Chevrolet showed up in the heart of electric vehicle country one Friday in September to show off its Bolt EV and Bolt EUV (electric utility vehicle). The automaker aims to overcome a setback with its entry-level electric vehicle after it had to recall more than 140,000 because of a battery defect. Despite that glitch, General Motors […] [Read More]

Used-car sales are down, prices are up and pre-owned retail inventory continues to expand — slowly but surely. Cox Automotive chief economist Jonathan Smoke, senior economist Charlie Chesbrough and the Industry Insights team drilled down into these trends on the company's Q3 Industry Insights and Forecast Call on Wednesday. The team found that … [Read More]

Tough sledding continues in the used-car retail market. TrueCar is forecasting an 11% year-over-year decline in pre-owned car sales, with 3 million used cars sold. That’s off 4% from August. Granted, the year-over-year drop is … [Read More]

One consequence of rising used-car prices that might fly under the radar: increases in auto theft. Amid price conditions that make this activity more lucrative, vehicle and catalytic converter thefts and carjackings have impacted many U.S. cities with nationwide figures approaching levels not seen in 14 years. New analysis from the National Insurance Crime Bureau (NICB) […] [Read More]

If they’re not already, dealers may soon have a harder time getting used-car inventory than they did in late summer That’s according to the ZeroSum Market First Report, which is projecting that available pre-owned inventory at the end of September will be 1.15% lower than it was at the beginning of August. Data from ZeroSum, […] [Read More]

There’s a widening gap between wholesale and retail used-car prices, and it’s one that could end up helping dealers in the final months of the year. The mid-month reading of Cox Automotive’s Manheim Used Vehicle Value Index was down 2.3% from August on an adjusted basis, and just 0.6% higher year-over-year, according to a Data […] [Read More]

Tara Kasica is the senior vice president of sales at Polly, an insurance marketplace for auto retail. She joins the Auto Remarketing Podcast and discusses the growth of embedded insurance in the car-buying process, how changes in car ownership models impacts insurance and much more. To listen to the conversation, click on the link available below, or […] [Read More]

Automotive Ventures said Thursday it has added Repairify president Tony Rimas to its operating partner team. Rimas previously was the co-founder and managing partner of FM Capital. While there, he managed investments that included Autoniq, Frontier Car Group, Vroom, Autopay and Revolution Parts. His background also includes an operational leadership role with Red McCombs Automotive […] [Read More]

Electric vehicles remain a small slice of the overall used-car market, but the segment has grown in the past decade, especially in recent years, as additional automakers have entered the market. Specifically, just 0.6% of used-car sales are EVs, according to Autonomy’s debut EV Market Report released Tuesday. And for the largest continent of pre-owned vehicles […] [Read More]

Used Car Week is returning to San Diego for the first time in almost a decade, and will feature several new twists for the event, which is scheduled for Nov. 14-17 at the Manchester Grand Hyatt. Among those is the debut of the Used Car Week Podcast Stage, where podcasters and other media can record […] [Read More]