Even with the looming threat of an autoworkers strike, rising interest rates and a shaky economy that might or might not be on the verge of a recession, car dealers should come out OK the rest of this year. That’s the reassuring message sent by Cox Automotive senior economist Charlie Chesbrough in “Charlie's Real-Time Quarterly Market Update,” a webinar presented last week by the American International Automobile Dealers Association. Experts are split on whether there will be a significant economic downturn, but, Chesbrough said ... [Read More]

Experian director of product marketing for automotive Kirsten Von Busch is back on the Auto Remarketing Podcast discussing another segment of company data. Von Busch — who also is among the speaking faculty for this year’s Used Car Week beginning on Nov. 6 in Scottsdale, Ariz. — reviewed Experian’s latest information about vehicle accidents and […] [Read More]

Trade show season is here. Actually, in automotive, it never goes away. Starting with NADA Show, our weeks are filled with conferences, expos, 20 groups, and training opportunities all year long. For leaders, it can be a bit overwhelming to find the right events for your business and organize the optimal participation plan. After years […] [Read More]

A new report by Boston Consulting Group (BCG) examined the ongoing shift from internal combustion engines toward electric vehicles (EVs) and the transformation of vehicles that are almost exclusively mechanical machines to ones with increasingly complex software-defined systems. BCG said the software-defined vehicle (SDV) is just emerging, and it will continue to evolve over the […] [Read More]

Automotive data provider Vincentric last week released its most recent update to its fees and taxes data, which the company said offers the most up-to-date automotive ownership costs to the U.S. and Canadian markets. The data enhancement incorporates detailed state-by-state and province-by-province updates for the U.S. and Canada, including electric vehicle tax credits, and, Vincentric […] [Read More]

Jim Maguire, Experian Automotive’s senior director of product marketing, made his first appearance on the Auto Remarketing Podcast to discuss some of the findings of Experian’s 2023 U.S. Identity + Fraud Report. Maguire mentioned not only what’s happening nowadays but also how critical it is for dealerships and finance companies to continue to collaborate against […] [Read More]

Carvana has ended August in a position to have a lot more breathing rooming financially. The online used-car retailer said Thursday it has completed its previously announced debt exchange with more than 96% of noteholders. This gives Carvana “significant financial flexibility as it continues to execute its profitability and growth plan” through cutting total debt […] [Read More]

In the scorching summer of 2023, maybe the only thing as hot as the weather was interest in pickup trucks. Trucks dominated Autotrader’s lists of the Hottest New and Used Cars of Summer 2023, taking eight of the top 10 spots on the new car list and seven of the top 10 among used vehicles. […] [Read More]

Traditionally, one obstacle to electric vehicle adoption (even used EVs) has been high prices that put many customers out of the market. Well, perhaps that road bump has somewhat smoothed in the pre-owned market. According to the latest CARFAX Used Car Price Index, prices on used hybrids and EVs were down 22.1% year-over-year in August. […] [Read More]

This episode of the Auto Remarketing Podcast features Tim Gill, who became the vice president of research and chief economist at the American Financial Services Association earlier this summer. Gill described what’s happened in the U.S. economy so far this year he’s found most interesting and how current trends might impact the automotive industry. The […] [Read More]