For the fourth consecutive year, Lexus has won the best certified pre-owned program award from U.S. News & World Report. Lexus won that category in the Best Vehicle Brand awards and Best Certified Pre-Owned Program award from U.S. News & World Report, which said it awarded Lexus the honor based on its lengthy warranty coverage, […] [Read More]

The live sessions at Used Car Week, which began Monday with the concurrent Auto Fin Con and NAF Association events, continue Wednesday with a full slate of great presentations and panels. The virtual expo hall opens at 11 a.m. (ET), and the day gets rolling in earnest at noon with opening comments from Cherokee Media […] [Read More]

Buick ranked as the top mainstream brand and Jaguar won in the premium brand category as future vehicle value forecaster ALG named the winners of the 2021 Pre-Owned Value Awards, or POVAs. ALG, which is the analytics subsidiary of TrueCar Inc., awarded its 2021 POVAs to vehicles with the lowest forecast depreciation from two to […] [Read More]

Not only were certified pre-owned vehicle sales up 1% year-over-year in October, they snapped a three-month streak of month-over-month declines. That’s according to a Cox Automotive analysis of Motor Intelligence data, which indicated there were 233,514 CPO sales in October. That beats September figures by 4%. And the CPO market has now shown year-over-year gains […] [Read More]

Used Car Week, which is an all-digital event this year, begins Monday.  As the event gets rolling with the Auto Fin Con and the NAF Association’s Annual Non-Prime Auto Financing Conference (which will run concurrently), here are some important reminders: The entire conference will run online here: https://usedcarweek.biz/   Used Car Week … is actually more like […] [Read More]

In this episode of the Auto Remarketing Podcast, we catch up with Alejandro Cabrera and Mauricio Cuevas, co-founders of Uproar.car, a tech startup aiming to disintermediate the auto warranty market through online subscriptions. The business partners, who met while working at Microsoft, explain how the service works, the growth of digital solutions in the ancillary […] [Read More]

Karl Brauer says the average new vehicle loses almost half of its value after five years. But some vehicles retain more of their value and depreciate less than average, said Brauer, who is executive analyst for car search engine company, iSeeCars.com. To identify models with the lowest and highest loss in value after five years, […] [Read More]

Although demand for new and used vehicles remained hot through the summer months, the deep-rooted effects of COVID-19 continue to have profit-eroding implications on many auto dealers who have been forced to acquire used inventory at bloated prices at auction. Manufacturer delays and reduced inventory have all but decimated dealers’ ability to maintain new-car sales […] [Read More]

Whether they are talking automotive or otherwise, this surely is a question many people are asking: What is going to happen in 2021?  A presentation at Used Car Week, which begins Monday, aims at answering that question — at least when it comes to new- and used-vehicle sales.  Used Car Week kicks off  with Auto Fin Con and […] [Read More]

Used Car Week begins in less than a week. And yes, being that it is a digital event this year, it will look different — much like any conference or event, automotive or otherwise, in this topsy-turvy 2020. But the mission of Used Car Week — that of uniting the industry and providing insights/analysis, networking opportunities […] [Read More]