Analysis
10 used vehicles with fastest turn rates during pandemic
Tuesday, Aug. 4, 2020, 08:30 PM
Auto Remarketing Staff
These days, used cars take more than 37% longer to sell than they did in the four months leading up to COVID-19 pandemic, but some models — including three from Tesla — are bucking that trend, according to research from iSeeCars. For this study, the company analyzed more than 9 million new- and used-car transactions from […] [Read More]
Mike Albert now offers vehicle subscriptions near Cincinnati
Tuesday, Aug. 4, 2020, 03:20 PM
Auto Remarketing Staff
Mike Albert entered the vehicle-subscription business on Tuesday. The company with roots in the fleet and rental spaces for more than 60 years announced that it now offers a monthly subscription vehicle service to customers living within a 75-mile radius of its flagship location in Evendale, Ohio, which is northeast of Cincinnati. Mike Albert explained […] [Read More]
Supply factors impacting used-car demand
Monday, Aug. 3, 2020, 04:40 PM
Joe Overby, Senior Editor
Lower new-car inventory levels may have some consumers turning to the used-car market. That bears out in a couple of analyses released in recent weeks. According to Dealer Inspire internal data shared by parent company Cars.com, the used-car search share climbed 4.5 percentage points from March 23 to June 23, while new-car search share was […] [Read More]
Consumer confidence slides as Fed tries to keep liquidity fully available
Wednesday, Jul. 29, 2020, 06:55 PM
Nick Zulovich, Staff Writer
It’s a good thing that dealerships and finance companies are known as a resilient bunch, because the COVID-19-clouded atmosphere they’re facing to retail vehicles and keep customers current on their contracts doesn’t appear to be improving quickly, no matter how much liquidity the Federal Reserve makes available. And that atmosphere has Congressional squabbling fog in […] [Read More]
Slight gains in average vehicle age, total population
Tuesday, Jul. 28, 2020, 09:03 PM
Auto Remarketing Staff
Like many of us, cars are also getting older these days, too. According to IHS Markit, the average age of a car on the road is roughly one month higher than the 2019 average, coming in at 11.9 years. There are a few factors at play pushing this slight rise in age, but the company […] [Read More]
PODCAST: Reflecting on captives’ moves to generate growth during pandemic
Tuesday, Jul. 28, 2020, 04:40 PM
Auto Remarketing Staff
Experian senior director of automotive financial solutions Melinda Zabritski returned for another episode of the Auto Remarketing Podcast. This time, Zabritski discussed how the moves made by captive finance companies to generate activity during the coronavirus pandemic impacted other segments such as leasing as well as used vehicles. To listen to this episode, click on the […] [Read More]
Early look at July’s used-car sales figures
Monday, Jul. 27, 2020, 09:06 PM
Auto Remarketing Staff
Used-car sales this month are likely to be down slightly from June, but beat-year ago figures by 9%. That’s according to the latest forecast from ALG, a subsidiary of TrueCar. Specifically, ALG is forecasting 3,759,781 pre-owned sales for July, which would be 1% softer than June but a 9% year-over-year-hike. Not to mention, according to […] [Read More]
Used-car retail: Signs are a bit mixed right now
Wednesday, Jul. 22, 2020, 08:49 PM
Joe Overby, Senior Editor
Quite often in reporting the weekly ebb-and-flow of the retail used-car market, you can get some mixed results. Such is the case this week. The overall auto rebound “lost momentum” the week ending Saturday, Cox Automotive chief economist Jonathan Smoke said in his weekly video report released Tuesday. Still, used-car demand remains strong — certainly higher […] [Read More]
Experts cautious over potential turbulent sales environment ahead
Wednesday, Jul. 22, 2020, 07:48 PM
Nick Zulovich, Staff Writer
A little more than a week remains for your dealership to meet its monthly sales targets or your finance company to push toward portfolio growth objectives for July. Currently, deliveries are being completed and contracts are being bought at decent clips, especially considering how much the coronavirus pandemic has thrown grit into the industry gears […] [Read More]
PODCAST: Deloitte’s Joe Vitale on ‘Restarting the Stalled Automotive Sector’
Wednesday, Jul. 22, 2020, 06:13 PM
Auto Remarketing Staff
In this episode of the Auto Remarketing Podcast, Joe Vitale, who is principal and global automotive sector leader at Deloitte Consulting, joins the show to talk with Auto Remarketing senior editor Joe Overby about Deloitte's report on "Restarting the Stalled Automotive Sector." For a recap of the full report, be sure to check out this story from Nick […] [Read More]
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