With close to an additional half-million lease returns expected to flow into the market this year, dealers likely will have a healthier dose of used vehicles on their lots, say analysts with Edmunds.com, who believe that the average price of a used car should drop by hundreds of dollars. [Read More]

As the holidays wrap up and dealers and industry experts alike turn to face the new year, 2013 kicks off with the inaugural Canadian Automobile Dealers Association’s annual summit. The 2013 summit offers a variety of industry-leading speakers and panelists and is scheduled for Feb. 13 at the Hilton Toronto. “Join us for an in-depth […] [Read More]

It was the best used-vehicle market in five years, according to CNW Research, which said Wednesday afternoon that 2012 full-year used sales reached 40.5 million units. This marked a 4.5-percent year-over-year gain and was the market’s strongest yearly sum since 2007. Franchised dealers commanded close to 37 percent of the used-car market, CNW said, with […] [Read More]

A new year has begun, and predictions for a prosperous year for the country's new- and used-car markets are pouring in. Factors such as increases in available trade-ins and high demand are expected to boost used sales, while numerous redesigns may ramp up the new market. According to a study released from Indian firm Ken […] [Read More]

Kelley Blue Book recently shared the top 25 most-researched used and new vehicles on KBB.com from December, and once again sweeping the charts was the Honda Accord. Looking at the used-car rankings in more detail, the Honda Civic followed in the No. 2 spot, with the Toyota Camry, Ford F-150 and Toyota Corolla rounding out […] [Read More]

As 2012 wrapped up, used prices continued their downward spiral — perhaps welcome news to buyers looking for a new pre-owned ride in the new year. An entry in Cars.com’s "Kicking Tires" blog indicates that late-model used-car prices declines for the sixth straight month in December. Specifically, prices dropped an average of $115 from Nov. […] [Read More]

Avis Budget Group said Wednesday morning that it will buy the car-sharing network Zipcar for roughly $500 million in cash. The deal is expected to be finished by spring, but it first must gain approval by Zipcar shareholders and meet other customary closing conditions. Both companies’ respective boards of directors unanimously approved the deal. Additionally, […] [Read More]

Auto Remarketing and Cherokee Automotive Group would like to wish all our readers a healthy holiday season and a happy New Year.   This issue of Auto Remarketing Today will be the final edition of 2012 before we take a holiday break. Thank you for your interest and support this year, and we look forward […] [Read More]

November was a big month for the U.S., with the Northeast recovering from Hurricane Sandy and President Barack Obama being elected for a second term. And although there is still uncertainty for the future, the economy continues to move upward — right along with used-car prices, according to data from RVI Group. In the company’s […] [Read More]

Westlake Financial Services announced a major update to the DealerCenter website, which is operated by Nowcom Corp., Westlake's sister company under the Hankey Investment Group umbrella. DealerCenter is the business portal that houses Westlake's proprietary Buy Program software as part of a full-fledged online DMS solution. [Read More]