Analysis
Larry H. Miller’s son releases 99 stories on father’s life
Monday, Nov. 30, 2015, 08:19 PM
Auto Remarketing Staff
The Larry H. Miller Group of Companies — a group that includes the Larry H. Miller Dealerships, among many other business entities — announced the release of “Behind the Drive: 99 Stories from the Life of an American Entrepreneur” on Friday, a collection of stories passed down about Larry H. Miller and written by his son, […] [Read More]
What you can expect out of used & new sales this month
Wednesday, Nov. 25, 2015, 04:17 PM
Joe Overby, Editor
Depending on whose forecast you subscribe to, new-vehicle sales this month may end up being the highest November has ever seen. And the used-car market? Well, count on it to reach at least 2.7 million sales and probably more, if projections from Edmunds.com and TrueCar hold firm. Edmunds is forecasting 2.77 million used sales for […] [Read More]
KPMG study calls automakers to act at faster ‘clockspeed’
Tuesday, Nov. 24, 2015, 05:41 PM
Auto Remarketing Staff
After a recent Autotrader study showed car technology trumps brand and color for new-car shoppers, new data from KPMG shows automakers might need to step it up in the tech department even more. A recent KPMG study, titled, "The Clockspeed Dilemma," shows that automakers may need to start acting more like tech, software and consumer […] [Read More]
Millennials score highest on vehicle ‘Customer Love Index’
Tuesday, Nov. 24, 2015, 05:13 PM
Josh Hyatt, Staff Writer
Would it surprise you to find out that members of the Generation Y cohort may actually “love” their vehicles, on average, more than other generations? That was the finding of Strategic Vision’s research on the subject, which they began after identifying “love” as the “holy grail of the customer experience.” This led to the creation […] [Read More]
Auction Direct supports ‘Million Meals Challenge’ uniting ACC foes
Tuesday, Nov. 24, 2015, 04:46 PM
Auto Remarketing Staff
As part of an effort that unites rival ACC schools in the Tar Heel state, Auction Direct USA announced that it will present a $1,500 donation to the “Million Meals Challenge” on Dec. 1. So what is the Million Meals Challenge? In short, it’s a collaborative partnership between Harris Teeter and four North Carolina universities — Duke, UNC, […] [Read More]
How trade-in prices would hurt if recalls grounded all used sales
Monday, Nov. 23, 2015, 08:12 PM
Auto Remarketing Staff
A recent study commissioned by the National Automobile Dealers Association reveals that vehicle trade-in values could decline by an average of $1,210 if legislation were to pass that forbade dealers from selling used-vehicles with open recalls. The J.D. Power study, which NADA commissioned, is titled “An Economic Assessment of Trade-In Value Reduction Caused by Preventing Auto […] [Read More]
‘Mazda Drive for Good’ campaign aids 4 national nonprofits
Friday, Nov. 20, 2015, 08:30 PM
Auto Remarketing Staff
Mazda North American Operations is collaborating with four nonprofit organizations for its Mazda Drive for Good event that runs throughout the 2015 holiday season. Running from November 23 to January 4, MNAO is partnering with St. Jude Children’s Research Hospital, American Red Cross, American Heart Association and Mazda Foundation (USA) Inc. Customers who purchase or […] [Read More]
Ally & Classic Chevrolet support 10 local charities
Wednesday, Nov. 18, 2015, 09:10 PM
Auto Remarketing Staff
Ally Financial, in partnership with local dealer Classic Chevrolet of Grapevine, Texas, recently presented over $180,000 in donations to ten charities in the Dallas area. The donations culminated from an auction hosted by Ally’s SmartAuction platform, which celebrated its 5 millionth vehicle sale. That 5 millionth vehicle was auctioned off with the promise that the […] [Read More]
Are vehicles with location-based names popular in those places?
Monday, Nov. 16, 2015, 09:19 PM
Auto Remarketing Staff
The analysts at Edmunds.com set out explore an interesting question. Since there are a variety of vehicles named after geographical locations – examples being the Toyota Tacoma, Hyundai Tucson, Chevrolet Colorado, etc. – are any of these vehicles actually popular in the areas they’re named after? Picking through Polk’s registration data – the answer to […] [Read More]
Black Friday new-car deals hit lots early
Monday, Nov. 16, 2015, 07:55 PM
Auto Remarketing Staff
Computers and TVs and – cars? Oh my! Black Friday discounts hit the hardest on customer savings for big-ticket purchases, and a new vehicle is possibly the biggest. For some manufacturers those savings are coming early. TrueCar has highlighted today several manufacturers who have made the push early in the month to get metal moving, […] [Read More]