As part of our “Top 100 Used Car Dealers: Franchised Edition" issue of Auto Remarketing, we asked some of the nation’s leading franchised stores about the challenges they face in the pre-owned market and the strategies they use to overcome those hurdles. Below is what four of the Top Franchised Dealers had to say. Starting in the Midwest, […] [Read More]

When a race car driver finishes blazing through left turns around the track at nearly 200 mph, whom does he or she often thank during the post-race TV? That’s right. The driver gives props to the sponsors.   And we dig that.  We at Used Car Week love our sponsors, too. Just as it takes […] [Read More]

The top-selling used car at CarMax remains the same, with the Nissan Altima collecting that honor for two consecutive years now, and four of the five best-sellers are import-brand vehicles. But domestics have made some big plays in the pre-owned space, based on numbers in CarMax’s 2015 Used Car Shopping Report, which looked at more […] [Read More]

In a recent report posted to its website, Cars.com observed a retail used-car pricing trend similar to what has happened on the wholesale side of the market: prices on fuel-efficient and alternative-powertrain cars remain among the steepest decliners. In fact, the company’s analysis of 2012- to 2014-model-year used-car listings posted to the site found that the […] [Read More]

If you weren’t among the crowds at the most-attended Used Car Week in history, you missed out. Skipping Used Car Week may not get you punked on Jimmy Kimmel Live’s “Finger of Shame,” but it could lead to some serious #FOMO (Fear of Missing Out). But don’t worry, there’s a remedy for that: make sure […] [Read More]

NCM Associates Inc. announced Monday that it has launched a new Chrysler Dealer 20 Group. The company, which says it created the 20 Group peer-collaboration model in 1947, said the newly formed group, the Chrysler Performance 20 Group, held its inaugural meeting last month after forming from the principals of several Chrysler, Dodge, Jeep and […] [Read More]

If there’s any doubt to how much the used-car market has grown post-recession, consider the following data from Edmunds.com that compares used sales data from the first quarters of 2010 and 2015, respectively. Sourced from Edmunds’ Q1 2015 Used Vehicle Market Report, these four statistics give a clear indication of how strong the market has […] [Read More]

In the movie “City Slickers II: The Legend of Curly’s Gold,” Billy Crystal’s character is inspired on his 40th birthday to take a trip with his best pal and his brother in search of hidden treasures. As you may remember, the trio played by Crystal, Daniel Stern and Jon Lovitz then navigate through a rather […] [Read More]

Last week, Auto Remarketing recapped a DealerRater and J.D. Power study — the 2015 PowerRater Consumer Pulse — that breaks down the respective percentages of new-car shoppers that want the salesperson to be a negotiator, educator and facilitator. But what about used-car shoppers? DealerRater shared those numbers with us on Tuesday. And they’re not all that different from the new-car […] [Read More]

Tim Ryan has worked for dealerships that have sold as few as 60 to 70 used cars a month, and he has worked at stores selling as many as 400 or 500 used units each month. But the demand for pre-owned cars in Columbus, Ohio — home of Bob Caldwell Chrysler Jeep Dodge Ram, where […] [Read More]