Analysis
Private-Party Sales Lead Used-Car Surge
Wednesday, Sep. 5, 2012, 05:59 AM
Auto Remarketing Editor Joe Overby
Private-party sales showed the greatest increase, franchised dealers increased used sales by more than 3 percent and independents saw their used sales fall 6.6 percent. That’s the word from CNW Research, which said Tuesday that, overall, August used-vehicle sales reached 3.87 million units for a 1.5-percent year-over-year uptick. Breaking it down, franchised dealers moved 1.48 […] [Read More]
EXCLUSIVE PREVIEW: Though CPO Supply Improving, Diligent Sourcing Still Vital
Wednesday, Sep. 5, 2012, 05:58 AM
Auto Remarketing Editor Joe Overby
When it comes to sourcing supply, the outlook for the certified pre-owned industry looks bright, says Toyota’s Brad Heagy. He told Auto Remarketing that he believes the industry is past the peak in used values and over the trough in used availability, and that trade-in supply may be on the verge of increasing. “I would […] [Read More]
DSC of Indiana Announces Multi-Year Exclusive Sponsorship of Auction Academy
Wednesday, Sep. 5, 2012, 05:54 AM
Auto Remarketing Staff
The continuing education program designed to train the next generation of auction industry professionals now has an exclusive new sponsor, one who has signed a multi-year agreement. Announcing its sponsorship of the Auction Academy is Dealer Services Corp. of Indiana, which has signed on as exclusive Floorplan Finance Industry Segment Sponsor. Auction Academy, which was […] [Read More]
Dealers Get Resourceful to Find Used Units
Tuesday, Sep. 4, 2012, 07:59 AM
Auto Remarketing Editor Joe Overby
In an effort to secure enough used inventory to the meet the needs of its customers, an Illinois BMW dealership is reaching out to area consumers in hopes to buy $3 million worth of used vehicles this month. Bill Jacobs BMW of Naperville, Ill., launched its “Major Buy Back Event” on Friday and is looking […] [Read More]
The Race for Super Bowl XLVII Ads Has Begun
Tuesday, Sep. 4, 2012, 07:54 AM
Sarah Rubenoff
As football season gets underway, companies in our industry already have their sight’s set on the Big Game. Cars.com revealed late last week it is heading back as an advertiser in Super Bowl XLVII. With one 30-second spot, Cars.com marks its sixth consecutive year of advertising in the Big Game. "Commercials during the Big Game […] [Read More]
Beige Book: Dealers Faring Well; Used-Car Strength Spotted
Friday, Aug. 31, 2012, 06:00 AM
Auto Remarketing Editor Joe Overby
The Richmond and San Francisco regions were the only two Federal Reserve Districts said to have had “a bit slower paced” auto sales in the latest Beige Book report, but even these two districts are seeing hefty demand, according to the Fed, particularly on the used-car side. This was just one of several favorable signs […] [Read More]
J.D. Power: Canada’s Used-Car Days-to-Turn Rate Jumps Again
Thursday, Aug. 30, 2012, 03:28 PM
Auto Remarketing Editor Joe Overby
The used-car days-to-turn rate in Canada climbed for the second straight month, according to the latest data provided by J.D. Power and Associates’ Canadian Automotive Practice. Following four consecutive months of declines, the rate settled at approximately 54 days to turn in May, before creeping up each of the last two months and reaching close […] [Read More]
Toprak: Increased Late-Model Supply Helps Push Used Sales Growth
Thursday, Aug. 30, 2012, 05:59 AM
Auto Remarketing Editor Joe Overby
Used-vehicle sales appear to be headed toward the 4-million-unit range this month, which would beat the figures from last August by more than 4 percent, according to TrueCar.com. Specifically, TrueCar is calling for 3.99 million used sales this month, which would be a 4.7-percent increase from a year ago. “It’s mostly an inventory-driven increase,” Jesse […] [Read More]
Used Prices On The Way Down, but Still Remain Close to New Rates
Thursday, Aug. 30, 2012, 05:57 AM
Sarah Rubenoff
Though used-car prices are trending downward after landing at record highs due to low supply, rates are still high and some consumers are turning towards buying new. In light of this trend, Kbb.com offered a list of vehicles shoppers should consider buying new, since used prices for these units are sitting particularly close to this […] [Read More]
NADA UCG: Large Pickup Segment Continues to Ride Depreciation ‘Roller Coaster’
Wednesday, Aug. 29, 2012, 06:00 AM
Sarah Rubenoff
Though NADA Used Car Guide is predicting used-vehicle depreciation rates will see only a modest uptick in the next few years, a few segments it tracks are set up to buck the trend. In fact, a few of these segments, mostly truck-related, are expected to experience changes “well above the market as a whole,” explained […] [Read More]