Online marketplace Shift, which last month announced a series D fundraising round led by Lithia Motors as well as a partnership with the dealer group, has quadrupled its floorplan capacity thanks to a new credit line for buying used cars. And with this news also comes more good news for Shift: Lithia has acquired more […] [Read More]

Federal officials said Hurricane Michael made landfall near Mexico Beach, Fla., on Wednesday afternoon as a Category 4 storm with maximum sustained winds surpassing 150 mph. The second major hurricane to strike the Southeast during the past month prompted Cox Automotive experts again to project how many more vehicles will be lost because of intense wind […] [Read More]

Perhaps not surprising to dealership managers and salespeople, consumers are walking into showrooms ready for conflict. Over what? It's the retail price of that vehicle that might already be jeopardy of generating little margin — or worse — a potential net loss while also creating an anchor on the store floorplan. More details from the […] [Read More]

After five years of ownership, the average vehicle is worth about half of what its value was as a new car. But for one clear leader in the clubhouse, you can nearly cut that depreciation in two. According to an analysis from iSeeCars.com, the four-door Jeep Wrangler Unlimited loses 27.3 percent of its value in […] [Read More]

As interest rates make the parameters for financing a new vehicle less appealing, Autotrader spotted eight financing campaigns for certified pre-owned vehicles that makes these models potentially even more appealing. “Fall is typically a buyer’s market for auto sales,” said Brian Moody, executive editor for Autotrader. “Dealers are looking to move both new and used […] [Read More]

Here’s another version of the Top 30. RAVE Reviews, a site that publishes entertaining rankings based on advanced data-driven analysis, has published its ranking of the best used vehicles. The ranking covers a variety of vehicle categories, including SUVs, trucks, sedans and vans The methodology for the ranking was based on an analysis of consumer […] [Read More]

It was a weird summer. That is, in terms of vehicle demand and prices. Stemming from concern over potential tariffs on vehicles and car parts that pulled demand forward, Cox Automotive chief economist Jonathan Smoke said in a conference call with reporters this week that June, July and August were the best months so far this […] [Read More]

F&I Express now will operate as a wholly owned subsidiary of Cox Automotive after this announcement became public. Brian Reed, chief executive officer and co-founder of F&I Express, joined Nick for this episode of the Auto Remarketing Podcast to discuss how the acquisition came together and what it means for dealers and service providers. The […] [Read More]

American International Automobile Dealers Association president and chief executive officer Cody Lusk likely summarized reaction to questions perhaps being answered with Monday’s trade announcement originating at the White House. “Uncertainty is the enemy of business, large and small,” said Lusk, who welcomed the news that the United States, Canada and Mexico have all agreed to […] [Read More]

Cruises are not my favorite form of vacation, but when it involves a partial family reunion (with some of the aged members finding this the most comfortable mode of travel), I’m all in. So out to sea we went for a week.    Being cheap (and wanting to run an experiment of a sort), I […] [Read More]