Despite the high average sale price of a late-model used Tesla Model S at $68,159, those vehicles sell faster than similar large luxury cars, with an average selling time of 35.5 days, according to a study from automotive research firm and car search engine, iSeeCars.com At the same time, however, among its comparable vehicles, the Model […] [Read More]

Wantalease.com noticed Ford reversed many of the “generous discounts” on vehicle leases the Blue Oval offered in March by increasing monthly payments in April. According to analysis shared on Wednesday, site officials noticed the Ford Fusion, Taurus, Escape, Explorer and Expedition all experienced price hikes this month. Wantalease reported the Fusion had the highest increase at […] [Read More]

More than half of all people in a recent survey in the northeast United States are considering an electric car when shopping for a new vehicle. But the survey shows that number increases to 63 percent when considering only millennials. When considering Baby Boomers alone, the number falls to 38 percent. That is just one […] [Read More]

While brand loyalty isn’t expected to be strong in the electric vehicle market, Tesla is bucking that trend. And on the autonomous vehicle front, Tesla was found to be the “most trusted name” to launch a product in that space, though some concerns are rising. As the auto industry continues to gauge and respond to the […] [Read More]

At NADA Show 2019 in San Francisco earlier this year, Dave Bates and Kasi Edwards of Reynolds and Reynolds talk about the dealer focus on increasing profit per customer, dealership employee productivity and efficiency, the impact of digitization on suspicious activity monitoring and more. Plus, the Reynolds execs share where they see dealers innovating. The […] [Read More]

The Auto Intel Council — a private, membership-based organization owned and managed by Cherokee Media Group — produced quarterly Auto Intel Briefings that feature data reports, whitepapers, research and more, contributed by AIC members. These Auto Intel Briefings provide the industry and its stakeholders unique insights and perspectives on various topics driving the automotive business The […] [Read More]

Over the last decade, Auto Remarketing has celebrated the leadership of accomplished Women in Remarketing. Leaders in their companies, these women’s dedication to the auto industry and their purposeful strides have blazed career paths for other women — and men — to follow. As Auto Remarketing celebrates the 10th anniversary of Women in Remarketing this […] [Read More]

NOTE: Updated to include March and first-quarter certified pre-owned vehicle sales figures.  Two years ago, 59% of vehicle shoppers were focused on used cars. According to the 2019 Cox Automotive Car Buyer Journey study, that number is now 64% — and the struggle around new-vehicle affordability is a major reason why. The numbers reflecting used-leaning shoppers […] [Read More]

Nearly 170 honorees. General managers, corporate vice presidents, directors, chairpersons, chief executive officers, founders — representing auctions, consignors, dealers, dealer groups, financial institutions, technology companies, industry vendors, trade associations and beyond. A decade, and counting, of recognizing excellence.  Cherokee Media Group’s Women in Remarketing program is celebrating its 10th anniversary this year —  the culmination […] [Read More]

New electric vehicle registrations during 2018 more than doubled year-over-year from slightly more than 100,000 to 208,000, according to business intelligence company IHS Markit. EV market share has also seen a strong gain during that period, the company said. Along with those gains, the loyalty rates of EV buyers has also continued to grow. IHS […] [Read More]