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]

Trade show season is here. Actually, in automotive, it never goes away. Starting with NADA Show, our weeks are filled with conferences, expos, 20 groups, and training opportunities all year long. For leaders, it can be a bit overwhelming to find the right events for your business and organize the optimal participation plan. After years […] [Read More]

A new report by Boston Consulting Group (BCG) examined the ongoing shift from internal combustion engines toward electric vehicles (EVs) and the transformation of vehicles that are almost exclusively mechanical machines to ones with increasingly complex software-defined systems. BCG said the software-defined vehicle (SDV) is just emerging, and it will continue to evolve over the […] [Read More]