With the month’s end in sight, experts from Cox Automotive, J.D. Power and TrueCar shared their expectations for August used-vehicle and new-model sales as well as how wholesale prices and residual values are trending. Beginning first with TrueCar’s used-vehicle sales forecast, analysts project dealers retailing 3.7 million units in August. While that’s roughly the same […] [Read More]

Prior to the COVID-19 pandemic’s effects on the automotive industry, electric vehicles (EV) were increasingly grabbing headlines even though the sales of these vehicles were miniscule compared with gas-powered cars and trucks. In fact, the combined annual sales of battery electric vehicles and plug-in hybrid electric vehicles tipped over the two-million-vehicle mark for the first […] [Read More]

“Your mom is a used-car salesman.” No, that’s not meant to be a lunchroom jab from your grade-school days. Quite the opposite, in fact. It’s actually just one example of the messaging from CarLotz’s first major brand campaign, which aims to debunk pre-conceived notions about pre-owned and emphasize that “it feels good to be a used-car […] [Read More]

At least seven companies that operate within the used-vehicle industry have been included among the Inc. 5000; the prestigious annual ranking of the nation’s fastest-growing private companies. Two of the highlighted firms provide vehicle transportation services as the listing included ACERTUS and Montway Auto Transport. Not only have the companies on the 2021 Inc. 5000 […] [Read More]

As if dealerships didn’t have enough headwinds just in contending with tight inventory and high prices, Cox Automotive chief economist Jonathan Smoke spotted a development he said hasn’t been seen in three decades. What prompted Smoke to make the assertion on Monday was what surfaced on Friday as the University of Michigan said, “Consumers reported […] [Read More]

In this special sponsored episode of the Auto Remarketing Podcast, two experts from Black Book share their perspectives and expectations for both the wholesale and retail markets. Senior vice president of business development Rene Abdalah and senior vice president of data science and analytics Alex Yurchenko also detail the latest Black Book insights on how […] [Read More]

You don’t even have to hit the “gas,” per se, for these used vehicles to move quickly. The latest report from iSeeCars.com shows that the three fastest-selling used vehicles in July were all electrics. Topping the list and taking an average of just 15.7 days to sell last month was the Tesla Model 3, followed […] [Read More]

With dealer inventories tight, it’s getting more challenging for consumers to find the vehicle they want. Swapalease.com shared its second quarter Auto Lease Trends Report on Tuesday, illustrating how the situation is unfolding in that industry segment. Among the key trends Swapalease.com identified in its second-quarter lease data, analysts highlighted: • Tesla searches are up […] [Read More]

Since the early stages of my career, I have strongly disliked being called or thought of as a “female leader.” Those two words used together reminded me that the word “leader” was still thought of as implicitly male. Instead, I prefer to be thought of as a “great leader,” or just a “leader.” As a […] [Read More]

Look for used-car sales this month remain steady with June numbers, but fall 4% from July 2020. That’s according to the latest forecast from TrueCar, which projects 3.7 million used sales for July.    TrueCar is expecting 1.29 million new-vehicle sales this month, which would … [Read More]