For dealerships with high-line vehicles and other late-model inventory that have advanced driver-assistance systems (ADAS) features, a survey and report released on Thursday by global consulting firm AlixPartners put specific dollar figures on how much consumers value that equipment. According to the Society of Automotive Engineers (SAE), these features range from Level 1 such as […] [Read More]

Through eight months of 2023, certified pre-owned vehicle sales are beating prior-year figures by 8% as the segment remains a “bright spot” in the overall used-car landscape, according to a presentation Tuesday by Cox Automotive analysts. In fact, August was the strongest month for ... [Read More]

Cory Collins, who is a national F&I trainer with Automotive Reinsurance Concepts, talks with Cherokee Media Group associate editor Andrew Friedlander about the dealer F&I landscape, success strategies for dealers and his upcoming session at Used Car Week on “4 Steps To A Solid Menu Presentation.” Plus, Cory discusses his journey in automotive, his work […] [Read More]

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]