We went straight to the orchestrator of the 2021 Cox Automotive Dealership Staffing Study for this episode of the Auto Remarketing Podcast. Cox Automotive senior industry intelligence manager Angela Drake shared additional insight about the study, which was initially distributed on Monday. To hear the conversation, click on the link available below, or visit the Auto Remarketing […] [Read More]

CarGurus discovered consumers are becoming more interested in autonomous vehicles (AVs), but the majority still isn’t ready to take its foot off the gas and hands off the wheel completely On Thursday, site officials released details of the CarGurus Self-Driving Vehicle Sentiment Survey that compiled and analyzed consumer feedback on AV-related topics such as comfort […] [Read More]

While perhaps not as light as their inventory levels nowadays, dealerships appear to be short on personnel, too, especially in the departments that generate the most store revenue. Like many industries, Cox Automotive indicated, the U.S. automotive retail segment is struggling to find enough employees for dealerships to be fully staffed, much less meet their […] [Read More]

The “once-in-a-lifetime environment” for dealerships changing hands doesn’t appear to be dissipating. At least it didn't in the first quarter. Kerrigan Advisors highlighted the dealership buy/sell market once again set records to begin 2021, a result of a unique confluence of market factors that resulted in 66 completed transactions, up 20% quarter-over-quarter. The firm indicated […] [Read More]

While Cox Automotive’s measure of wholesale vehicle values is still at an all-time high, the rate of week-over-week increases has slowed in the first half of June. And values may have reached an apex. That’s according to the mid-month reading of the Manheim Used Vehicle Value Index, which came in at 203.6. That is up […] [Read More]

Used vehicles moved off dealer lots in May four days quicker than they did in January and with price tags that were more than $3,000 higher. That’s according to the latest monthly analysis from iSeeCars.com, which, among other metrics, measures how fast used cars sell, average prices, the specific models that move the quickest and the fastest-selling […] [Read More]

EDITOR'S NOTE: This is a preview excerpt, available only to CMG Premium members, from the July issue of Auto Remarketing, which will provide a “Mid-Year Report” on various segments of the industry. In addition to the piece below on used-car prices, the magazine will also provide updates on the retail sales, finance, repossession/collections and buy-here, pay-here segments […] [Read More]

A little inside baseball for a moment, if you don’t mind. At Cherokee Media Group, we’ve got two reports coming up that essentially serve as mid-year retrospectives, albeit in two different forms. One is the July issue of Auto Remarketing, which will provide a “Mid-Year Report” on the retail, wholesale, finance, repossession/collections and buy-here, pay-here […] [Read More]

If you feel like you’ve aged a bit after the pandemic, you’re not the only one. The vehicle population is getting older, too. [Read More]

Fitch Ratings spotted more ramifications associated with dealerships in connection with the inventory pinch of both new and used vehicles. With rising sales and soft volume at auction and OEM factories, Fitch Ratings said on Monday that accelerated dealer auto inventory turnover has resulted in insufficient collateral available for dealer floorplan (DFP) asset-backed securities (ABS) […] [Read More]