Prices and interest rates are high, but that’s not stopping — or even slowing — consumer demand for used vehicles, according to the latest report from Edmunds. Edmunds’ Q2 2023 Used Vehicle Report showed a strong market for used sales, powered by years of postponed vehicle purchases, despite continued unfavorable conditions for car shoppers. “Used-vehicle […] [Read More]

Electric vehicles might be the future. For the present, though, they’re causing more technology problems for their owners than traditional internal combustion engine vehicles, according to the latest research from J.D. Power. The 2023 U.S. Tech Experience Index Study, released Thursday, found 17 of the 21 advanced technology features offered on both types of vehicles […] [Read More]

ADESA chief economist Tom Kontos demonstrated his vast vocabulary again to explain what’s happening with wholesale values, detailing how prices are coming down from “exorbitant” levels and what might cause some “lumpiness” later this year. Auto Remarketing connected with the industry expert this week as he released his newest installment of the Kontos Kommentary. According […] [Read More]

The softening in the Manheim Used Vehicle Value Index at August’s halfway point has slowed from July’s declines, according to an analysis released by Cox Automotive last week. The mid-month reading of the index was 212.0, which was up 0.1% from July and a 7.8% decrease from the full month of August 2022, when adjusting […] [Read More]

After a slow 2022, the certified pre-owned vehicle market is “hotter than expected” and continues to outpace year-ago figures by 7% so far in 2023, according to a Data Point report from Cox Automotive. July was particularly hot for CPO, as the monthly tally of 231,128 sales eclipsed July 2022 figures by 12% and marked […] [Read More]

In this episode of the Auto Remarketing Podcast, longtime auto industry analysts Alain Nana-Sinkam and Eric Lyman join the show to discuss their new venture called “Remarkit Automotive,” an automotive advisory firm. In addition to explaining the firm’s origins, Nana-Sinkam and Lyman also delve into the evolution of vehicle forecasting, projections for the electric vehicle […] [Read More]

A recently released study by Coast examined electric vehicle charging station density versus traditional gas stations in the U.S., highlighting just how many more petroleum dispensers there are versus places to plug in an EV. But what about the quality of charging stations that currently are available? The J.D. Power 2023 U.S. Electric Vehicle Experience […] [Read More]

Despite headwinds, used-car sales are “gaining momentum” in what appears to be a bit of a summer “surprise,” according to a Cox Automotive analysis. Based on vehicle registration data, the company estimates there were 3.02 million total used vehicles sold in July, up from 2.96 million in June. While that’s down from July 2022, sales […] [Read More]

There are so many ways for a consumer to get a realistic expectation of what their trade-in is worth, and yet there are still those dealers who try the proverbial lowball and “steal the trade.” Why? The risk of alienating the customer can’t possibly outweigh the potential rewards. Trade-ins literally outperform car purchases 2-to-1. The NADA […] [Read More]

A new study by Coast examined electric vehicle charging station density versus traditional gas stations in the U.S. Researchers from the smart fuel card and modern expense management platform built on the Visa network found that the U.S. averages about 104 gas pumps per 1,000 road miles, compared to just 22 EV charging ports. “As […] [Read More]