Analysis
Autotrader ‘mustache’ you a question about men’s health
Monday, Nov. 16, 2015, 07:18 PM
Auto Remarketing Staff
It’s that time of year again – the time of “Movember” and “No-Shave November.” As we’re a couple of weeks into the month of November, you may be noticing quite a few men sporting freshly grown facial hair of various shapes, sizes and intensities, many in the name of various men’s health awareness initiatives. One […] [Read More]
Tech-savvy dealers reap customer satisfaction rewards
Friday, Nov. 13, 2015, 08:47 PM
Auto Remarketing Staff
Dealers that fail to invest in consumer-facing technologies risk being trumped by competitors. That’s the message from J.D. Power following its 2015 U.S. Sales Satisfaction Index Study released on Thursday. J.D. Power’s study, in its 29th year, measures customer satisfaction with the sales experience for new-vehicle shoppers — for both buyers and non-buyers — to […] [Read More]
AiM names new national director
Wednesday, Nov. 11, 2015, 08:04 PM
Auto Remarketing Staff
National independent third-party inspection company Alliance Inspection Management announced Tuesday the appointment of a new national director of new car and claims management accounts. Taking on the role is Susan Yee, a former 20-year veteran of General Motors. According to the company, in the new position, Yee will be responsible for directing the day-to-day new-car sales […] [Read More]
Auto companies honored by Fortune, AAPEX
Tuesday, Nov. 10, 2015, 09:32 PM
Auto Remarketing Staff
Several automotive companies have been recognized recently for their contributions to their employees and their products. First off, Fortune and Great Place to Work recently released the 2015 list of 50 Best Workplaces for Diversity. Among the automotive-related businesses honored were Credit Acceptance (19), JM Family Enterprises (47) and CarMax (48). All of the aforementioned […] [Read More]
2 strategies to help service departments handle workload
Tuesday, Nov. 10, 2015, 08:55 PM
Auto Remarketing Staff
It’s a tricky balancing act dealerships play — keeping service bays running efficiently with customers’ units that generate both profit and loyalty while also reconditioning trades and other pieces of used inventory to get them prepared for the retail blacktop. To help service department managers tackle this challenge, research and strategy firm Vennli shared what […] [Read More]
Dealer-backed update to DRIVE Act passes House
Tuesday, Nov. 10, 2015, 08:27 PM
Josh Hyatt, Staff Writer
What makes a rental company, well, a rental company? Seems like a simple question, right? Perhaps it is — however, when considering federal legislation, the devil is in the details. That was the cause for a lot of tension last week for the National Automobile Dealers Association and the National Independent Automobile Dealers Association, along with some […] [Read More]
Independents & how they buy inventory
Tuesday, Nov. 10, 2015, 08:07 PM
Joe Overby, Editor
When it comes to the challenges for the independent dealer community, getting ahold of cars seems to be top-of-mind, according to the fall Independent Dealership Action Report from DealerSocket. And if the company’s analysis is any indication, independents may soon change how they acquire used vehicles, as well. A survey in that report asked independents to […] [Read More]
Will there be 40 million used sales this year?
Monday, Nov. 9, 2015, 09:34 PM
Joe Overby, Editor
You can probably expect nearly 40 million used-car sales this year, according to the latest Manheim Used Vehicle Value Index report. Citing NADA data, Cox Automotive chief economist Tom Webb said in analysis accompanying the report that that growth in used sales has accelerated since the year’s outset. The full-year sum, he said, should […] [Read More]
Former Ford remarketing exec joins motormindz
Monday, Nov. 9, 2015, 08:34 PM
Auto Remarketing Staff
John Felice — whose time with Ford dates back to 1984 and includes time with the remarketing department as well as sales in the U.S. and Asia — landed a new executive role on Monday with motormindz, a global automotive professional services and technology company. Felice is now a part of motormindz as a senior […] [Read More]
IHS prediction: A look at cars on road in 2020
Friday, Nov. 6, 2015, 09:06 PM
Auto Remarketing Staff
In the last seven years, the average age of vehicles on the road in the U.S. increased by 15 percent to 11.5 years. How will that rate change in the next five years? According to Mark Seng, the global aftermarket practice leader for IHS Automotive, the company’s prediction is an increase in overall average age […] [Read More]