The used-car retail market continues to improve. In fact, TrueCar and its ALG subsidiary are forecasting that September will end up being the fourth straight month of year-over-year gains in used-car sales, capping a quarter with major improvement from the prior one. Specifically, they are calling for 3.8 million used-vehicle sales for the month, which would […] [Read More]

In addition to other tailwinds, two of the drivers for rising new-car sales in the third quarter actually came from the used-car market. Edmunds is predicting 3.85 million new-car sales for Q3, which would beat the second-quarter tally by 30.6%, despite falling 11% year-over year. In a news release, Edmunds executive director of insights Jessica […] [Read More]

Lea Malloy, head of research and development, Cox Automotive Mobility, is the author of a whitepaper on "COVID-19 Recovery: Speed Bump or Accelerant for the EV Market?" In this episode of the Auto Remarketing Podcast, Lea chats with Auto Remarketing's Joe Overby about a wide range of electric vehicle topics, including the remarketing/used-car segment of […] [Read More]

The adoption of innovative technologies is helping to propel dealerships through turbulent times and is fast becoming the new way to do business. From inventory management to virtual-based retailing, dealerships are now effectively tapping into markets that were once untouchable and improving the customer experience like never before.    How does the wholesale vehicle sector […] [Read More]

Used-car prices are up. Consumers have multiple sources to choose from for buying a used car. In that environment, consumers should examine all their options when trying to save money and find the best deal on a used vehicle. To help, car search engine iSeeCars.com conducted a study analyzing more than 8.5 million used-car sales […] [Read More]

The streak of record wholesale vehicle prices looks like it might stop at three months. The latest mid-month reading of the Manheim Used Vehicle Value Index — which reached all-time highs in June, July and August — came in at 162.3.  The index finished August at 163.7. In an analysis accompanying the report, parent company […] [Read More]

The impact of COVID-19 on the electric vehicle market is more like a yellow light than a red light, according to a new whitepaper from Cox Automotive Mobility. Or as the analysis puts it, the hit to EVs will  be, “more of a stallout than a vanishing act.” The company released a whitepaper Monday titled […] [Read More]

Some good news, bad news in the certified pre-owned market. After two months of improving figures, August CPO sales fell 9% year-over-year, according to Cox Automotive’s analysis of Motor Intelligence data. And they have also shown a 9% year-to-date decline through eight months. The year-to-date drop is “(r)eflecting huge decreases in March and April and […] [Read More]

More than 55.7 million recalled vehicles on the road today have not been repaired. That's a 5% increase from 52.7 million in 2019. In 2020, pickup trucks and cars are the vehicles most likely to have unfixed recalls. That information comes from annual CARFAX data, and the company on Tuesday released new recall information that […] [Read More]

This week, Dent Wizard International introduced a version of its popular AlwaysNu vehicle protection, specifically for leased vehicles. As one of the largest providers of automotive reconditioning services and vehicle protection products in North America, Dent Wizard explained that AlwaysNu Lease Protection provides protection during the lease as well as reimbursement for common turn-in charges […] [Read More]