Automotive retail is one of the largest sectors of the U.S. economy, and it is in the middle of a rapid transformation. Going forward, the men and women working in the industry will reasonably be described as high-tech workers, and for good reason. It’s becoming a market defined by cutting-edge technological innovation and customer experience. […] [Read More]

For most of my career as a dealer, I’ve been endangered.  I’m essentially a woolly mammoth on the plains: big, slow, and irresistible to spear-tossing cavemen. I should be extinct. And I will be. Any day now.  At least, that’s what you might think if you believed commercials like this one aired that during the Superbowl. […] [Read More]

Sister websites Swapalease.com and Wantalease.com recently shared their latest data connected with users getting approved for contract transfers, as well as how monthly payments are trending. Beginning first with what Swapalease reported, site officials said applicants for lease credit registered an approval rate of 72.9% in March, representing a slight increase from the 70.8% approval mark […] [Read More]

It doesn’t look like the wholesale auto market is getting back to the apex of supply any time soon. In 2020, wholesale volumes fell 1.8 million units from their peak a year earlier, according to a quarterly report from Cox Automotive, which attributed the slowdown to a trio of pandemic-spurred trends: slow retail sales, the […] [Read More]

The 2022 Chevrolet Bolt EUV is a redesign of the Chevrolet Bolt that brought with it a compelling compact crossover variant. “It’s mechanically the same as the updated Bolt EV electric car but it has a more rugged, SUV-like appearance and more back seat space, making it a little more family-friendly,” Autotrader wrote about the […] [Read More]

Almost a year ago, Lotpop founder Jasen Rice said in an episode of the Auto Remarketing Podcast that the certified pre-owned segment could emerge as the post-pandemic “winner” in automotive. While COVID-19 is certainly not over, there is a light at the end of the tunnel. And Rice’s CPO prediction appears to be ringing true, […] [Read More]

Seven sports cars and luxury sport sedans make iSeeCars’ list of the fastest-selling used vehicles for March. The pandemic played a role in the sales success for those vehicles. “High-performance vehicles have been popular during the pandemic to combat boredom and bring joy,” iSeeCars executive analyst Karl Brauer said in a news release. Those seven […] [Read More]

When it comes to electric and hybrid vehicles, consumers are more open to considering new vehicles than they are to considering used versions of those cars. But don’t sleep on the pre-owned segment of alternative-fuel vehicles. As part of the 2021 Electric Vehicle Sentiment Survey from CarGurus, consumers were asked, “Which ways of acquiring an […] [Read More]

It’s one thing for wholesale vehicle prices to “bounce” this time of year. But what happened last month was a “leap,” says Cox Automotive chief economist Jonathan Smoke. After increasing 26.2% year-over-year, the Manheim Used Vehicle Value Index reached an all-time high of 179.2, according to a news release from Cox Automotive. The month-over-month gain […] [Read More]

Experian reported that 2020 closed with used vehicles representing 8.30% of the total lease market. That’s down a bit from the previous year, as 2019 finished with used models constituting 9.01% of the leasing space. Swapalease.com is looking to give the used-vehicle leasing space a jolt with the newest offering the site launched on Monday. […] [Read More]