Analysis
Ally Financial Survey Measures Dealers’ Increase in Charitable Giving
Monday, Oct. 1, 2012, 07:54 AM
Auto Remarketing Staff
A recent survey by Ally Financial showed dealers continued to be a "pillar of strength" in their communities, particularly when it comes to charitable giving. Survey data indicated that nearly two-thirds of U.S. dealers increased their charitable contributions this year compared to last year. In addition, officials highlighted that more than half of those who […] [Read More]
Edmunds Offers Take on Monthly Used Sales; Chrysler to Notch Best New Market Share in Year
Friday, Sep. 28, 2012, 06:00 AM
Auto Remarketing Editor Joe Overby
September draws to a close this weekend, ending what appears to have been a rather solid month for used-vehicle sales, according to Edmunds.com. The company is anticipating 3.13 million used sales for the month, which would be relatively static compared to the 3.14 million used sales in August. Compared to September 2011, it would be […] [Read More]
Analysts Dissect Canadian Days-to-Turn Trends & Provincial Sales Patterns
Thursday, Sep. 27, 2012, 04:35 PM
Auto Remarketing Editor Joe Overby
The days-to-turn rate for the Canadian used- and new-car markets climbed for the third straight month, according to the latest Automotive Market Metrics report from J.D Power and Associates’ Canadian Automotive Practice. J.D. Power found that in August — the most recent data provided — each side of the industry was between 58 and 62 […] [Read More]
Kijiji Autos Offers Free Webinar On How to Use Social Media to Boost Sales
Thursday, Sep. 27, 2012, 03:55 PM
Auto Remarketing Staff
Kijiji Autos recently announced its Webinar series is back on the calendar with another session. This free offering will focus on a questions many Canadian dealers might have on their minds. The online seminar is titled, “Does Social Media Sell Cars & Services?” Paul Potratz, of Potratz advertising, asserts that in fact, social networking can […] [Read More]
Used & New Sales Surge from Year-Ago Levels
Thursday, Sep. 27, 2012, 05:59 AM
Sarah Rubenoff
As one Japanese brand earned both the used- and new-vehicle top spots within Kbb.com's latest rankings of most-researched models, the industy as a whole has been surging, according to auto analysts. And that includes both used- and new-vehicle sales for September. With CNW predicting that used sales will reach 3.49 million units for this month, […] [Read More]
Breakout Sessions Allow Dealers to Customize CPO Forum Experience
Wednesday, Sep. 26, 2012, 05:58 AM
Auto Remarketing Staff
Whether you are more interested in market insights and trends or advertising and digital media strategies, the CPO Forum lets you, as a dealer, customize which workshops work best for you based on your store’s needs and interests. This year’s event will feature brand-new “large-group” workshops, which are designed to be larger than our standard […] [Read More]
Edmunds’ Inside Line: Average Trade-in Age Under 6 Years; Where Are Trades the Youngest?
Wednesday, Sep. 26, 2012, 05:57 AM
Auto Remarketing Editor Joe Overby
According to a post on the Inside Line blog from Edmunds.com, the state where dealers saw the youngest trade-ins flowing on to their lots last month was Oklahoma. The blog entry, written by automotive content editor Warren Clarke, indicates that trade-ins in this state were an average of 4.95 years old in August. Tied for […] [Read More]
Depreciation Remains Slow; Gas Prices Have ‘Minimal’ Impact
Tuesday, Sep. 25, 2012, 03:01 PM
Auto Remarketing Staff
As temperatures begin to cool, and we pass the middle of the month and look toward October, rising gas prices continue to have a “minimal” impact on used vehicle prices, according to NADA Used Car Guide’s Jonathan Banks. The NADA UCG senior analyst explained that through the first half of the month, compact and midsize […] [Read More]
CNW: Independents Turn Things Around; Used Market to Hit Nearly 3.5M Sales This Month
Tuesday, Sep. 25, 2012, 06:00 AM
Auto Remarketing Editor Joe Overby
Independent dealers are having one of their best months in quite some time, and the overall used-vehicle market is likely to improve more than 8 percent in September, according to CNW Research. It is expected that used sales will reach 3.49 million units for the month, which would compare to 3.23 million used sales in […] [Read More]
CNW: Used Prices & Days’ Supply On The Rise
Tuesday, Sep. 25, 2012, 05:58 AM
Sarah Rubenoff
Though used prices continue to decline, it looks like the slide is slowing, according to CNW’s September Retail Automotive Summary. As the rate of price decline continues to shrink and used vehicle days’ supply continues to grow, it appears the fourth quarter of this year bodes well for dealers' used-car departments. [Read More]