Analysis
Used Sales Off to Hot Start Following Solid 2014
Monday, Jan. 26, 2015, 09:31 PM
Joe Overby, Editor
There is likely to be nearly 3 million used-vehicle sales this month, according to TrueCar, which said in an analysis released Monday that this would be close to a 6-percent gain from January 2014 numbers. Specifically, TrueCar expects there will be a combined 2,921,002 used sales between independent dealers, franchised dealers and private-party transactions in […] [Read More]
46M Vehicles with Safety Recalls Yet to Be Repaired
Monday, Jan. 26, 2015, 08:34 PM
Auto Remarketing Staff
As the company launched a new advertising campaign and forged a partnership to benefit independent repair shops, Carfax shared new research that showed more than 46 million vehicles nationwide have at least one safety recall that has never been fixed. In fact, Carfax said 5 million of those units were bought and sold by potentially unsuspecting […] [Read More]
Car Shoppers Looking To Complete Purchase By 90-Minute Mark
Wednesday, Jan. 21, 2015, 08:05 PM
Sarah Rubenoff, Staff Writer
With the NADA Convention & Expo is in full swing this week, AutoTrader.com released new statistics that show car shoppers are looking for a convenient — and short — car-buying experience. Once customers make it onto the lots, a recent white paper from Cox Automotive — parent company to AutoTrader — shows car buyer satisfaction […] [Read More]
CFPB, Advocating Dealer Network Top NADA Chair’s List
Wednesday, Jan. 21, 2015, 07:55 PM
Joe Overby, Editor
While much of the political discussion around the nation is already buzzing about the 2016 presidential election, the National Automobile Dealers Association has its sights set on a more immediate governmental topic bubbling up in Washington, D.C. The issues and challenges surrounding the Consumer Financial Protection Bureau are at the top of the to-do list […] [Read More]
Small Vehicles Show ‘Healthy Demand’ Amid Low Fuel Prices
Tuesday, Jan. 20, 2015, 08:04 PM
Auto Remarketing Staff
Even with today's low gas prices, consumers are still often playing it safe with more fuel-efficient rides. Swapalease.com illustrated this assertion by analyzing four of today’s most popular fuel-efficient models against four of the current most popular large trucks/SUVs. Looking at search consideration data from 2013 versus 2014, when gas prices plunged over the course of […] [Read More]
AutoTrader Weighs Off-Rental & CPO Connection
Tuesday, Jan. 20, 2015, 04:46 PM
Joe Overby, Editor
The hand-in-hand relationship between certified pre-owned and off-lease supply has been widely documented and discussed. And for good reasons: a car coming off lease typically fits within the age and mileage requirements of automaker CPO programs, the pipeline to dealer lots makes sense, and it’s a path that tends to benefit both dealer and OEM, […] [Read More]
Why Shoppers Consider CPO
Tuesday, Jan. 20, 2015, 04:23 PM
Joe Overby, Editor
In its latest study on certified pre-owned released this fall, AutoTrader.com posed this question to respondents: “Why would you consider purchasing a CPO vehicle?” What the company discovered is that for new-car shoppers, used-car shoppers and CPO shoppers alike, the same two reasons came in at Nos. 1 and 2, respectively. And what were they, […] [Read More]
6 to Earn Spirit of Leadership Honors from WAAI
Friday, Jan. 16, 2015, 06:50 PM
Auto Remarketing Staff
The Women’s Automotive Association International will present six women with its 2015 Spirit of Leadership Award in conjunction with upcoming NADA Convention & Expo activities in San Francisco. The award recognizes “outstanding professional achievements, community involvement, and contributions to the growth and progress of the automotive industry,” and this year it will honor: — Celeste […] [Read More]
Trade-In Values Still Led by Luxuries
Wednesday, Jan. 14, 2015, 09:19 PM
Joe Overby, Editor
Trade-in values are on the rise and it appears that, once again, recent movements are particularly rosy for luxury segments, which have maintained the months-long edge they’ve had over their mainstream peers. The latest issue of Guidelines from NADA Used Car Guide indicates that, overall, there was a 1.2-percent month-over-month increase in trade-in values for the January […] [Read More]
Buyers Still Want Fuel-Efficiency Despite $2 Gas
Wednesday, Jan. 14, 2015, 09:04 PM
Auto Remarketing Staff
Even though gas might cost about $2 a gallon in many parts of the country, potential buyers still might not be too keen on those fuel-thirsty rigs in your inventory. The J.D. Power 2015 U.S. Avoider Study indicated that fuel-economy remains the most influential factor among the majority of new-vehicle buyers in determining which vehicle […] [Read More]