Analysis
Polk: Vehicle Population Hits Record Average Age
Wednesday, Jan. 18, 2012, 06:59 AM
Auto Remarketing Staff
The U.S. vehicle population has reached a record-high age after showing rapid gains in recent years, according to Polk, which said this aging fleet and longer ownership periods present dealership service departments — along with other auto repair and aftermarket businesses — with “significant business growth opportunity.” More specifically, the average age of vehicles currently […] [Read More]
NADA Reiterates Warnings of CAFE-Prompted Vehicle Cost Hikes
Wednesday, Jan. 18, 2012, 06:58 AM
Nick Zulovich
The National Automobile Dealers Association began a parade of public hearings Tuesday as federal officials continue dialogue about proposed fuel economy rules for model year 2017-2025 passenger cars and light-duty trucks. Offering his testimony, New Mexico dealer and NADA committee leader Don Chalmers urged federal agencies to properly consider the rising consumer cost of new […] [Read More]
Domestics Lead Consumer Guide Automotive Honors
Tuesday, Jan. 17, 2012, 03:59 PM
Auto Remarketing Staff
This week, Consumer Guide Automotive revealed the recipients of its 2012 Best Buy and Recommended Awards, showcasing a total of 106 vehicles. Two domestic nameplates led the way with the most models honored as Chevrolet and Ford each had nine award winners. Toyota was right behind with eight lauded units while Honda had seven vehicles […] [Read More]
CNW: Days’ Supply of Used Models Softening Even Further
Tuesday, Jan. 17, 2012, 03:49 PM
Auto Remarketing Staff
CNW Research’s latest used-vehicle supply findings concur with several other assertions from wholesale analysts — it’s not going to be easy for managers to keep their used inventories stocked. Even with trade-ins climbing because of greater new-vehicle sales, CNW revealed on Tuesday that the industry remains at a 45-days’ supply of used vehicles. Highlighting just […] [Read More]
GM Dealers to Give Away Oil Changes to Help Boost Blood Drive
Tuesday, Jan. 17, 2012, 03:46 PM
Auto Remarketing Staff
A pair of Chicago-area General Motors dealerships is hoping to lend a helping hand to a local blood center through a rather unique promotion this weekend. Bill Jacobs Cadillac and Bill Jacobs Joliet (a Chevrolet store) are providing free oil changes to shoppers who stop in Saturday and donate a pint of blood. In addition […] [Read More]
KBB: Used Values Likely to Jump in 1Q & Continue Climbing
Tuesday, Jan. 17, 2012, 03:15 PM
Auto Remarketing Staff
Used-vehicle prices have been rather static to kick off 2012, but don’t expect that to continue. According to Kelley Blue Book, the first quarter will likely see used values jump between 3 percent and 5 percent and then continue to accelerate into the second quarter. What’s more, KBB projects that used prices might even eclipse […] [Read More]
Kain Offers Eight Steps for Dealers to Boost Online Success
Tuesday, Jan. 17, 2012, 06:56 AM
David Kain
A lot of you are hoping that 2012 is going to be an awesome year online and I am pulling for you, but what kind of plan have you developed to make it happen? Read on and I’ll map out eight steps you can do to accelerate your results. One of my favorite quotes is, […] [Read More]
U.S. News Releases 2012 Best Cars for the Money Awards
Monday, Jan. 16, 2012, 08:58 AM
Auto Remarketing Staff
Covering models in 23 different vehicle segments, U.S. News Best Cars recently highlighted its 2012 Best Cars for the Money Awards. Ford took home the most awards with five of its models selected as winners: Taurus, Fusion, Fiesta, Edge and Fusion Hybrid. For 2012, officials determined three brands emerged as winners for the first time: […] [Read More]
KBB: High Gas Prices Likely to Stay, but Automakers More Prepared Than 2008 Hike
Monday, Jan. 16, 2012, 08:57 AM
Auto Remarketing Editor Joe Overby
It appears like the U.S. won’t see any relief at the gas pump any time soon and considering some of the volatile concerns overseas, fuel prices may climb even higher, according to Kelley Blue Book. That said, automakers’ vehicle lineups have never been better-suited for gas-price hikes than they are now, KBB noted. What’s more, […] [Read More]
Cadillac Continues Super Bowl Ticket Donation Program for Duchenne Research
Monday, Jan. 16, 2012, 08:55 AM
Auto Remarketing Staff
Continuing its efforts to help research aimed at quashing this progressive form of muscular dystrophy, Cadillac said Friday it will donate its corporate Super Bowl XLVI to CureDuchenne’s charitable auction. The non-profit is auctioning 19 Super Bowl packages — all donated by Cadillac — online through Jan. 25. Included in each package are two tickets […] [Read More]