Analysis
VW diesel owners split over reparation plan
Friday, Jul. 15, 2016, 07:13 PM
Nick Zulovich, Staff Writer
As the California Air Resources Board (CARB) rejected a proposal from Volkswagen on how to modify some of the vehicles included in “Dieselgate,” the newest consumer survey from buyer intelligence firm Autolist.com indicated 50 percent of impacted owners are satisfied with the reparations payments. Autolist.com also highlighted 49 percent of scandal-affected owners plan to take […] [Read More]
Dealer website traffic spikes over Fourth of July
Wednesday, Jul. 13, 2016, 08:59 PM
Joe Overby, Senior Editor
Apparently, the Fourth of July is not just for fireworks, baseball and hot-dog-eating contests. These days, it’s seen as a “car-shopping holiday” — and one with a big online focus. According to a Dealer.com analysis of dealership website activity, Web visits per dealership during the Fourth of July weekend earlier this month were 73 higher […] [Read More]
Takata awareness ranks lowest among current events
Wednesday, Jul. 13, 2016, 04:12 PM
Joe Overby, Senior Editor
The Zika virus, Hillary Clinton’s emails, global warming and the presidential election. Each of these current events/issues has a significantly higher rate of general public awareness than does the Takata recall, according to Kelley Blue Book. A study from KBB parent company Cox Automotive found the public had lower awareness of the Takata recall (52 […] [Read More]
Where an extra 300K CPO units might go
Monday, Jul. 11, 2016, 08:18 PM
Nick Zulovich, Staff Writer
Cox Automotive chief economist Tom Webb called it “relatively unusual” that off-lease volume and retail sales of certified pre-owned vehicles were nearly identical last year at 2.55 million units. Webb is thinking off-lease volume this year will swell to about 3.1 million while CPO sales are “not nearly going to grow nearly that much.” He […] [Read More]
DealerRater CEO: Customer experience always paramount in car-buying
Monday, Jul. 11, 2016, 08:12 PM
Lance Dagenhardt, Correspondent
In an ever-expanding world of online vehicle buying, companies are finding their niche in every part of the process. Whether a company specializes in giving users vehicle listings, showing the appraised value of their current car, or even facilitating the entire purchase online, members of the industry are learning to adapt to what the customer […] [Read More]
How to have it made with ‘made in America’
Friday, Jul. 8, 2016, 04:18 PM
Auto Remarketing Staff
If you have your heart set on buying an American-made car, you may want to consider where in America you are. A recent analysis by Carjojo revealed that Texas leads the country in American-car selection, while Michigan is tops in American-made inventory per resident. Carjojo used data from American University’s recently released 2016 Kogod Made […] [Read More]
6 industry companies among 100 Best Workplaces for Millennials
Friday, Jul. 8, 2016, 02:35 PM
Auto Remarketing Staff
The 100 Best Workplaces for Millennials listing released by Fortune and the Great Place to Work Institute this week included a half dozen companies with connections to the used-vehicle industry. Officials explained that rankings for the 100 Best Workplaces for Millennials are based entirely upon employee feedback. The automotive contingent included: —Navy Federal Credit Union […] [Read More]
2 free AIADA webinars about cyber fraud awareness
Wednesday, Jul. 6, 2016, 04:13 PM
Auto Remarketing Staff
As more cyber attacks disrupt businesses, the American International Automobile Dealers Association insisted principals and managers need to know about emerging threats and how to defend their businesses. To help stores, AIADA set up its July AutoTalk webinar to feature two experts from Wells Fargo who plan to share best practices for keeping your accounts […] [Read More]
Alt-fuel rides among 10 fastest-selling late-model cars
Friday, Jul. 1, 2016, 07:54 PM
Joe Overby, Senior Editor
A handful of alternative-fuel vehicles are among the fastest-selling late-model used cars this year, and the market for these vehicles may be approaching an affordability “sweet spot” in pre-owned. That’s according to a study from iSeeCars.com, which analyzed more than 2.2 million sales of 1- to 3-year-old cars from January through May. With average days […] [Read More]
Study shows VW diesel owners to be compensated ‘handsomely’
Friday, Jul. 1, 2016, 06:32 PM
Auto Remarketing Staff
Buyer intelligence firm Autolist.com released data just before the Fourth of July holiday that shows that the $14.7 billion settlement for some Volkswagen diesel vehicle owners will compensate them “handsomely” for being dragged into what analysts coined as “Dieselgate.” The study, which is based on more than 37 million data points, described an “optimistic” story […] [Read More]