Analysis
New Electric Vehicle Study Pinpoints Potential Annual Operating Cost Savings
Tuesday, Apr. 17, 2012, 02:53 PM
Auto Remarketing Staff
Researchers with the Union of Concerned Scientists pinpointed just how much an electric vehicle owner could save in operating costs compared to an average compact model. Study findings revealed owners of models such as the Nissan LEAF and Chevrolet Volt can save $750 to $1,200 a year compared with operating an average new compact gasoline […] [Read More]
Dataium: Traffic to Toyota Dealer Websites Jumps by Double Digits
Tuesday, Apr. 17, 2012, 02:47 PM
Auto Remarketing Staff
Dataium’s latest Automotive Shopper Intensity Index showed potential buyers flocked to websites operated by Toyota dealers in March. Analysts found the brand secured the highest ASI ranking of all nameplates as vehicle searches on dealership websites rose 10 percent above the previous month. Coming in behind Toyota in Dataium’s breakdown was Ford, followed by Chevrolet. […] [Read More]
Carfax: Nearly Three Million Vehicles with Open Recalls for Sale in 2011
Tuesday, Apr. 17, 2012, 05:58 AM
Auto Remarketing Staff
While pinpointing the states with the most vehicles with open recalls for sale, Carfax declared in a study released Monday that choosing to ignore recalls “threatens the safety of consumers everywhere.” Carfax counted more than 2.7 million used vehicles for sale online in 2011 with safety recalls that were never fixed. The company contends both […] [Read More]
Calif. Dealers Voice Opposition to Bill Changing History Reporting Standards
Monday, Apr. 16, 2012, 10:02 AM
Sarah Rubenoff
A new California bill signed this past summer — Assembly Bill 1215 — which created changes for salvage vehicles that eventually make it onto a dealer’s retail lot may soon be altered, that is, if the proposed Senate Bill 990 goes through. This legislation would allow the use of reports from commercial data providers, such […] [Read More]
NADA: Proposed Fuel-Economy Rules Likely to Slice New-Car Market by 7M Buyers
Monday, Apr. 16, 2012, 10:01 AM
Auto Remarketing Staff
The National Automobile Dealers Association released a study late last week suggesting that higher vehicle prices resulting from proposed fuel economy rules will cut millions of potential new-car buyers out of the market in 2025. Don Chalmers, president of Don Chalmers Ford in Rio Rancho, N.M., and chairman of NADA’s government affairs committee, declared, “To […] [Read More]
AutoTrader: CPO Consideration Climbs Among New-Car Shoppers, Leads to Sales Growth
Friday, Apr. 13, 2012, 05:59 AM
Auto Remarketing Staff
Prompted by a tough economy, consideration for certified pre-owned vehicles among new-car shoppers has widened, according to AutoTrader.com, which said this growth has helped drive record sales in the CPO market. Specifically, 60 percent of new-vehicle shoppers claim their willingness to consider CPO vehicles has gone up because of the economy, according to end-of-2011 research […] [Read More]
Jumpstart Rolls Out Marketing Insights Book
Friday, Apr. 13, 2012, 05:55 AM
Auto Remarketing Staff
Jumpstart Automotive Group unveiled a marketing insights book on Wednesday that it contends can help in automakers’ campaigns to better reach and influence car shoppers. The Jumpstart Automotive Insights Book 2010-2011 aims to accomplish this through the comprehensive two-year analysis in the publication that examines car-shopper trends and auto marketing data. [Read More]
Auto Remarketing Canada Conference Presented by CarProof Sets Attendance Record
Thursday, Apr. 12, 2012, 04:35 PM
Auto Remarketing Staff
Registration for the 2012 Auto Remarketing Canada conference presented by CarProof has reached an all-time high, conference organizers announced today. As of this morning, there are nearly 450 registered attendees for this year’s conference, which is being held Monday through Wednesday at The Fairmont Royal York in Toronto. But it’s not too late for those […] [Read More]
Canadian Brands Post Records as CPO Market Soars
Thursday, Apr. 12, 2012, 03:52 PM
Auto Remarketing Editor Joe Overby
Several brands posted all-time records for certified pre-owned sales in Canada last month, as March proved to be rather fruitful for most automakers reporting CPO sales to Auto Remarketing Canada. Over at Honda Canada, for instance, both its Acura and Honda brands enjoyed their best months of all time for certified sales. The flagship brand […] [Read More]
Beige Book: Dealers Faring Well Throughout Most of U.S.
Thursday, Apr. 12, 2012, 05:59 AM
Auto Remarketing Editor Joe Overby
In discussing how car dealers are faring in each of its 12 districts, the Federal Reserve painted a picture of an auto market that appears, for the most part, to be relatively healthy. In the Fed’s latest Beige Book report, gains were noted on both the retail and manufacturing sides of the car business. Dealers […] [Read More]