When the calendar turned to August, our enthusiasm for Used Car Week ramped up a few more RPMs. The excitement level also was juiced by nearly another dozen sponsors coming aboard for our series of industry-leading conferences that run from Nov. 16-20 at the Phoenician in Scottsdale, Ariz. The latest additions include: CPO Forum Edmunds.com SubPrime […] [Read More]

If it’s not on your radar already, one industry trend will be soon as the stats become increasingly hard to ignore. That is, electric vehicles’ alarming depreciation rates. According to new data and insight from Black Book, EVs continue to face much heavier depreciation rates than their gas counterparts. In some instances, consumers can shell […] [Read More]

Today’s installment of the Q&A series from the recent Power 300 issue of Auto Remarketing features Jared Rowe, the president of Autotrader. In this story, Rowe covers everything from certified pre-owned opportunities to facilitating quicker F&I processes and the consumer experience. Auto Remarketing: You’ve said in the past that although good work is being made […] [Read More]

Light vehicles in operation, as of January 1, reached a record level of 257.9 million. And the average age of those vehicles experienced a slight uptick to 11.5 years old. On top of that, volumes of cars up to five years old are expected to jump by as much as 24 percent over the next five […] [Read More]

Look for used-vehicle sales this month to be north of 3.2 million units, say industry analysts. TrueCar and Edmunds.com each released separate analyses this week forecasting July used-car sales in that ballpark. Edmunds is predicting 3.22 million used sales this month, which would result in a seasonally adjusted annualized rate of 36.9 million. Meanwhile, TrueCar […] [Read More]

Just a few months out, the excitement around Used Car Week continues to build, with eight new sponsorships coming aboard in the past week. Sorted by conference, the latest to sign on are: CPO Forum Experian National Remarketing Conference GM Financial      Used Car Week Auto IMS             Automovy Logistics         CallMiner             Experian Intellaegis […] [Read More]

Since its debut, more than 45 percent of new-car sales for the Tesla Model S have come from California, according to data from Polk and Edmunds.com. But on the used-car side, the Golden State’s share is much smaller — in fact, it’s just over 30 percent. States like Florida, Washington and Texas have poached pieces […] [Read More]

In findings that should catch the attention of used-vehicle departments, too, a monthly analysis developed jointly by J.D. Power and DealerRater showed a majority of new-vehicle buyers in the United States indicate that it should take no more than two hours to complete a vehicle purchase from the time they walk into the dealer showroom. […] [Read More]

Imagine what would happen if dealers could only offer a fraction for their customer's trade-ins, or could not even send the trade-in vehicle to auction. This could be a dark reality if the Sen. Richard Blumenthal (D-Conn.) used car amendment, which would ground all recalled vehicles at dealerships until remedied, is passed. When a food […] [Read More]

Mercedes-Benz of The Woodlands, a Texas dealer near Houston that opened earlier this year, has announced that it plans to donate 100 percent of its new profits from the month of July to the Johnny Mac Soldiers Fund and the Texas Children’s Hospital. All net profits from vehicle sales, service visits and other transactions conducted […] [Read More]