Prices for all of the vehicle categories in the CARFAX Used Car Index are down from a year ago, while six of the seven have shown month-over-month growth in May. But what perhaps stands out the most in CARFAX’s report — which compares used-car listing prices on CARFAX.com to those from 2022 — is the […] [Read More]

The transition to battery electric vehicles is a conversation today in almost everyone’s social circle. And while the path for transition to a BEV is quite clear for personal use, the path to transition commercial fleets remains challenging. And although the most common argument against BEVs for both personal and commercial use cases remains a […] [Read More]

Although overall wholesale vehicle values this month have “plateaued” at the spring/tax season peaks reached in April, prices on late-model units continues to rise. That’s according to the latest Kontos Kommentary report from ADESA chief economist Tom Kontos released Thursday. The average wholesale vehicle value was at ... [Read More]

Next up on our series of podcasts from April’s Auto Intel Summit & NRC Spring Summit is another panel discussion, J.D. Power’s Jonathan Banks, NAAA’s Larry Dixon and CarGurus’ Kevin Roberts share insights on the state of the economy and its impact to the retail, remarketing and finance segments of automotive. This discussion also includes […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from April’s Auto Intel Summit & NRC Spring Summit is a panel discussion on the increases in capital investment and M&A in the retail, remarketing, finance and tech segments of automotive. Moderated by Cherokee Media Group senior editor Joe Overby, this panel includes Gina Cocking […] [Read More]

The cost of used electric vehicles are coming down (more on that later), but according to iSeeCars.com, the average price on a 3-year-old EV is still 47% higher than that of a same-age internal-combustion vehicle. Add oddly enough, owners will drive their 3-year-old EV an average of 9,059 miles – 29% less than the 12,759 […] [Read More]

For certified pre-owned vehicle sales in April, it wasn’t all good news and it wasn’t all bad. According to a Cox Automotive analysis of Motor Intelligence data, there were 214,684 CPO sales last month. That was down 4.2% year-over-year and 6% softer than March, but year-to-date sales through April are beating year-ago figures by 6%, […] [Read More]

One of the consequences of harvesting high-margin sales, while market prices are sky high, is that future equity positions can be put at risk. That is precisely what is unfolding as dealerships assess their prospects for growth between now and the middle of the decade. J.D. Power research shows that approximately 24 million buyers purchased […] [Read More]

Stephens announced managing director Joe Mowery now will head the investment banking dealership practice, following 20 years as head of the department’s power and industrial technology group. The independent financial services firm said Mowery assumes the role from Matthew Marks, who was recently named Stephens’ head of investment banking. Stephens’ investment banking dealership practice provides […] [Read More]

If you haven’t already, it might be wise to get your service drive running as efficiently as the vehicles you repair for customers and get to stand tall on the front line of your inventory. With more than 284 million vehicles in operation on U.S. roads, the latest analysis from S&P Global Mobility indicated average […] [Read More]