Last month was a challenging one for the used-car market, as total sales lagged 1.3 percent behind year-ago figures and fell more than 12 percent from January, according to CNW Research. Overall, there was a combined 2.06 million used vehicles sold in February by franchised dealers, independent dealers and private parties. Franchised dealers sold 729,163 […] [Read More]

The combined entity of National Auto Care Corp. (NAC) and Family First Dealer Services (FFDS), a leading administrator of vehicle service contract and ancillary products and programs including CarMark Certified, announced the appointment of its new vice president of finance. Taking on this role is Ryan Schumacher who will lead many of the financial management […] [Read More]

Don't miss the opportunity to honor the exceptional women of the remarketing industry. The March 7 deadline for nominations for the 2014 Women in Remarketing class is this Friday. Do you work with an exceptional female colleague? Know any leading ladies in the industry? Auto Remarketing is opening up nominations for the 2014 Women in […] [Read More]

Lease penetration for February is speeding away at an all-time clip, according to J.D. Power and Associates, which said at this pace, the month’s leasing rate would beat a record set nearly a decade-and-a-half ago. Interestingly enough, J.D. Power’s analysis of its Power Information Network data also indicated that long-term loans are on track for […] [Read More]

On Friday, NADA Used Car Guide released the first of a two-part series on vehicle value retention. This latest monthly NADA Perspective report tackles retention within passenger car segments and next month’s will look at trucks. So what car segments and individual models maintain their values the best? First, here’s how NADA UCG went about […] [Read More]

Kia Motors America and JM&A Group have renewed their deal for JM&A to be the provider of F&I products for Kia dealers.   The two companies first signed a deal in 2007. The lineup of products JM&A provides to Kia dealers, referred to as Kia Distinction, includes the following: —Vehicle protection plan —Maintenance plan —Road […] [Read More]

It’s not yet clear how extensively financing legislation in recent years will end up impacting the used-car dealer industry, but market research from IBISWorld suggests that during the next five years, used dealers will find some promise in the lease-here, pay-here market. Additionally, there could be more good news in store for the overall used-car […] [Read More]

Amid the increased buzz in the new- and used-car markets that comes with the start of the spring selling season, there are three connected trends at play that are likely to downwardly impact used-car prices, according to AutoTrader.com. Juan Flores, director of operations for the Trade-In Marketplace at AutoTrader.com, said that as the season begins […] [Read More]

Don't miss the opportunity to honor the exceptional women of the remarkeitng industry. The March 7 deadline for nominations for the 2014 Women in Remarketing class is less than two weeks away. Do you work with an exceptional female colleague? Know any leading ladies in the industry? Auto Remarketing is opening up nominations for the […] [Read More]

The wintry weather that has wielded its wrath throughout the U.S. in early 2014 appears to have varying impacts among publicly traded dealer groups. In a conference call with Wall Street analysts this week, Sonic Automotive executives said that the weather will likely have a modest downward impact on earnings, but it’s nothing “catastrophic” and […] [Read More]