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Analysis
Used-vehicle sales likely to reach near 3.4M units in August
Wednesday, Aug. 28, 2019, 05:34 PM
Joe Overby, Senior Editor
Based on a pair of projections released by industry observers on Wednesday, August used-vehicle sales should reach somewhere in the neighborhood of 3.4 million units. At TrueCar’s ALG business unit, analysts are projecting 3.35 million used-car sales this month, which would be a 0.2% decrease from August 2018. It would be steady with July, ALG said. […] [Read More]
Overbearing tech alerts could threaten adoption of fully automated vehicles
Tuesday, Aug. 27, 2019, 07:25 PM
Auto Remarketing Staff
Kristin Kolodge says alerts from vehicle technology such as lane-keeping and centering systems should not come across as a “nagging parent.” “No one wants to be constantly told they aren’t driving correctly,” said Kolodge, who is executive director of driver interaction and human machine interface research at J.D. Power. “Automakers are spending lots of money […] [Read More]
ANALYSIS: As take rates rise, ADS features positively affect used-car valuations
Monday, Aug. 26, 2019, 05:52 PM
Ben Bartosch, J.D. Power
Vehicle take rates of automated driving features are steadily rising as consumers purchase new vehicles, with the secondary market recognizing the added value placed on these attributes reflected in resale pricing. While we are still in the early days of understanding how quickly the industry will move through the NHTSA’s Automated Driving System (ADS) taxonomy, […] [Read More]
Kontos on how CPO helped retail & wholesale markets in July
Friday, Aug. 23, 2019, 03:25 PM
Auto Remarketing Staff
Certified pre-owned vehicle sales continue to be a bright spot for franchised dealerships this year, and KAR Auction Services chief economist Tom Kontos explained how those vehicles that become CPO units helped consignors and the wholesale market in July, too. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model […] [Read More]
New milestone for auto recall search tool
Thursday, Aug. 22, 2019, 07:51 PM
Auto Remarketing Staff
A search tool geared toward increasing consumer awareness of auto recalls has reached a milestone: One hundred million vehicles have now been processed through the tool. Carfax, the Alliance of Automobile Manufacturers and the Association of Global Automakers jointly developed the Vehicle Recall Search Service, which launched in March 2018. Those groups say approved commercial […] [Read More]
These vehicles are tops for pets … and their owners
Thursday, Aug. 22, 2019, 06:48 PM
Auto Remarketing Staff
Lots of people like vehicles such as the Chrysler Pacifica, Honda Fit and Jeep Wrangler. According to Autotrader, pets and pet owners like those vehicles, as well. Autotrader says those and other vehicles on its Best Cars for Dog Lovers list this year are safe and comfortable for those pets and their owners. Celebrating National Dog […] [Read More]
Residual value award vehicle winners offer ‘unmistakable benefits’
Wednesday, Aug. 21, 2019, 06:39 PM
Auto Remarketing Staff
J.D. Power says that when a vehicle retains a strong resale value, it also typically has higher residual values, and the company said in a news release that those vehicles “offer unmistakable benefits to automakers and consumers alike.” In the 2019 J.D. Power Resale Value Awards, which were presented to automakers on Wednesday, the GMC Sierra […] [Read More]
Crossover leasing might be at tipping point
Wednesday, Aug. 21, 2019, 04:54 PM
Auto Remarketing Staff
The Q2 Lease Trends Report from Swapalease.com showed that the appeal of crossovers might be at a tipping point. A year ago, Swapalease.com indicated roughly 7.4% of drivers polled said they would shop for a crossover if they needed to go out and lease a vehicle that day. A year later, the site discovered that […] [Read More]
Some positive signs, but EVs still face roadblocks to success
Tuesday, Aug. 20, 2019, 06:48 PM
Auto Remarketing Staff
More electric vehicles are available today than ever before, said Chase Disher, an analyst at Autolist. “But that hasn’t done much to change consumers’ perceptions of them,” Disher said in a news release. “The misconceptions that electrics faced at the beginning of this decade are still a major impediment to their success right now.” According […] [Read More]
Used EV market ‘relatively non-existent’ so far, but change could be near
Friday, Aug. 16, 2019, 06:50 PM
Daryl Lubinsky, Correspondent
A Cox Automotive conference call discussing the latest phase of its study titled, “Evolution of Mobility: The Path to Electric Vehicle Adoption,” highlighted results from a Cox Automotive survey of consumers and dealers. One of those findings: Consumers believe EVs are coming, but that hasn’t increased their interest in buying one. The session discussed additional […] [Read More]
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