This feature is part of Auto Remarketing's upcoming "Beyond the Transaction" edition, which is the May print issue of the magazine.  It is available for Cherokee Media Group Premium subscribers now.  Bek Abdullayev says the driver shortage plaguing the auto transport industry is getting worse. Abdullayev is CEO of Super Dispatch, which he describes as […] [Read More]

Amid climbing new-car prices and interest rates, there’s growing reason for many consumers to choose an alternative. But without low-cost options in the new-car market, pre-owned may be the choice for many, it seems. Hard to believe that in early 2022, the average price of a lightly used late-model vehicle was actually 8.5% higher than its new-car counterpart, according to iSeeCars.com. But times have certainly changed ... [Read More]

As an added bonus for our CMG Premium subscribers, Cherokee Media Group is relaunching two previous staples of Auto Remarketing: — The “4 Questions With” series, where auto industry leaders will share their insights on overarching remarketing, used-car retail and auto finance trends through concise Q&As. — “Auto Remarketing Profile Series,” which will consist of long-form, […] [Read More]

For many reasons, dealers have been learning to do more with less over recent years. This challenge is coupled with an ongoing priority at dealerships to meet or exceed CSI goals, which requires a personalized high-touch approach to help win that customer relationship, support retention, and drive new sales. All together, these factors can put […] [Read More]

It appears that used-vehicle sales for 2023 will be stronger than projected a few months ago, resulting in a market that’s flat compared to 2022, rather than softer. Still, inventory and affordability remain ever-present challenges that dealers must navigate in pre-owned. Or as Cox Automotive senior manager of economic and industry insights Chris Frey put it in a call with the industry and media on Monday, “In the spirit of spring, the used market looks like ... [Read More]

Consumer interest in used electric vehicles has more than doubled year-over-year, and many of those with an EV trade-in are apparently pleasantly surprised at what their trade fetches. Though the industry is still working to solve challenges in the pre-owned EV space —  like battery health — both of those findings from the second annual […] [Read More]

Even though some automakers have expanded certified pre-owned vehicle eligibility to include older model-years, dealer demand for the late-model vehicles that have historically been the bread-and-butter of CPO programs remains strong. And their values in the wholesale market are climbing in early 2023. That’s according to the latest Kontos Kommentary report from ADESA chief economist […] [Read More]

Given current market dynamics and the way supply and prices have behaved in recent months, dealers may be wise to grab more used cars and sell them quickly. According to the ZeroSum Market First Report released Thursday, the last four months has been a rollercoaster in ... [Read More]

Wholesale vehicle prices closed 2022 having declined sequentially for seven months in a row, reaching at average of $14,316 for December, which was down 0.9% month-over-month and 11.8% year-over-year, according to ADESA chief economist Tom Kontos’ analysis of the market. Since then, Kontos said by phone Wednesday, wholesale prices have risen approximately $1,500, as values so far in March are around $15,500. But dealers are ... [Read More]

Jessica Stafford, senior vice president of consumer solutions at Cox Automotive, returns to the Auto Remarketing Podcast for an enlightening conversation on gender equity in the auto industry. In an interview with Cherokee Media Group’s Joe Overby, Stafford shares her perspective on the progress that has been made in recent years and where improvement is […] [Read More]