With Wednesday marking the close of the third quarter, the newest wave of data, as well as business and consumer surveys to surface this week, reinforced the economic focal point of 2020 — jobs. For individuals who remain gainfully employed and firms that either retained or rehired their workers, their current state and future outlook are […] [Read More]

Less than half of car dealers were providing home-delivery of vehicle purchases when the COVID-19 pandemic began in March, according to CARS Dealer Community data from the group that includes Cars.com, DealerRater and Dealer Inspire.   However, 66% of dealers were offering such services by August, the data shows. About a fifth of recent buyers have used […] [Read More]

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]