Analysis
5 factors to drive dealership buy/sell activity
Friday, Mar. 24, 2017, 04:52 PM
Auto Remarketing Staff
Two firms — Haig Partners and Kerrigan Advisors — each shared upbeat reports about the “robust” outlook for dealership buy-sell activity. In fact, The Blue Sky Report from Kerrigan Advisors went so far as to say dealership buy/sell activity is set to rebound to record levels in 2017 as the firm released its analysis for […] [Read More]
7 European execs chosen for Remarketing Advisory Board
Friday, Mar. 24, 2017, 04:50 PM
Auto Remarketing Staff
In an effort to enhance the fourth Fleet Europe Remarketing Forum coming later this year, seven European wholesale market executives have been named to the Remarketing Advisory Board. Helping to craft the agenda and more for the event that’s set for Dec. 5 in in Estoril, Portugal, will be this group that represents rental and […] [Read More]
CarGurus continues European expansion
Friday, Mar. 24, 2017, 04:44 PM
Joe Overby, Senior Editor
In December 2015, CarGurus announced the launch of its website in the United Kingdom, which marked the company’s first foray into Europe. And soon, you can expect to see a second European market added: Germany. In a March 13 phone interview with Auto Remarketing International, Sam Zales — who is chief revenue officer/president of international […] [Read More]
Data science driving decisions in used-car business
Thursday, Mar. 23, 2017, 04:44 PM
Joe Overby, Senior Editor
When one thinks of vocational expertise in the remarketing industry, areas like sales, marketing, finance and business management might be the first to come to mind — and rightfully so. Physics, though? Not so much. But that’s a piece of the resume for Ben Flusberg of RMS Automotive, who has degrees in that field from […] [Read More]
Challenges of gig economy & impact to CPO, finance
Thursday, Mar. 23, 2017, 02:46 PM
Rob Christman , Guest Contributor
The Gig Economy. It’s here. It’s now. It’s real. But, what is it? And how does it impact car dealers? The answer to the latter may have some implications for financing and certified pre-owned. (More on that below). I was Ubering to the airport last week and chatting up the driver. I asked him how long he’s […] [Read More]
Black Book names collectibles with 1000% mark-ups
Wednesday, Mar. 22, 2017, 08:54 PM
Auto Remarketing Staff
Recently Black Book, analyzed various affordable cars once purchased modestly at MSRP that have significantly risen in value and have become great collectibles. "What makes a car a collectible over time includes any number of factors that include popularity, pop culture, and production volume," Black Book's specialty products director Eric Lawrence said in a news release. […] [Read More]
Model 3 Tesla buyers less likely to overlook any hiccups
Tuesday, Mar. 21, 2017, 08:04 PM
Chris Hart-Williams, Staff Writer
Despite some quality issues with the Tesla Model S and Model X, current Tesla owners appear to have great appreciation for the brand, but drivers who purchase the brand’s upcoming model — the Model 3 — are less likely to overlook complications, according to a J.D. Power report released on Tuesday titled Tesla: Beyond the […] [Read More]
KBB’s international debut comes in Portugal
Tuesday, Mar. 21, 2017, 02:57 PM
Auto Remarketing Staff
On Monday, Kelley Blue Book announced its first in a series of international launches with the introduction of Kelley Blue Book in Portugal at KBB.PT. According to a 2017 TGI Grupo Marktest study, price was the No. 1 important factor for both new- and used-vehicle shoppers in Portugal, with 74 percent of new-model buyers and […] [Read More]
Marketing decisions are best made with the weather in mind
Friday, Mar. 17, 2017, 09:03 PM
Chris Hart-Williams, Staff Writer
While consumers are more apt to visit stores on days that are warmer and drier — making it easier for dealerships to move inventory — a report recently released by The Weather Company showed that cooler temperatures and inclement weather more likely drive consumers to choose to stay home and want to do research online via their […] [Read More]
Service departments improve but still miss text-message impact
Friday, Mar. 17, 2017, 03:06 PM
Auto Remarketing Staff
With Buick and Lexus leading the way, quality of automotive service continues to show significant improvement and is driving an increase in overall customer satisfaction, according to the J.D. Power 2017 U.S. Customer Service Index (CSI) Study released on Thursday. Furthermore, service departments should brace to use text messages more often to reach their customers […] [Read More]