The expansion of digital retailing and how rising new-vehicle prices coupled with an ample supply of off-lease vehicles could tip the scale in favor of used-vehicles over new, are some major trends that will keep the retail industry on its toes in 2020. That’s according to dealers and industry experts who attended Used Car Week, […] [Read More]

While still currently an estimate, it appears that the used-vehicle market eclipsed 40.4 million sales in 2019, according to Edmunds, whose projected pre-owned tally would be up from 40.2 million used-car sales in 2018. Specifically, Edmunds estimates that there were 40,415,175 used sales last year, continuing a long line of annual gains in the used-car market. […] [Read More]

In the wake of the U.S. House of Representatives passing the United States-Mexico-Canada Agreement, or USMCA, this past December, AI company LevaData revisited some of the findings of its survey from last January showing that 78% of automotive executives foresee a positive long-term impact of the agreement. As the saying goes, however, no pain, no […] [Read More]

The vehicle affordability factor: Think of it in terms of a great big elephant. KAR Global chief economist Tom Kontos says that in purchasing a vehicle, people can consider various moving parts, such as lowering their monthly payment or putting more money down, “to try to make that elephant … something you can consume.” “I […] [Read More]

New-car prices are at all-time highs. Auto industry digital marketplace Cars.com expects that to continue. We are in an affordability crisis, the company says. Because of that, Cars.com expects more consumers to consider leasing, and the company predicts continued growth for certified pre-owned car sales. That is one of the “Top 5 Trends That Will […] [Read More]

Gayle Rogers, chief marketing officer and director of digital marketing at Strong Automotive Merchandising, joins the Auto Remarketing Podcast.  In this episode, he talks with senior editor Joe Overby about how digitization has impacted automotive advertising, the benefits of call tracking, YouTube usage among car dealers and more. To listen to this episode, click on the […] [Read More]

The entire team at Cherokee Media Group wishes you a safe and happy holiday season and a joyous new year. This issue of Auto Remarketing Today PM will be the final regularly scheduled e-newsletter from our team in 2019 before we take a holiday break. We thank you for your interest, support, readership and feedback this year. The Auto Remarketing e-newsletters will […] [Read More]

iSeeCars says the Toyota 4Runner is a mainstay on its iSeeCars longest-lasting vehicles list, and the search engine company says the 4Runner is the midsize SUV with the best value retention after five years of ownership.  And Toyota overall does well in iSeeCars’ list of best used cars for 2020. The manufacturer placed four vehicles […] [Read More]

Overall used-vehicle transaction prices have never been higher than they were last quarter, according to Edmunds’ latest Used Vehicle Report released Thursday. But interestingly enough, the gap between the average prices of 3-year-old vehicles and new vehicles reached a third-quarter high. At play is an influx of off-lease vehicles returning to market, more than half […] [Read More]

You buy a car after being told there had not been any smoking in the vehicle. You bring the car home, and then a day later … sniff, there it is. That, in a nutshell, was the experience that helped prompt NuVinAir chief executive officer and founder Kyle Bailey to start the company that provides […] [Read More]