Two new reports are challenging consumer perceptions — and doubts — about electric vehicles. J.D. Power’s latest E-Vision Intelligence Report and a new survey by CarGurus addressed consumer concerns about EV charging and range issues and found the perceptions don’t always match reality. The CarGurus survey asked 1,050 car shoppers about three common perceptions — […] [Read More]

Used-car sales have surged since the end of 2023 thanks to trends that offer long-term opportunities for dealers, according to a new eBook from marketing and data software firm ZeroSum. The report, “Driving Profits: The Importance of Data-Driven Decisions in the Used Car Market,” showed used-car movement is up 16.6% from the end of last […] [Read More]

Kevin Roberts, director of industry insights and analytics at CarGurus, joined the Auto Remarketing Podcast from the Auto Intel Summit + National Remarketing Conference last month in Cary, N.C. He sat down with Cherokee Media Group senior editor Joe Overby for a conversation about the data metrics that dealers should watch to maximize profitability and […] [Read More]

Coinciding with S&P Global Mobility discovering the average age of vehicles on the road is 12.6 years — an all-time high — Sunbit highlighted its own milestone on Thursday, announcing its buy-now, pay-later financing technology is available at more than 50% of dealership service centers in the U.S. Since launching in the auto services sector, […] [Read More]

Dealership profits are slowing from the astronomical pandemic-era levels, but the buy-sell market remains active, according to analyses by advisory firms in the space. The Presidio-NCM Average Dealership Performance Benchmark shows that an average franchised dealership had a 32.4% year-over-year slide in net pretax profit during the first quarter, following a 20.5% year-over-year decline in […] [Read More]

We can use smartphone apps to listen to music, track our spending and waistlines and reconnect with family and friends. And J.D. Power said electric vehicle owners are leaning more on apps than ever. Researchers shared on Wednesday that usage of manufacturers’ mobile apps continues to increase as 90% of EV owners say they use […] [Read More]

We tend to think of the past as black and white, while the present shines in living color. When it comes to cars, though, that trend is heading in the opposite direction. Grayscale colors (white, black, gray and silver) are not only by far the most popular hues for cars, that popularity continues to grow, […] [Read More]

It’s been 10 years since the National Highway Traffic Safety Administration issued its first recall of airbags manufactured by the Takata Corporation. But that doesn’t mean they’re all gone. According to data from CARFAX, more than 6.4 million vehicles equipped with those potentially deadly airbags are still on the road. And according to CARFAX’s vehicle […] [Read More]

The road to broader consumer acceptance of vehicle electrification is fraught with slowdowns, challenges and bumps in the road. Still, wider-spread acceptance of EVs is on the horizon and dealers — both franchise and independent — with support from automakers and/or industry partners such as Cox Automotive, are critical in helping that journey go more smoothly. That’s according to Cox Automotive executives, who highlighted key findings in the company’s “2024 Cox Automotive Path to EV Adoption Study ” during a panel discussion here, May 9. “We’re on this electrification journey.” ... [Read More]

During a May 9 forum with industry media in Detroit, Cox Automotive held a panel discussion on how it is using artificial intelligence to assist its wholesale customers with more accurate vehicle inspections and condition reports and marketing opportunities. Participating in Cox Automotive’s AI panel discussion was Marianne Johnson, chief product officer at Cox Automotive, who said machine learning has been around for 20 years and predictive algorithms based on historical data is not new, either. But over the last two or three years, technology has evolved into ... [Read More]