Analysis
NAAA to Share Industry & Economic Outlook During Free Webinar
Tuesday, Jul. 29, 2014, 03:56 PM
Auto Remarketing Staff
The National Auto Auction Association is hosting a free webinar to highlight the results of the organization’s 2013 annual survey and recap industry performances from the first half of this year. NAAA economist Ira Silver also plans to share his outlook for the remainder of 2014 and beyond during the webinar, which will be moderated […] [Read More]
Power 300 Digital Edition on Tap This Week
Monday, Jul. 28, 2014, 08:37 PM
Auto Remarketing Staff
Keep your eyes peeled this week for the all-new digital edition of the Aug. 1 issue of Auto Remarketing, which features the publication’s annual special report: The Power 300 — The Most Powerful Companies in the Pre-Owned Business. The Power 300 is a compilation and listing of the most influential, innovative, impactful, and, of course, […] [Read More]
Some View Leases as Long-Term Test Drives
Monday, Jul. 28, 2014, 06:30 PM
Auto Remarketing Staff
It's possible, or even probable, that many people who lease a vehicle have no intention of keeping the car after their leasing period ends. But 22 percent, according to CNW Research, do end up purchasing the vehicles they lease within six months of the end of the lease’s term. But why do nearly one-in-five people […] [Read More]
2 More Used-Car Sales Forecasts
Friday, Jul. 25, 2014, 07:00 PM
Joe Overby, Editor
Not long after results shared by publicly traded dealer groups and investment analysts painted a clear picture of the second-quarter’s used-car market, industry observers began pinpointing a used-car sales total for July. Starting with TrueCar, the company said Friday it anticipates that July will close with an estimated 3.31 million used sales, resulting in a […] [Read More]
Consumers Crave Dealer Service Information
Wednesday, Jul. 23, 2014, 08:31 PM
Jack Simmons, Cars.com
To win today’s car shopper, it takes more than your sales team to be on its “A” game. The reputation of the entire dealership plays an important role in each car sale. More and more, the service department influences whether a shopper purchases a car from you or another dealer. Increasingly, consumers learn about your […] [Read More]
How July Sales & Supply Could End Up for Dealers
Wednesday, Jul. 23, 2014, 08:02 PM
Joe Overby, Editor
Used-vehicle sales are expected to fall more than 4 percent for both franchised and independent dealers this month, making up the entirety of the 0.4-percent overall decline CNW Research is predicting for July’s used-car numbers. Such declines may give credence to one of two theories CNW laid out to explain another used-car phenomena being spotted […] [Read More]
Automakers Bet on World Cup Craze — And Win
Friday, Jul. 18, 2014, 05:18 PM
Josh Hyatt, Staff Writer
A substantial American viewership for the 2014 World Cup was expected — but the resulting record-breaking number of people tuning in to the tournament shattered all expectations. And the car brands who may benefit the most? Kia, Hyundai and Volkswagen. Over 26 million people in the U.S. viewed the World Cup Final between Germany and […] [Read More]
Used Cars to Recommend to Parents Buying for Teens
Wednesday, Jul. 16, 2014, 06:35 PM
Auto Remarketing Staff
When parents step onto the used-car lot to help their teen pick out a first car, many have two top concerns: affordability and safety. And many parents struggle with how to satisfy both those needs in the same used vehicle. In response to this need, the Insurance Institute for Highway Safety released a few lists […] [Read More]
4-Percent Jump in Auction Volume This Year
Tuesday, Jul. 15, 2014, 08:11 PM
Joe Overby, Editor
With increases in the amount of inventory flowing through the auction and other channels, dealers, it seems, are able to get their hands on an ample supply of used cars for their lots. Halfway through 2014, year-to-date auction volume is up nearly 4 percent against comparable weeks of 2013, according to the National Auto Auction […] [Read More]
Used Cars Fetch 17% More Money in June
Tuesday, Jul. 8, 2014, 08:32 PM
Joe Overby, Editor
Used cars are not only more fresh these days, but they're also much more valuable. And this growth in value is showing up in the prices people are willing to pay for these pre-owned vehicles. In fact, the total value of used cars sold in June was up 17.3 percent from a year ago, according […] [Read More]