Analysis
Latest Dealer Settlement Shows Importance of Advertising Compliance
Monday, Nov. 19, 2012, 09:00 AM
Nick Zulovich
Litigation and settlements associated with what legal experts have warned dealers about — compliance in connection with advertising — were back at the forefront again last week; this time in the Pacific Northwest. A potential scenario discussed in Auto Remarketing’s special issue focused on advertising coming on Dec. 1 played out between Performance Nissan and […] [Read More]
Used Car Week Called an ‘Outstanding Success’
Monday, Nov. 19, 2012, 08:59 AM
Auto Remarketing Staff
The success of this year’s Used Car Week is already pushing organizers to get ready for the 2013 event. The series that included the CPO Forum, the Re3 Conference and the National Remarketing Conference drew dealers as well as automaker and auction company executives from throughout the country together for five days of events at […] [Read More]
Study: Auto Shopping Rates Already Showing Signs of Recovery after Hurricane Sandy
Monday, Nov. 19, 2012, 08:58 AM
Auto Remarketing Staff
Customers may return to the lots sooner than expected after Hurricane Sandy. In fact, according to a report released by Dataium late last week, auto shopping is already showing signs of recovery from the storm. “The report reveals that while online auto shopping declined in the days preceding the storm, the trend started to reverse […] [Read More]
Women in Remarketing Dispense Wisdom at Used Car Week
Friday, Nov. 16, 2012, 02:41 PM
Auto Remarketing Editor Joe Overby
This year’s class of Women in Remarketing honorees were spotlighted Thursday afternoon at Used Car Week, but these leaders of the used-car business did more than just receive awards. They doled out advice, talked about career experiences, lessons learned and much more as they reflected on life and years in the remarketing business as part […] [Read More]
Looking Ahead to 2013
Friday, Nov. 16, 2012, 02:28 PM
Sarah Rubenoff
As 2013 nears closer and closer, dealers and others in the industry look back on the trials and triumphs of 2012. From tight used inventory to the recent Hurricane Sandy, dealers have been presented with some tough situations this year. But as 2012 comes to a close, many industry experts gave Auto Remarketing some promising […] [Read More]
Sandy Impact Potentially Smaller Than Expected; Flood-Damaged Vehicles Remain a Concern
Friday, Nov. 16, 2012, 07:00 AM
Sarah Rubenoff
Though there is no questioning the devastating impact Superstorm Sandy had up and down the East Coast, industry experts are saying the effect on the national new- and used-car markets may be more “modest than what's currently being reported.” Kelly Blue Book and AutoTrader.com stressed that although current estimates state between 200,000 and 300,000 new […] [Read More]
Used Retail Sales Part of Myriad of Topics on Tap for NRC Today
Thursday, Nov. 15, 2012, 02:56 PM
Auto Remarketing Staff
Even with a substantial interruption from Hurricane Sandy, used retail sales still climbed more than 4 percent year-over-year in October, according to CNW Research. And when only considering sales from dealers — taking private-party numbers out of the equation — the upswing is much higher. In fact, CNW found that franchised dealers and independent dealers […] [Read More]
EXCLUSIVE: Highline CPO Units Prove Scarce, Lexus & Audi Remain Elusive
Thursday, Nov. 15, 2012, 07:00 AM
Sarah Rubenoff
The trend continues. Luxury units remained hard to find this past month, especially certified pre-owned units, according to AutoTrader.com. October’s installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com, showed nine out of the top 10 nationally scarce CPO models are in the luxury segment. This has been the trend […] [Read More]
Consumer Demand for New Vehicles Continues to Grow
Thursday, Nov. 15, 2012, 06:56 AM
Sarah Rubenoff
Though Hurricane Sandy has reduced the expected SAAR for new-vehicle sales, according to NADA Used Car Guide’s latest Guidelines report, consumer demand for new rides continued to grow last month. In fact, total light vehicles sales in October increased by 7 percent on an annual basis to reach 1.09 million units. “This brought the year-to-date […] [Read More]
National Remarketing Conference and Re3 Get Rolling Today
Wednesday, Nov. 14, 2012, 02:42 PM
Auto Remarketing Staff
Used-car pricing trends, residual values, the salvage auction market, consignment activity. Government regulation and compliance, emerging technologies, the forwarding model, collections and skip-tracing. These are just some of the topics of discussion on tap for Day 3 of Used Car Week as both the National Remarketing Conference and Re3 event kick off. With NRC and […] [Read More]