An upcoming mark-up of a proposed Republican transportation bill featuring regulatory and consumer protection reforms, which may contain several provisions that could directly impact dealers, is scheduled for Wednesday morning. And several industry sources have already offered their thoughts on this measure (more on that below).  Update: check out some of the ramifications for used-car dealers […] [Read More]

Given their increasing influence on the auto industry, there are several different schools of thought about millennials and their approach (or ambivalence) toward driving and car-buying, many of which have been explored in this publication. Here’s another: they might actually be quite interested in the certified pre-owned inventory on your lot — in fact, possibly more […] [Read More]

Cox Automotive chief economist Tom Webb is confident the used-vehicle industry will eventually surpass the all-time sales record sometime in the coming years; a feat that would require eclipsing the mark of 44.14 million units CNW Research indicated was established 10 years ago. But a return of double-digit margins for dealers on those used-vehicle turns? […] [Read More]

Pushed by growing pre-owned demand and a couple of market conditions making it ripe for consumers to go shopping, used-car sales in the first half of 2015 climbed above 18 million units and beat the year-ago pace by 1.3 percent. That’s according to a recap released Thursday by the National Automobile Dealers Association, which said […] [Read More]

The Used Car Week workshop room at the San Diego hotel was slam-packed like a triple-decker hoagie. Standing room only, and barely that. It was 2013 and the National Remarketing Conference breakout session was a deep dive on multiplatform selling, a topic that has continued to evolve and generate discussions in the two years since, […] [Read More]

In comparing the depreciation patterns of car segments versus those of truck segments, Black Book has noticed a “large disparity” bubbling to the surface. And this gap might be most notable when taking a gander at the list of month-over-month used-vehicle pricing changes for the 25 individual vehicle segments that Black Book tracks. The three […] [Read More]

You’re already working hard: You carefully monitor your three main inventories — new cars, used cars and car parts — to bring down overhead costs and maximize profit. You know what you spend on these tangible assets, and you work to turn a profit on those deals. But there’s a fourth inventory at your dealership, […] [Read More]

Here it is — the moment we know that you’ve been waiting for … we are excited to announce that registration is now officially open for the 2015 Used Car Week conferences! For those of you who are Type A planners, that means it’s time to register so that you can check off that to-do list item. Just click […] [Read More]

Enterprise Holdings announced Thursday it has now hired more than 6,000 military veterans and reservists since it joined the 100,000 Jobs Mission coalition three years ago. Founded in 2011, the 100,000 Jobs Mission works to unite private companies that are committed to helping service members make the transition from military to civilian work life. Since […] [Read More]

Leasing drives loyalty.   This was one of several benefits of the leasing boom mentioned by Experian Automotive’s Melinda Zabritski during an interview with Auto Remarketing at January’s NADA Convention & Expo, and new loyalty data released this week by IHS Automotive indicates this certainly came to fruition during the remainder of the first quarter. […] [Read More]