Analysis
Banks: New-Car Success of 2013 Accord, Fusion Carries Over to Used Value Strength
Friday, Aug. 16, 2013, 06:00 AM
Auto Remarketing Staff
Here’s some good news if you’re a dealerwho sells certain Ford Fusions or Honda Accords. The 2013 model-year editions of these vehicles have not only been “winners” on the new-car sales and market-share growth fronts, but they’ve also retained more value on the used-car side than any other cars in their segment. That’s according to […] [Read More]
AutoPacific Announces Vehicles Owned by Best-Satisfied Customers
Friday, Aug. 16, 2013, 05:55 AM
Auto Remarketing Staff
AutoPacific has announced the 2013 Ideal Vehicle Awards, based on surveys from more than 52,000 new-car owners on their satisfaction with their vehicles. Who came out on top? Well, Porsche is the top premium brand (Porsche has also won the IVA for sports cars in seven of the past eight years), while the top-scoring popular […] [Read More]
10 Luxury Trades Fetching Most Cash at Trade-In Marketplace
Wednesday, Aug. 14, 2013, 06:48 AM
Auto Remarketing Staff
Luxury dealers looking to generate a few trade-ins might get a better idea of what kind of buyers make up their target audience, thanks to a list recently published by AutoTrader.com. The site has named its 10 Most Valuable Used Luxury Cars, as determined by the 3-year-old vehicles for which dealers are offering the most […] [Read More]
EXCLUSIVE: Popular CPO & Used SUVs Prove Hard to Find in July
Tuesday, Aug. 13, 2013, 02:05 PM
Sarah Rubenoff
Though luxury vehicles continue to be the hardest used models to find, a few SUVs stood out in July — proving elusive for dealers looking to satisfy summer family road trippers and customers in the market for a roomier vehicle. According to the latest installment of vehicle scarcity data that is provided monthly to Auto […] [Read More]
37 Percent of New-Car Intenders Opting Out of Market Choose to Buy Non-Auto Goods; How Many Buy Used Cars?
Tuesday, Aug. 13, 2013, 05:59 AM
Auto Remarketing Editor Joe Overby
There will likely be at least a quarter million new-car intenders this year who decide at the 11th hour not to buy, according to estimates from CNW Research, which studied the reasons these shoppers choose this path. What the firm found is that the proportion that goes for a used car instead is down marginally […] [Read More]
Average APR and Terms for Q2 Used Sales at Franchised Stores
Tuesday, Aug. 13, 2013, 05:56 AM
Nick Zulovich
Along with data about how many used-vehicle contracts written at franchised dealerships are bringing in some negative equity, Edmunds.com shed light on term length, APR and more about second-quarter used-vehicle sales at franchised stores. Edmunds determined the average APR in the second quarter came in at 8.2 percent, down slightly from the previous quarter when […] [Read More]
10 Used Models for Dealers to Attract Shoppers Looking for Fun, Financially Sound Vehicle
Monday, Aug. 12, 2013, 07:56 AM
Auto Remarketing Staff
So, you’re a dealer and a customer walks onto your lot looking for a used vehicle that is both fun and makes sense financially. A feature posted Friday to Edmunds.com might help — it offers 10 used vehicles that fit the bill, giving dealers an added selling point to move these models. [Read More]
Chevrolet Dominates Top 15 Most-Researched Used Vehicles; Who Leads Brand Rankings?
Friday, Aug. 9, 2013, 06:00 AM
Auto Remarketing Staff
While NADA Used Car Guide also rattled off the top 15 used vehicles most researched on NADAguides.com last month, analysts noticed how Buick and Audi strengthened their momentum for year-over-year gains in consumer activity. In July, Buick led the way with a 23-percent gain in consumer activity, and Audi wasn’t far off that pace with […] [Read More]
CPO Share Beats 3 of Past 4 Quarters
Friday, Aug. 9, 2013, 05:59 AM
Auto Remarketing Editor Joe Overby
The share of franchised dealers’ used-vehicle sales that the certified pre-owned market commanded in the second quarter was down from the record penetration in Q1, but Q2 CPO share still beat the year-ago figure — not to mention certified sales were at a record pace, yet again. That’s according to the Used Market Quarterly Report […] [Read More]
4 Straight Years of Stronger New-Car Sales & the Impact for Used Market
Thursday, Aug. 8, 2013, 06:00 AM
Auto Remarketing Editor Joe Overby
Full-year new-vehicle sales will likely climb for the fourth straight time, rising more than 5 percent from 2012 to hit 15.6 million units. That’s according to The Kiplinger Letter from Friday, which also projects 16.3 million new-car sales for 2014 — which would be a seven-year high. Based on what Jim Patterson, associate editor for […] [Read More]