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Work Truck Solutions: Q2 used sales rise as average price for new models sets new record
Wednesday, Jul. 24, 2024, 02:22 PM
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Edmunds on Tesla trades & other parts of current EV market
Tuesday, Jul. 23, 2024, 02:34 PM
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EVs & millennials: More mature than you might think
Tuesday, Jul. 23, 2024, 08:00 AM
Analysis
A first for Manheim: EV is No. 1 seller at auction for the month
Monday, Jul. 15, 2024, 04:32 PM
Joe Overby, Senior Editor
For the first time ever, an electric vehicle was the month’s best-selling vehicle at Manheim. Another first: two EVs cracked the auction’s list of five best-sellers in a month. That’s what happened in June, when the 2023 Tesla Model 3 ranked as the No. 1 seller for the auction company and the 2023 Chevrolet Bolt […] [Read More]
PODCAST: Megan Mahon Finds Her ‘Fight Song’
Friday, Jul. 12, 2024, 02:09 PM
Auto Remarketing Staff
Next up on our series of Auto Remarketing Podcast episodes from the Canada’s Used Car Week Podcast Stage is a conversation with Megan Mahon, head of sales enablement at Premier Truck Rental. Mahon talks with Cherokee Media Group senior editor Joe Overby about her session “Find Your Fight Song,” which shows how music can help […] [Read More]
COMMENTARY: If things go bad, what’s your backup plan?
Thursday, Jul. 11, 2024, 09:54 AM
Robert Grill, CARFAX
Wait, did I say if? I meant when! In this business, something will always eventually go wrong. Whether it’s because of outside forces or it’s self-inflicted, it’s only a matter of time before something disrupts how we operate. You can’t rely on things running smoothly all the time. It simply doesn’t work that way. You […] [Read More]
Used-car sales for dealers climb year-over-year in June
Wednesday, Jul. 10, 2024, 01:10 PM
Auto Remarketing Staff
The used-car retail sales environment last month didn’t improve from May, but showed year-over-year growth in June, according to reports from industry observers. According to the latest “State of the Dealer” report from ZeroSum, dealers moved 1.29 million used vehicles in June, which was steady with May, but up from 1.14 million in June 2023. […] [Read More]
Wholesale vehicle price indices reach 39-month lows, but erosion potentially plateaus
Tuesday, Jul. 9, 2024, 03:49 PM
Joe Overby, Senior Editor
The respective Black Book and Cox Automotive used-vehicle value indices both reached their lowest levels since March 2021, but the erosion in wholesale prices could be on its way out, according to analysis accompanying one of the reports. Cox’s Manheim Used Vehicle Value Index came in at 196.1 last month, down 8.9% year-over-year and 0.6% […] [Read More]
Cox midyear review: Consumers’ waiting game slows growth of auto market
Tuesday, Jul. 9, 2024, 11:35 AM
Andrew Friedlander, Associate Editor
The theme of Cox Automotive’s 2024 midyear review is… wait for it …
No, I mean, that’s the theme: Wait for it.
Uncertainty is the name of the game right now in the automotive market, according to chief economist Jonathan Smoke and Cox’s team of analysts, as consumers wait for any number of things — including ... [Read More]
NICB & NHTSA give 5 tips as part of National Vehicle Theft Prevention Month
Monday, Jul. 8, 2024, 02:15 PM
Auto Remarketing Staff
The National Insurance Crime Bureau (NICB) and the National Highway Traffic Safety Administration (NHTSA) are intensifying their respective work this month. NICB and NHTSA are raising awareness during National Vehicle Theft Prevention Month to promote education to encourage collaboration between law enforcement and vehicle owners. Earlier this year, NICB released a vehicle theft trend analysis, […] [Read More]
Recalls down in Q2, but 2024 total rises past 14 million vehicles affected
Tuesday, Jul. 2, 2024, 03:18 PM
Auto Remarketing Staff
While automotive recalls in the second quarter of 2024 declined significantly from Q1, the total number of recalled vehicles for the year has soared past 14 million, according to the latest quarterly recall report from recall management platform BizzyCar. The report, which analyzed data from the National Highway Traffic Safety Administration and U.S. Department of […] [Read More]
Edmunds: ‘Times are tough for Tesla’
Tuesday, Jul. 2, 2024, 02:24 PM
Auto Remarketing Staff
Tesla is beginning to experience what older automakers have seen happening for decades. It’s the phenomenon when the price point for a used model is quite attractive to a buyer versus a similarly equipped new one. Let’s get into the numbers shared by Tesla as well as Cox Automotive and Edmunds. Tesla reported on Tuesday […] [Read More]
A boon for road-trip season: Family-friendly rides show largest used-vehicle price declines
Monday, Jul. 1, 2024, 04:40 PM
Auto Remarketing Staff
If a shopper who arrives at your dealership is on the hunt for an inexpensive used vehicle that can seat the whole family, here’s a selling point: Now might be the time to buy. The CARFAX Used Car Index released last week shows family haulers like vans/minivans, pickup trucks and SUVs showed the largest month-over-month […] [Read More]