Analysis
VW Exec Recognized as Dealer Association’s ‘Woman of the Year’
Tuesday, Jul. 31, 2012, 01:29 PM
Auto Remarketing Staff
It was announced this week that an executive from Volkswagen Group of America has been named “Woman of the Year” by the National Association of Minority Automobile Dealers. The recipient of the award, Machelle Williams — general manager of organizational development and diversity, human resources at VW Group of America — was selected for her […] [Read More]
Cars.com Spots 12-Percent Price Decline for Late-Model Segment
Tuesday, Jul. 31, 2012, 05:58 AM
Auto Remarketing Staff
Although late-model vehicle pricing on Cars.com was down just moderately from June to July, an entry on the site’s Kicking Tires blog pointed out a few models whose asking prices dropped significantly. More specifically, the late-model car whose asking price on the site dipped the most was the Saturn Aura, according to the report written […] [Read More]
Webb: Latest Retail Sales Trends Typically Indicate Recessionary Conditions
Tuesday, Jul. 31, 2012, 05:57 AM
Auto Remarketing Staff
In his latest look at broad economic indicators that might eventually sway auction and dealer activity, Manheim’s Tom Webb used the “R” word — recession. The Manheim economist pointed out that U.S. retail sales fell 0.5 percent in June, marking the third consecutive monthly decline as federal officials issued revisions. “The last time that happened, […] [Read More]
eBay Motors Offers New Dealer Certified Consultant Program
Tuesday, Jul. 31, 2012, 05:55 AM
Auto Remarketing Staff
As the online auto market constantly evolves, creating a non-traditional brand of buyers, a new program for dealers is designed to help meet their needs. eBay Motors, which reports sales of more than 4.55 million new and used vehicles to date, announced Monday the launch of the eBay Motors eDealer Certified Consultant program, as an […] [Read More]
NADA Pres. Leaving for New Role
Monday, Jul. 30, 2012, 08:19 PM
Auto Remarketing Staff
The National Automobile Dealers Association has announced that president Phillip Brady has been appointed senior vice president of government affairs for Phillips 66. NADA chairman Bill Underriner is forming a search committee to find a new NADA president to replace Brady, who has held the role the past 12 years. Brady heads to Phillips 66 […] [Read More]
Domestic Sales Remain Flat in July; Japanese Brands to See Strong Gains
Monday, Jul. 30, 2012, 07:58 AM
Sarah Rubenoff
As a good chunk of automotive analyst companies revealed their predictions for July’s new-vehicle sales, noting they expect the month’s SAAR to rise above 14 million, experts also shared just which OEMs are likely to benefit the most from this sales spike. Kelley Blue Book explained that it expects Japanese brands to lead industry grains, […] [Read More]
KBB President Shares Dealer Benefits of First-Ever TV Ad Campaign
Monday, Jul. 30, 2012, 07:57 AM
Auto Remarketing Editor Joe Overby
If a shopper steps on a dealer’s lot and is confident and educated about the car-buying process, there are likely to be fewer obstacles that the salesperson must overcome in discussing a potential purchase with the consumer. With a confident shopper who is knowledgeable about car-buying, the dealer can devote his conversation with the customer […] [Read More]
Study: Growing Size Options for Gas Sippers are Contributing to High US Auto Fuel-Efficiency
Monday, Jul. 30, 2012, 07:54 AM
Auto Remarketing Staff
The number of fuel-efficient vehicles on U.S. highways is growing at a fast tick, according to industry analysts Baum & Associates. In fact, the company reported that the first half of this year set the record for the highest-ever fuel efficiency for new passenger vehicles entering the U.S. market. [Read More]
After Q2 Gains, Analysts Gauge Progress of Used Sales in July
Friday, Jul. 27, 2012, 05:59 AM
Auto Remarketing Editor Joe Overby
Several of the nation’s publicly traded dealership groups have released their second-quarter performance reports in recent days and a common theme has been the strength in used-vehicle sales during the period. And for the overall used market — including independent dealers and casual sales, as well as franchised shops — CNW Research recently reported that […] [Read More]
New-Car Sales for July on the Rise; Pent-Up Demand, Redesigns Pushing Growth
Friday, Jul. 27, 2012, 05:58 AM
Sarah Rubenoff
July new-vehicle sales are expected to continue the surge dealers have been experiencing so far in 2012. In fact, the market is projected to hit a total new-car SAAR of 14 million this month, according to Kelley Blue Book. But that’s not all. July new-vehicle retail sales are also expected to post the second strongest […] [Read More]