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]

A decade of recognizing excellence. This year marks the 10th anniversary of Women in Remarketing, a program that has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference. Year after year, Women in Remarketing simultaneously recognizes excellence among the leaders of the remarketing and used-car business, while […] [Read More]

After an electric company in the Southeast rolled out a strategy to spark more usage of electric vehicles (EVs), a new survey recently commissioned by MINI showed how consumers are zeroing in on how they want to use an EV. The automaker reported on Friday that 63% of survey participants said the best way to […] [Read More]

With average federal tax refunding averaging more than $2,800, Swapalease.com sees the trend being a part of its approval lift seen in March. Approvals for vehicle-lease transfer application on the site came in at 70.7%, which is up from the February rate of 65.9% as well as the reading from last March of 67.3%. Swapalease […] [Read More]

How vehicles move through the wholesale market continues to evolve as evident by the new remarketing partnership announced on Tuesday by Auto Financial Group (AFG) and CarLotz. Through this relationship, AFG highlighted that its clients will have access to a comprehensive remarketing solution that’s designed to simplify their process and place vehicles for sale through […] [Read More]

The last two years have seen drops in the number of vehicles with unfixed recalls on the road, something that Carfax finds to be “great news,” but tempers it with this: significantly more progress needs to be made. There are currently more than 52 million cars with open recalls, compared to 57 million in 2018 […] [Read More]

The segment of the nation’s economic engine fueled by franchised dealerships ran pretty smoothly last year. In fact, employment and payroll at U.S. franchised dealerships continued to rise in 2018, according to the latest report released on Monday by the National Automobile Dealers Association. In 2018, the nation’s 16,753 franchised dealerships employed 1,136,600 workers, up […] [Read More]

In 2019, 70 percent of surveyed truck owners said they would switch brands if their preferred pickup truck brand increased its prices by $10,000. That number is up compared to 64 percent in 2018. That is according to CarGurus’ 2019 Truck Sentiment Survey, which compared pickup truck owner brand sentiment to a similar survey the […] [Read More]