report, only five had positive residual value changes from a year ago. And they were all mainstream utility segments (which, according to ALG, includes minivans). Asked why utilities have held onto […] [Read More]

Jumpstart Automotive Media discovered a 6-percent uptick in shopping for used cars across its portfolio of sites during the first quarter, which it attributes to a rise in shoppers looking for used luxury vehicles, in particular. Used luxury shopping is up 11 percent year-over-year, while down 3 percent for new, according to Jumpstart’s latest quarterly report, […] [Read More]

Cherokee Media Group, publishers of Auto Remarketing and other auto industry trade publications, has launched the Auto Remarketing Podcast. This weekly dose of auto industry news and conversation will go deeper into the stories you read in our print and daily online publications. Episodes will be hosted by Auto Remarketing senior editor Joe Overby and/or […] [Read More]

Look for incentive spending to level off from where it was at the end of 2016 and in the first few months of this year, says ALG chief industry analyst Eric Lyman. The new-car market will likely “plateau” with annual sales in the neighborhood of 17.4 million this year, with the incentives — which have […] [Read More]

Faulty oxygen sensors are still the most common cause of a check engine light, says the the 2017 CarMD Vehicle Health Index released Tuesday.  According to CarMD’s findings, model-year 2005 vehicles were most likely to have a check engine light on and newer-model 2015 and 2016 vehicles make up less than 1 percent of reported […] [Read More]

An online booking platform for luxury car rentals is gaining more financial steam to match the type of vehicles it offers to clients. CarHopper — which offers Ferraris, Bentleys, Lamborghinis and McLarens to customers in five different cities known for this kind of luxury — announced on Tuesday it has raised $1.5 million in seed […] [Read More]

When a customer buys a vehicle from a dealership, that transaction in and of itself is not the only important part of that visit. So, too, is establishing a vehicle-service relationship between that shopper and the dealership. That’s crucial, not only from the standpoint of driving a segment of their business with high margins, but […] [Read More]

Below is a Q&A with Linda Paton, office manager at Greater Rockford Auto Auction and a 2017 Women in Remarketing honoree. Auto Remarketing: What was your path to the automotive industry, and what do you enjoy most about working in the car business? Linda Paton: My path to the automotive industry began in 1963, while in […] [Read More]

Misleading performance metrics in the automotive industry will erode the trust between vendors and dealers. These ramifications will have lasting effects for everyone providing marketing services to dealerships. Most dealerships are beginning to rely heavily on analytics to evaluate their marketing campaigns. Because many marketing products can’t be evaluated only by CRM data, leads and […] [Read More]

Consumers' increased interest in both trucks and SUV’s over sedans is a shift the industry will have to wrestle with even more this year, says John Rickel, senior vice president and chief financial officer of Group 1 Automotive. “The overall industry, if you go back two years ago, had a 50/50 split between cars and […] [Read More]