The used electric vehicle market has miles to go before reaching critical mass, but sparks of growth in recent months may indicate the segment is gaining traction. For one, there are three times as many used EVs on dealer lots as there were 18 months ago, according to Recurrent, an EV battery and range analytics […] [Read More]

Two experts from Experian Automotive discussed two important parts of the electric vehicle market for this episode of the Auto Remarketing Podcast recorded during NADA Show 2023 in Dallas. Kirsten Von Busch discussed trends connected with EV shoppers, while Melinda Zabritski analyzed how those consumers are securing the financing needed for delivery. To listen to […] [Read More]

Much like the new-car market, retail demand was stronger than expected for used cars in January, according to the latest CarGurus Intelligence Report. But unlike the new-vehicle segment, prices on pre-owned eased last month. So don’t be surprised to see … [Read More]

As an automotive dealer, your reputation is your lifeline. And in the digital age, your reputation is displayed in black and white (and yellow stars) for everyone who searches for you or even generally searches for your services. Too few reviews, too old reviews and fewer than four stars all disqualify you from ranking well […] [Read More]

It's Super Bowl week, which means it's time for a visit with PureCars chief operating officer and automotive advertising expert Lauren Donalson to discuss what to expect from the automotive commercials on Super Sunday. Plus, Donalson shares how dealers can parlay OEM ad momentum from the Big Game into their own marketing strategies, while also explaining […] [Read More]

Perhaps some of the topsy-turvy used-car trends that commercial consignors have dealt with the past couple years have drawn to a close. AutoIMS sorts that out in its Industry View report for the fourth quarter of 2022, while also emphasizing that “time is … [Read More]

Here’s more evidence of the trickle-down used-car impact from Tesla’s price reduction last month: The average price of a later-model used Tesla in the second half of January (after the price cut) was nearly … [Read More]

Sales of electric vehicles (EVs) in the U.S. showed a sharp jump in sales, increasing by two-thirds in 2022, while the remaining portion of the auto market contracted. According to a report in the Wall Street Journal, carmakers sold 807,180 fully electric vehicles in the U.S. this past year, equating to 5.8% of all vehicles […] [Read More]

There is something surreal about today's retail automotive market. Assumptions, once taken as articles of faith, are not only being questioned but also discredited altogether. Take, for example, the role vehicle leases have traditionally played in creating a win-win-win value proposition that has well-served consumers, dealerships, and automotive manufacturers for decades. For consumers interested in […] [Read More]

The sky is not falling in the used-car market, but certainly the expectation is for another challenging year in sales. Brighter days may be on the horizon, but the year appears to have started on a bumpy note. TrueCar is forecasting … [Read More]