Most Beloved Cars, Why Salespeople Need to Study, Millennial Luxury Tastes, and We Hope Your Insurance Covers Hail!

Most Beloved Cars, Why Salespeople Need to Study, Millennial Luxury Tastes, and We Hope Your Insurance Covers Hail!

In this week’s whirlwind round-up of the most interesting posts in the auto world, we have a list of cars people tend to hold onto for dear life. Then, two interesting studies: one that shows why dealer sales reps need to study up and another on how the millennial generation is getting a taste for luxury cars. Finally, a harrowing look at a recent hailstorm in Colorado that shattered windshields …and no doubt some people’s hopes of getting an insurance…

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The Best FSBO Car Ad Ever, Lowball Trade-Ins Thwart Business, Exotic Car Rental, and Lease Transfers Hold Above 70%

The Best FSBO Car Ad Ever, Lowball Trade-Ins Thwart Business, Exotic Car Rental, and Lease Transfers Hold Above 70%

April showers bring us May flowers, but they also bring a host of fascinating stories from the auto remarketing world. First up: the surprising reason that many people walk away from a car purchase that has nothing to do with the car itself. Next, an exotic car rental service offering people a taste of Ferraris and more expands and adds funding. Also somewhat promising is news from a lease-swapping service that lease transfer approvals remain fairly high, a good sign…

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Car Consignment, Tesla Semi Trucks, Loan Originations Slip, And an 8-Year-Old Drives to McD’s

Car Consignment, Tesla Semi Trucks, Loan Originations Slip, And an 8-Year-Old Drives to McD’s

We hope you had a happy Easter out there in car land, and a joyous Passover, too! As we perused the auto news this week, we found a couple of stories we just couldn’t pass over, ourselves. First up is a novel car sales model that offers vehicles on consignment, letting owners skip Craigslist and trade-ins. Second is some thrilling news for interstate commuters: no more diesel fumes from semi trucks, courtesy of Elon Musk! We also have news of…

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Cars That Last Over 200k mi, CR’s Worst Cars of 2017, Older Used Cars Scarce, and a “Hot” Huracan Auction

Cars That Last Over 200k mi, CR’s Worst Cars of 2017, Older Used Cars Scarce, and a “Hot” Huracan Auction

Greetings, wheelers and dealers! March has come in like a lion and out like a lion, catching us off-guard with a number of serious storms and harrowing incidents like Atlanta’s I-85 collapse. We hope everyone is ok out there! To lighten up the mood, we have some fun but informative looks at the best and worst used cars. In terms of “best,” a study reveals unkillable cars most likely to make it past 200,000 miles. Then, Consumer Reports dishes out…

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Feb. Used Prices Hold, Mobile Auctions Grow, Declutter Your Dealer Site, and a Jeep-sicle

Feb. Used Prices Hold, Mobile Auctions Grow, Declutter Your Dealer Site, and a Jeep-sicle

That chilly blast of weather that just hit the U.S. sets the tone for this week’s news roundup. First, used car prices stay on ice for Feb. 2017, says Cox Automotive. Prices nudged down slightly from last month but up from last year, creating almost no net movement. Cox also says that wholesale auction lots are getting snowed under with inventory, causing them to look to simulcast mobile auctions that help move cars quicker. Then, we have some advice for…

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Consignor Companies Strategize Huge Off-Lease Volumes, Unfixed Recalls a Growing Problem, Hyundai Genesis a Great Value, and Oscar-Worthy Cars

Consignor Companies Strategize Huge Off-Lease Volumes, Unfixed Recalls a Growing Problem, Hyundai Genesis a Great Value, and Oscar-Worthy Cars

Coming off of an Oscar’s night filled with more glamour and confusion than a Karl Lagerfeld birthday party, we have some interesting stories to lead you into the month of March. First off, we have some interesting strategies from cosigners on how to deal with the record-breaking off-lease volume coming down the pipes. Next, a word of warning to dealers doing trade-ins: check to see if recall problems were fixed first. A new report says a growing number aren’t, 34%…

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Direct Online Auto Sales Grow, Subaru Best Cost-to-Own, Reducing Employee Turnover, and a V12 Maybach G-Wagen

Direct Online Auto Sales Grow, Subaru Best Cost-to-Own, Reducing Employee Turnover, and a V12 Maybach G-Wagen

This week’s roundup contains some great information for used car dealers and those in the auto remarketing industry. It also contains some pretty advantageous information if you are in the market for an SUV that costs as much as two houses. First off, we have some great commentary from industry leaders in auto financing. Then, we have the results of KBB’s lowest Cost-to-Own awards, which handed accolades to Subaru and Acura. After that, some great advice on how to reduce…

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NADA Expo Brings New Dealer Tech, Why Car Buyers Love Twitter, and Why You Should Worry Less About Cybersecurity

NADA Expo Brings New Dealer Tech, Why Car Buyers Love Twitter, and Why You Should Worry Less About Cybersecurity

2017 has no doubt gotten off to a rocky start, and while the unpredictability will still continue, we at least have some new tech and ideas to look forward to revealed at the recent NADA Expo. Our first story looks at three of the most promising dealer technologies seen at the conference. Our second story more generally covers the potential of how web marketing efforts can help dealers connect with consumers. According to recent research, over 40 percent of those…

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Meet our Intern: Introducing Julian Aspite of Aspite Auto Auction

Meet our Intern: Introducing Julian Aspite of Aspite Auto Auction

We’d like to introduce you to our newest MyDealerOnline team member, Julian Aspite. Julian is going to be a senior marketing major at West Virginia University and will be assisting the marketing and sales department for the duration of the summer. Certainly a well-rounded and knowledgeable addition to the team, Julian grew up right in the action of the auction at Aspite Auto Auction, currently owned and operated by his dad, Jerry Aspite Jr., and his uncle, Antonio Aspite. Here’s more from…

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Tricks of the Trade for Improving Inventory Acquisition from Auctions

Tricks of the Trade for Improving Inventory Acquisition from Auctions

Auto industry guru, Dale Pollack, recently wrote an article in AutoRemarketing on “four ways to turn auctions cars into advantage” at used-car dealerships. Pollack suggests the following recommendations for dealers to instrumentally source auction cars: Know exactly what to buy Know where to buy Buy at the right price Do it all faster Any professional in the pre-owned industry knows that acquiring profitable, quickly-sold inventory requires a lot of skill and a little bit of luck. Unfortunately, predetermining the exact make, model,…

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