Consumers might intend to buy new, but reality pushes them to used-car market
Tuesday, Oct. 29, 2024, 03:07 PM
Lotlinx: Q3 shows high day supply, largely aging vehicle inventory
Tuesday, Oct. 29, 2024, 01:09 PM
JD Power sees October being complicated for used retail & new lease markets
Friday, Oct. 25, 2024, 11:27 AM
Analysis
Auto Remarketing Canada Expands; Introducing the Digital Magazine
Wednesday, Jan. 30, 2013, 03:52 PM
Auto Remarketing Canada Editor Sarah Rubenoff
Check your inboxes as February gets under way: Auto Remarketing Canada Digital NewsMagazine is set to launch this coming week, bringing you all the top quality news from your e-newsletters and much more in one easily accessible place! From subway trains to busy conferences, auctions and more, people in the high-speed automotive industry rarely have […] [Read More]
CNW: Commercial-fleet Sales See Booming 2012; Set For Slower Pace This Year
Wednesday, Jan. 30, 2013, 06:59 AM
Sarah Rubenoff
Apparently, retail consumers weren’t the only ones buying more cars in 2012. Commercial-fleet sales were booming, as well, ending the year 41 percent above 2011 yearly levels. In 2012, the industry saw 5.7 million commercial-fleet units sold — or 39 percent of total deliveries, according to CNW’s latest Automotive Retail Summary. [Read More]
Newest J.D. Power Study Determines Which Brand Has the Best Website
Wednesday, Jan. 30, 2013, 06:57 AM
Auto Remarketing Staff
The brand might have some of the smallest units on the road, but J.D. Power and Associates determined the badge packs the most effective punch with its website. J.D. Power’s 2013 Manufacturer Website Evaluation Study — Wave 1 revealed that the company with the best site is smart, scoring 845 on a 1,000-point scale. Jeep […] [Read More]
AIADA Annual Meeting to Feature Address from Mercedes-Benz CEO & More
Tuesday, Jan. 29, 2013, 05:16 PM
Auto Remarketing Staff
The American International Automobile Dealers Association is reminding dealers they still have time to register for the group’s 43rd Annual Meeting and Luncheon at next month’s NADA Convention and Expo in Orlando, Fla. In addition to a keynote address from Mercedes-Benz president and chief executive officer Steve Cannon, AIADA’s annual meeting and luncheon will […] [Read More]
Drivers Planning to Keep Rides Longer
Tuesday, Jan. 29, 2013, 03:22 PM
Auto Remarketing Staff
As the average age of vehicles on the road continues to rise, it seems people are looking to keep their rides longer than ever. According to a recent KBB.com home page poll, a third of respondents said they intend to keep their next vehicle purchase for 10 years or more. And this is quite a […] [Read More]
KBB Ranks Hottest 25 Used Cars
Tuesday, Jan. 29, 2013, 07:00 AM
Auto Remarketing Editor Joe Overby
On Monday, the Michigan Wolverines and Kansas Jayhawks became the latest in a revolving door of teams taking the No. 1 spots in the NCAA men's college basketball rankings this season. But consistency seems to be the name of the game in the used-car market. The Honda Accord has continued its reign as the used […] [Read More]
CNW: Growing Used Supply Contributes to Lower Pre-Owned Prices
Monday, Jan. 28, 2013, 08:59 AM
Sarah Rubenoff
Industry experts report that used prices remain stagnant for both independent and franchised dealers, with prices dropping to rates quite a bit lower than seen in 2012. CNW Research president Art Spinella said used-vehicle prices remain stagnant on both a retail and wholesale level. So far this month, prices are down 2.73 percent for franchised […] [Read More]
Studies Show Consumers May Turn to Independent Repair Shops Before Dealership Service Centers
Monday, Jan. 28, 2013, 08:57 AM
Sarah Rubenoff
A couple studies released late last week focused on the service side of the dealership, with one online survey showing customers may need a bit more incentive to visit in-dealership repair shops over independent stores. The AutoMD.com survey revealed that while consumers are generally satisfied with their dealership experience, they trust independent repair shops over […] [Read More]
2013 Off to ‘Excellent’ Start for Used-Car Sales
Friday, Jan. 25, 2013, 07:00 AM
Sarah Rubenoff
It seems the year is off to a roaring start in terms of used-car sales. With Edmunds.com expecting an estimated 3.21 million used cars to be sold this month — for a SAAR of 40.2 million — CNW Research anticipates the number will reach 2.3 million units, up 4 percent year-over-year. And both franchised and […] [Read More]
AutoTrader Says ‘Disconnect’ Exists Between Dealers’ CRM Data & Online Shopping Behavior; Suggests Steps for Dealer Improvement
Friday, Jan. 25, 2013, 06:58 AM
Auto Remarketing Staff
How important is your online advertising strategy? Dealers rely on customer relationship management to gauge how many shoppers are citing the Internet as incentive to visit a dealership, but this practice may not be providing accurate results, according to a recent study. This week, AutoTrader.com released a new white paper called “The CRM Paradox,” which […] [Read More]