Restrictions are lifting and losses are declining, but the post-COVID19 pent-up demand has not yet fully been captured by the auto retail industry. To capitalize on this demand, dealers need to market themselves according to the shopper expectations established as our “new normal.” Luckily, there are a few strategic measures dealers can take to put […] [Read More]

Dealerships specialize in highlighting a vehicle’s features and performance. Store personnel can show off many great components of late-model vehicles — features such as blind-spot monitoring, turbocharged engines for improved fuel economy and power as well as touchscreens that connect to music and other entertainment options. The COVID-19 pandemic also is creating vehicle value that’s […] [Read More]

One of the most interesting and challenging situations in this pandemic era is not just managing remote teams or staggered staff schedules — but how do you stay on top of professional development, compliance and other certifications? It’s hard to believe that six months ago, a manager could hold an in-person staff meeting at their store, […] [Read More]

The used-car market this month may turn out better than expected, according to the latest COVID-19 Auto Market Update from Cox Automotive. In the video report released Tuesday, Cox Automotive chief economist Jonathan Smoke said that, “We do know that inventory is a problem, particularly in the new market, but judging by the activity so […] [Read More]

A big crop of off-lease volumes this summer could spell opportunity for many dealers to offer consumers attractive deals on certain 3-year-old vehicles coming back into the market. Through its research, automotive search engine iSeeCars.com has compiled a list of top 10 deals on off-lease cars, based on which models had the highest 3-year depreciation […] [Read More]

Fisker is going public by way of merging with a special purchase acquisition company. The e-mobility and tech company said Monday it entered an agreement with Spartan Energy Acquisition Corp., an SPAC sponsored by Apollo Global Management affiliate, to merge Spartan and Fisker. Fisker would then be a publicly traded company on the New York […] [Read More]

The week ending July 5 marked the fifth straight that there were at least 100,000 auction sales of vehicles up to 8 years old, according to the latest Used Market Update from J.D. Power. Specifically, the company estimated the weekly auction sales total at 100,000 units, which is down from 110,000 the week before. However, […] [Read More]

After appearing at Used Car Week and in other content produced by Cherokee Media Group, Edmunds senior manager of insights Ivan Drury made his Auto Remarketing Podcast debut to elaborate about the recent analysis his team completed involving used vehicles and financing of those units. Drury also touched on some interesting trends involving trades that […] [Read More]

Auctions are pushing more vehicles through the wholesale system. Dealerships are seeing increases in retail-vehicle sales. Finance companies are building their portfolios, too. Might seem like a pandemic isn’t even impacting daily life, right? While the automotive industry has been a bright spot in recent weeks, an array of business owners, economic experts and policymakers […] [Read More]

In this episode of the Auto Remarketing Podcast, senior editor Joe Overby catches up with PureCars chief executive Jeremy Anspach. They talk about automotive advertising during the pandemic, the various channels advertisers are using, manufacturing shutdowns, the turnaround in used cars and more. To listen to the episode, click on the link available below, or visit the Auto […] [Read More]