For dealers looking to obtain used-car inventory at lower prices than they did in 2022, the year appears off to a good start. And weary consumers scouring dealer lots for good pre-owned car deals after two years of wildly high prices are starting to find some relief, as well. Though up 1.5% from December, wholesale vehicle prices through […] [Read More]

Electric vehicle sales are the talk of the town — or at least the auto industry at large and even in the auction lane. Overall new- and used-vehicle sales fell as 2022 ended, but EVs followed a different path. During a recent call with the auto industry and media, Cox Automotive cited data from its […] [Read More]

For a typical internal combustion engine vehicle, the deterioration of its components can be thought of as “lots of paper cuts” that occur over the car’s lifetime, says Recurrent CEO Scott Case. But for an electric vehicle, its component degradation is typically, “noting, nothing, nothing and then ‘WHAM!’ whenever the battery fails,” Case said. “If […] [Read More]

At the end of 2022, used-vehicle prices were starting to slow from unusually high rates, and inventory levels were on the upturn — as the auto market and consumers tried to navigate the results of the Fed's latest interest rate moves. Cox Automotive kicked off 2023 by exploring many of these trends as well as forecasts […] [Read More]

The market for used hybrid and electric vehicles remains limited, but supply appears to be on the rise, and for some models, there was even some price relief in recent months. Of the 10 used vehicles with the largest price declines (percentage-wise) in the second half of 2022, seven were alternative-fuel vehicles, including … [Read More]

In this special episode of the Auto Remarketing Podcast, we feature "The Best CPO Dealers in the USA: Selling More Used Cars" panel discussion from Used Car Week. This panel delves into top used-car strategies from the dealer, automaker and dealer trainer vantage point, along with their takes on the most pressing and current trends […] [Read More]

As I examined dealer inventories in the final weeks of 2022, it’s become clear that many dealers have a hangover problem. The hangover is like many of us have experienced. It’s when we overindulge (and potentially get over-served) with family and/or friends. Then, the next morning arrives, and you pay for the good times you enjoyed. For […] [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from Used Car Week in November. Our next special episode features the "How Tomorrow’s Thriving Secondary EV Market Is Taking Shape Today" panel discussion at the National Remarketing Conference, featuring Scott Case […] [Read More]

Whether it was a sign of things getting back to normal or a function of external and internal market factors, one thing was sure about December’s wholesale price movement: it looked a lot like the close of 2019. That was apparent in Black Book’s analysis around its latest Used Vehicle Retention Index, which came in […] [Read More]

We’re finally emerging from one of the strangest times in automotive retail history. The onset of the COVID pandemic brought with it several supply chain issues, unpredictable inventory challenges, and inflated pricing that made car sales models look more like cryptocurrency markets than a century-old industry steeped in stability. Keeping an eye on how things […] [Read More]