In an effort to save at the pump, consumers these days are shelling out more to get alternative-fuel and smaller vehicles, spending thousands more for these rides than they were a year ago. According to an iSeeCars.com analysis of nearly 2 million sales of 1- to 5-year-old vehicles in May, overall used-car prices were up […] [Read More]

At least for the first half of June, stability seems to be the name of the game in the auction lanes. In its latest Market Insights report, Black Book observed that for the week ending Saturday, overall wholesale vehicle prices were up 0.10%, same as the prior week. Car segment prices were up 0.21%, compared […] [Read More]

There wasn’t any movement in wholesale vehicle prices in the first half of June, but signs are pointing to the second half seeing some slowdown. That’s according to Cox Automotive’s analysis around its mid-month Manheim Used Vehicle Value Index. The index remained at … [Read More]

Tennessee shares a border with eight states, including Kentucky, Virginia, North Carolina, Georgia, Alabama, Mississippi, Arkansas and Missouri. And according to Experian Automotive’s first quarter data, the Volunteer State edged out several of its bordering neighbors for the highest rate of used vehicles sold in Q1 with financing attached. Tennessee led the nation in Q1 […] [Read More]

In this episode of the Auto Remarketing Podcast, Jim Johnson, who is vice president of account planning at VDX.tv, joins the show to talk about the role of connected TV in automotive, the changing landscape of video advertising, how that applies to automotive and much more. To listen to the conversation, click on the link available […] [Read More]

Autonomy continues to expand in the Golden State. The electric vehicle subscription company — which says it is the “cheapest, fastest and easiest way to get a Tesla Model 3” — said in news release Wednesday that its services have launched in Bakersfield, Calif. Autonomy launched in Los Angeles in January, then the San Francisco […] [Read More]

Though there was a bit of improvement from April, used-vehicle sales in May were down double-digit percentages on a year-over-year basis, says Cox Automotive, noting that spikes in interest rates, fuel costs and vehicle prices have dampened the market. The average APR on a used vehicle rose to 9.23% in May, up from 9.16% in April, according […] [Read More]

May’s soft certified pre-owned vehicle sales performance may be more than just a speed bump. The CPO market is likely headed to its softest year in close to a decade Following four consecutive month-over-month gains to start 2022 on a high note, the 208,423 CPO sales in May marked a … [Read More]

Even dealerships are having some trouble keeping a bright outlook amidst the notable headwinds we’re all facing nowadays. According to the latest reading of the Cox Automotive Dealer Sentiment Index (CADSI), U.S. automobile dealer sentiment in the second quarter softened, as U.S. dealers’ attention turned to inflation, high costs and tight inventory. Analysts said the […] [Read More]

For the second year in a row, Cherokee Media Group’s Nick Zulovich tracked down Cox Automotive chief economist Jonathan Smoke after appearing at the Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association. The conversation covered auto financing, used-vehicle prices, inflation and, of course, some musical references, too. To listen to the conversation, click […] [Read More]