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]

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]