Analysis
How Used Supply & Economic Factors Are Impacting Canadian Residuals
Thursday, Nov. 29, 2012, 04:39 PM
Auto Remarketing Editor Joe Overby
The supply of used vehicles in Canada will likely see a slight dip, and the resulting impact to residual values is expected to be modest, as well. That’s according to the November/December edition of the ALG Canada Industry Report, which dissected the movement in the nation’s residual values. [Read More]
Dates & Location Set for Auto Remarketing Canada 2013
Thursday, Nov. 29, 2012, 04:05 PM
Auto Remarketing Staff
Mark your calendar: the dates and location for Canada’s leading used-car and remarketing conference have officially been set. The 2013 Auto Remarketing Canada Conference will be held April 22-24 at The Fairmont Royal York in Toronto. CarProof will once again serve as the lead sponsor for the event, which is now in its ninth year. [Read More]
Fed Hearing ‘Mixed’ Reviews on Used-Car Sales
Thursday, Nov. 29, 2012, 07:00 AM
Auto Remarketing Editor Joe Overby
How healthy have used-car sales been in the U.S. the past seven weeks? Well, it may depend on exactly where you are in the country. For every pocket of strength, there seems to be a weak spot. At least that’s the word from the latest Beige Book report of current economic conditions from the Federal […] [Read More]
Used-Car Sales On the Rise; Monthly New-Car SAAR Expected to Hit 15.2M
Thursday, Nov. 29, 2012, 06:58 AM
Sarah Rubenoff
As TrueCar.com predicts this month will achieve the highest SAAR for February of 2008, right before the recession, used sales totals are expected to reveal a spike, as well. November used-car sales are estimated to come in at 2,685,944, up 3.8 percent from November 2011. Though this marks a rise year-over-year, used numbers are down […] [Read More]
J.D. Power: Almost a Third of New-Car Buyers Now Consult Dealerships’ Online Reviews
Thursday, Nov. 29, 2012, 06:56 AM
Auto Remarketing Staff
Dealership ratings based on online reviews are becoming even more important to potential buyers as the J.D. Power and Associates 2012 U.S. Sales Satisfaction Index (SSI) Study showed Wednesday. While nearly 80 percent of new-vehicle buyers use the Internet during their shopping process, J.D. Power also found that nearly one-third consult online ratings/review sites when […] [Read More]
Fleming: Ladies Love Luxury — Cars, That Is. What’s Behind the Rise in Demand for these Vehicles?
Thursday, Nov. 29, 2012, 06:55 AM
Women-Drivers.com president Anne Fleming
Did you know women now are the primary decision-makers and influence 65 percent of all car purchases? Kind of astounding, right? Makes sense, though. Women are more educated, more knowledgeable and have the expertise gained from the explosion of car and driver information on the Internet. Ease of information equals easier decision making. [Read More]
November’s 25 Most-Popular Used Cars
Wednesday, Nov. 28, 2012, 06:59 AM
Auto Remarketing Editor Joe Overby
On Tuesday, Kelley Blue Book provided Auto Remarketing respective lists of the 25 most-researched used and new vehicles on Kbb.com, and topping both charts for November was the Honda Accord. What’s more, Honda claimed the top two spots on each list, as the Civic was the second most popular used car, and the CR-V was […] [Read More]
Number of Sandy-Damaged Vehicles Continues to Rise
Wednesday, Nov. 28, 2012, 06:58 AM
Sarah Rubenoff
As insurance claims continue to stream in, estimates for the number of vehicles damaged by Hurricane Sandy continue to rise. The National Insurance Crime Bureau said earlier this week that revised estimates for the number of vehicles damaged as a result of Sandy has hit the 230,000 mark. And not surprisingly, vehicles in New York […] [Read More]
5 Thoughts on Advertising Success for Dealers
Tuesday, Nov. 27, 2012, 04:52 PM
Auto Remarketing Editor Joe Overby
For a special section feature, Auto Remarketing recently reached out to five of the industry's leading advertising and marketing experts to get their advice for dealers when it comes to advertising in 2013. In the story — which appears in the Dec. 1–14 print edition of Auto Remarketing — they touched on everything from mobile […] [Read More]
Latest Movements in Retail & Wholesale Used-Car Prices
Tuesday, Nov. 27, 2012, 04:01 PM
Auto Remarketing Editor Joe Overby
Superstorm Sandy took a chunk out of the market’s used-car supply, and it appears the impact to transaction prices at dealerships has already begun to play out. CNW Research indicated in its latest Retail Automotive Summary that the average used-car transaction price at a franchised dealer this month is $10,894. This is up from $10,553 […] [Read More]