A combination of factors prompted research firm IBISWorld to report that revenue for repossession agencies is projected to increase during the next five years. IBISWorld analyst Maksim Soshkin explained what is sparking that forecasted revenue rise through 2019 includes increasing per capital disposable income levels and declining unemployment predicted to create more consumer spending. As […] [Read More]

Although the average age of a vehicle on the road today is steady from a year ago and appears to have reached a “plateau,” the number of vehicles out there has hit an all-time, according to IHS Automotive. And in what’s potentially good news for dealers and their certified pre-owned operations, IHS is forecasting strong […] [Read More]

In a trend that was found to be rather consistent across different generations, used-car shoppers visiting CarMax stores have been particularly drawn to the Nissan Altima. According to the inaugural CarMax Used Car Shopping Report, the Altima is test-driven more often than any other vehicle at the company’s stores and is also the top-selling vehicle. […] [Read More]

Last month, the seasonally adjusted annualized rate for used-vehicle sales was the strongest it has been all year, according to Edmunds.com senior analyst Jessica Caldwell, who pinpointed May’s used SAAR at 36.3 million. Calling it a “strong month for used sales,” Caldwell told Auto Remarketing that an ideal financing environment for franchised dealers was among […] [Read More]

Results of the Brand Perception of Quality study orchestrated by ALG showed how Honda and Mercedes-Benz edged out their import competitors to deliver what consumers perceive to be the highest quality vehicles. ALG, the analytics division of TrueCar, indicated that Honda received the highest ratings among mainstream brands, followed by Toyota and Volkswagen. Mercedes-Benz earned […] [Read More]

The percent of people coming in with trade-ins is down from its peak level, says Edmunds.com senior analyst Jessica Caldwell, but this might actually be a good sign. In a conference call to discuss May auto sales, Caldwell said this trend likely points to “people adding to their fleets rather than just replacing.” The average […] [Read More]

These days, certified pre-owned vehicles can command a wide spectrum of premiums, depending on the specific model-year, brand and other factors. That’s according to NADA CPO value data included in the latest NADA Perspective report, which highlighted the mainstream and luxury brands generating the strongest values on their CPO models. NADA gathered data from automakers […] [Read More]

Incentives were on the way up last month, as average transaction prices were reported to have fallen slightly from April. According to TrueCar.com data, the average incentive spending for light vehicles in May was $2,677, up $17 (0.7 percent) from May 2013 and up $91 (3.5 percent) from April. TrueCar estimated the ratio of incentive […] [Read More]

For the second quarter in a row, quarterly repossession for finance companies — lenders that often cater to subprime buyers — jumped by around 70 percent year-over-year. The latest State of the Automotive Finance Market report from Experian Automotive indicated that first-quarter repossessions for finance companies climbed 69.1 percent year-over-year to 3.01 percent of their […] [Read More]

Auto Remarketing is launching a new series called Executive Snapshots in which an automotive executive shares some brief thoughts on how he or she sees the industry, some challenges and solutions and how their company is adapting to these opportunities. In our debut Executive Snapshot feature — which can be found in the June 1 […] [Read More]