All eyes were on new product launches and redesigns as the North American International Auto Show got underway Monday in Detroit, but ALG’s Eric Lyman peeled back the onion a bit to look at what kind of used-car values these rides might hold a few years down the road. Here’s what the vice president of […] [Read More]

Just before Christmas, CarMax released results for its third quarter of fiscal year 2013. The company, like many velocity dealers, saw positive results in used vehicles; total unit sales were up 16 percent for the quarter compared to the prior year, an increase that included a 12-percent gain in same-store sales volumes. As I reviewed […] [Read More]

Three brands, in particular, stand out in the minds of luxury buyers and inspire trust, satisfaction and customer loyalty, according to a recent survey. Ranking highest in the 2013 Luxury Consumer Experience survey conducted by the New York-based Luxury Institute were Lexus, Audi and BMW. [Read More]

It’s a new year, but seemingly the same story for wholesale used-vehicle prices: Analysts predict that about 240,000 to 400,000 more off-lease vehicles will re-enter the market in 2013 than in 2012, causing wholesale prices to soften, possibly down 1 to 2 percent on a year-over-year basis. With prices set to drop, dealers this year […] [Read More]

Fresh off a remarkable 2012 in the certified pre-owned market, four brands have confirmed to Auto Remarketing, as of press time, that they achieved record full-year certified pre-owned sales. According to their respective CPO leaders, 2012 was the best year ever for certified at Volkswagen and for American Honda’s flagship brand, and the year was […] [Read More]

Auto Remarketing recently celebrated another milestone within its social-media platforms. Hitting the landmark last week, the Auto Remarketing group on LinkedIn now has more than 4,000 members. Since reaching the 1,000 member mark in 2011, the community has rapidly expanded and includes leaders from a vast cross-section of the used-car business. This list includes executives […] [Read More]

With close to an additional half-million lease returns expected to flow into the market this year, dealers likely will have a healthier dose of used vehicles on their lots, say analysts with Edmunds.com, who believe that the average price of a used car should drop by hundreds of dollars. [Read More]

As the holidays wrap up and dealers and industry experts alike turn to face the new year, 2013 kicks off with the inaugural Canadian Automobile Dealers Association’s annual summit. The 2013 summit offers a variety of industry-leading speakers and panelists and is scheduled for Feb. 13 at the Hilton Toronto. “Join us for an in-depth […] [Read More]

It was the best used-vehicle market in five years, according to CNW Research, which said Wednesday afternoon that 2012 full-year used sales reached 40.5 million units. This marked a 4.5-percent year-over-year gain and was the market’s strongest yearly sum since 2007. Franchised dealers commanded close to 37 percent of the used-car market, CNW said, with […] [Read More]

A new year has begun, and predictions for a prosperous year for the country's new- and used-car markets are pouring in. Factors such as increases in available trade-ins and high demand are expected to boost used sales, while numerous redesigns may ramp up the new market. According to a study released from Indian firm Ken […] [Read More]