Down, but not out. That’s one consensus from two reports in the past week from Cox Automotive examining the general state of affairs in the used-car market. The pace of used-car sales last month improved from May, but thanks to high interest rates, fuel costs and price tags, actual sales volumes are … [Read More]

Summer temperatures have heated up, and so too, have wholesale values. Used-car prices have started July up slightly from June on an adjusted basis and maintain a sizable premium over where they were ago. That’s according to the mid-month reading of Cox Automotive’s Manheim Used Vehicle Value Index, which came in at … [Read More]

Probably not many individuals would dispute the point that Cox Automotive has vast of number of resources. Anyone who walked through the expo hall at NADA Show 2022 could literally see that with their own eyes. As a result of those resources, we here at Cherokee Media Group receive multiple messages regularly from the Cox […] [Read More]

Jeremy Beck is vice president of sales operations for APCO Holdings and brings more than 20 years of experience in the automotive industry to the EasyCare and GWC Warranty training teams. Previously, Beck was a national training manager with F&I expertise and spent more than 14 years in various retail positions, from sales to managing […] [Read More]

The entire auto industry has been impacted by recent trends in the current business environment, including COVID impacts and labor shortages, supply chain hiccups and more. And perhaps no branch of the industry has been affected as much as the vehicle transport and logistics side of the business. COVID restrictions, a shortage in drivers and […] [Read More]

Mike Black and others in the auto industry know that supply chain and other issues that have hit the industry as a result of the pandemic have not eased up. Black, who is chief executive officer of Dent Wizard, mentioned various issues that have negatively affected the vehicle reconditioning industry and the auto industry as […] [Read More]

Retail vehicle demand has slowed, so that should lead to lower wholesale prices — right? Not necessarily, says Black Book. On Wednesday, the company released its Used Vehicle Retention Index for June, which climbed 1.5% month-over-over and 15% year-over-year to reach 191.5 points. That’s also 67% higher than pre-pandemic levels. All this amid slower retail […] [Read More]

I took delivery of a new work truck about a year-and-a-half ago, back when dealerships were knocking off $5,000 from MSRP, not adding $7,500. Later on, I ordered new wheels, a drop-in bedliner and a tonneau cover to make it the way I wanted. But that’s nothing compared to what John Cena has done. Be […] [Read More]

In the auction lane, it has been a challenging year for car dealers, with high prices and low supply. In the service lane, it’s more of a mixed bag. A Cox Automotive analysis of data from its Xtime business unit released in late June shows that … [Read More]

A new study from Rapid Recon-certified partner iPacket identified the three most convincing documents utilize when used-vehicle buyers are evaluating their purchase decision. The study results released on Tuesday pointed to authentic OEM MSRP data, new-vehicle brochures and reconditioning receipts For the study, Rapid Recon and iPacket explained that click activity and time spent were […] [Read More]