Autumn brings the brilliant colors of fall foliage, pumpkin spice added to a variety of drinks and dishes and a multitude of vehicle accidents. CARFAX confirmed that last point, as the vehicle history report provider pointed out that fall is the time when vehicle crashes occur most often. Although many might assume that winter is […] [Read More]

The market for electric vehicles is growing, and the key to that growth will be “a better product at a better price,” according to Bank of America senior automotive analyst John Murphy. In his keynote presentation of Bank of America’s third annual EVolution electric vehicle summit — a virtual event to discuss the latest trends in electric vehicles and environmental sustainability with industry experts — Murphy said last year’s EV growth from ... [Read More]

As a dealer, stop riding the wave or you will end up beached! Look at today’s used-vehicle retail market from the consumer’s perspective: The news has been telling the public they’ve been paying inflated prices for used cars for the last three years. The latest news? Vehicle values are softening and consumers should see lower […] [Read More]

UAW members started a labor strike early Friday morning at a trio of plants that make vehicles for Ford, General Motors and Stellantis. What’s going to happen to the market, especially for used vehicles? Here are the views from four expert sources. Previously, ADESA chief economist Tom Kontos told Auto Remarketing that should factory workers […] [Read More]

Cox Automotive named a new chief financial officer on Friday. Appointed to the role is Scott LeTourneau, who was most recently senior vice president of corporate development for Cox Enterprises, which is Cox Automotive’s parent company. LeTourneau, who has been with Cox since 2012, will start the new role as executive vice president and CFO […] [Read More]

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]