After going six months without a sequential decline, Black Book’s Used Vehicle Retention Index has now fallen two months in a row. [Read More]

TrueCar’s used-vehicle sales forecast for March called for a double-digit rise on a sequential basis, but a double-digit drop on an annual comparison. An anecdote from Brian Finkelmeyer, who actually is the senior director of new-vehicle sales strategies at Cox Automotive, might provide a vivid image of how used-vehicle sales unfolded to close the first quarter. [Read More]

While maintaining its forecast for overall used-car sales, Cox Automotive has trimmed its projections for certified pre-owned vehicle sales, as competition for acquiring CPO-worthy inventory intensifies. Analysts with the company said in a presentation this week that they are now projecting 2.8 million CPO sales for 2022, down from the 3.0 million unit forecast they […] [Read More]

Recognizing the dealers leading the certified pre-owned car business, the April edition of Auto Remarketing  is our annual issue spotlighting "The Best CPO Dealers in the USA." We reached out to automakers across the CPO spectrum and requested their respective top 10 certified dealer lists based on full-year 2021 sales.  Below are the brand-by-brand CPO rankings. Listings include […] [Read More]

From vintage clothing to retro furniture finds, Ally Financial said that thrifting is the shopping mode of choice for many Gen Z and millennial consumers as they look for ways to lessen their impact on the environment. According to a new survey orchestrated by the finance company, the same approach now holds true for vehicle […] [Read More]

At NADA Show 2022 earlier this month in Las Vegas, CARFAX public relations director Emilie Voss and head of dealer marketing Rob Bois joined senior editor Joe Overby for an epsidoe of the Auto Remarketing Podcast.  They discussed the launch of the CARFAX 100 dealer recognition program, what makes top-rated dealers stand out, updates on the […] [Read More]

This person has more than 27,000 followers on Twitter, a contingent that includes auto industry executives, journalists, companies and dealers, along with consumers, investor-types and more. But it’s likely you have no idea who this person really is — and that’s by design. Since joining Twitter in December, the pseudonymous CarDealershipGuy account (@GuyDealership) has created a following […] [Read More]

Average gas prices in the U.S. were at $4.239/gallon on Monday, which is $1.374 higher than they were a year ago, according to the U.S. Energy Information Administration.  It’s no wonder, then, what has happened to the cost of used vehicles that run on alternative sources of energy, even amid a market already inflated by material […] [Read More]

Next up in our NADA Show 2022 podcast series, Lori Wittman and Paulo da Silva of Cox Automotive join the Auto Remarketing Podcast, where they chat with senior editor Joe Overby about the company's Esntial Commerce platform and their work providing digital retail solutions to dealers. In related news, the Titus-Will Automotive Group said Monday […] [Read More]

After meeting with a host of dealer principals and mangers during NADA Show 2022, ACV chief executive officer George Chamoun said through a company news release that, “Dealers are the most resilient business leaders.” But even the most resilient operators are starting to show a little weariness as shown in the latest Cox Automotive Dealer […] [Read More]