Analysis
Report: Recalls down in 2024, but unrepaired vehicles remain a major issue
Friday, Jan. 3, 2025, 02:29 PM
Auto Remarketing Staff
The number of vehicles recalled in 2024 dropped significantly — but unrepaired recalls still represent a major issue on American roads, according to the latest analysis of National Highway Traffic Safety Administration data from BizzyCar. The recall management platform’s 2024 Recall Report found 27.7 million vehicles were affected by recalls issued last year, a decrease […] [Read More]
COMMENTARY: As the calendar turns, the present is a gift
Thursday, Jan. 2, 2025, 02:17 PM
Robert Grill, CARFAX
Welcome to your next stopping point, now it’s time to reflect. How did the past year finish? Like you planned it? Better? Worse? Will 2024 be one to remember – or one you would rather forget? Either way, it’s time to evaluate what went right and what could have gone better, but most important: Why? […] [Read More]
COMMENTARY: Maintaining a competitive edge with secondary Google business profiles
Thursday, Jan. 2, 2025, 02:08 PM
Matt Murray, Widewail
The amount of competition among automotive dealerships makes it one of the most cutthroat industries in the world. Dealerships aren’t just competing with each other; they’re up against local repair shops, body shops, parts stores and more. With departments for sales, service, parts, detailing, and even bodywork, every part of a dealership faces its own […] [Read More]
Happy holidays from Cherokee Media Group & best wishes for new year
Friday, Dec. 13, 2024, 10:21 AM
Auto Remarketing Staff
The Cherokee Media Group team wishes you a safe and happy holiday season and a joyous new year. Friday’s issue of Auto Remarketing PM will be the final regularly scheduled e-newsletter from our team in 2024 before we take a holiday break. The Auto Remarketing e-newsletters will resume with the Auto Remarketing Canada enewsletter the morning of Jan. 2. […] [Read More]
Navigating the shift: Key insights from the Lotlinx Q3 2024 Automotive Market Report
Wednesday, Dec. 11, 2024, 09:04 AM
Len Short, Lotlinx
As we look back on Q3, the automotive market has revealed key trends that highlight the complexities of inventory management for auto retailers. In Q2, dealers experienced a 10% sales increase for new vehicles despite challenges like the CDK Global cyber incident. However, this surge in sales coincided with rising inventory levels, leading to a […] [Read More]
Gen Z and millennials to small businesses: Get online or get left behind, according to GoDaddy survey
Friday, Dec. 6, 2024, 12:56 PM
Auto Remarketing Staff
If your dealership managers and salespeople are wondering why they cannot attract customers who are Gen Z or millennials, perhaps new data from GoDaddy might explain why. GoDaddy indicated 80% of 1,000 Gen Z and millennial U.S. consumers surveyed in September shared they research small businesses like dealerships online before shopping with them for the […] [Read More]
CARFAX offers maintenance reminders for the holiday travel season
Monday, Dec. 2, 2024, 02:33 PM
Auto Remarketing Staff
It’s that time of year again — time to hit the road. During the holiday season, American cars rack up more miles than Santa’s sleigh. But according to CARFAX estimates, too many of those vehicles are not up to date on their maintenance, with almost 20% of cars on the road behind on oil changes […] [Read More]
Growth not quite as dramatic, but used EV sales continue to accelerate in both wholesale & retail markets
Wednesday, Nov. 27, 2024, 11:39 AM
Joe Overby, Senior Editor
The year-over-year growth isn’t quite as steep as it was in prior months, but used electric vehicles are still flying off dealership lots and auction yards, according to respective analyses from Cox Automotive and the National Auto Auction Association.
In its latest EV Market Monitor, Cox Automotive reported there were ... [Read More]
Lexus still first in CPO, wins 8th straight U.S. News award
Wednesday, Nov. 27, 2024, 09:07 AM
Auto Remarketing Staff
The first certified pre-owned program is still the best. That’s the conclusion of U.S. News & World Report, which named Lexus — the brand that introduced CPO in 1996 — as the Best Certified Pre-Owned Program in its 2025 Best Vehicle Brand and Best Certified Pre-Owned Program awards. The magazine evaluated 38 brands to select […] [Read More]
CARFAX adds month-over-month data to used-car price index; how that plays out in November
Monday, Nov. 25, 2024, 04:00 PM
Auto Remarketing Staff
The degree to which a vehicle’s price changes month-over-month might be more telling, in some cases, than the year-over-year change. Especially if that month follows a U.S. presidential election. With that in mind, CARFAX has added month-over-month insights to its Used Car Index reports, the first major change in these recaps since their April 2023 […] [Read More]
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