Here is some potential good news for dealers when it comes to used-vehicle inventory: they might be able to source more consumer cars this year. According to 2022 State of the American Driver report from car ownership app Jerry, 58% of drivers said they would consider selling their vehicle this year. [Read More]

The Cherokee Media Group team wishes you a safe and happy holiday season and a joyous new year. This issue of Used Car Weekend will be the final regularly scheduled e-newsletter from our team in 2021 before we take a holiday break. We thank you for your interest, support, readership and feedback this year. The Auto Remarketing e-newsletters will resume […] [Read More]

The cost of gasoline is up nearly 59% from a year ago, so the models topping the iSeeCars.com list of fastest-selling used vehicles makes perfect sense. A combined nine hybrids and electrics cracked the top 20 list for November. Seven of the nine — and each of the top four — fastest-selling used vehicles last […] [Read More]

Especially if you are a regular consumer of Auto Remarketing content, you might agree with Kerrigan Advisors that the auto dealership buy/sell market is on track for another record year. The firm detailed how the market continued its momentous pace during the third quarter through its latest report released on Thursday. According to the Third […] [Read More]

Adam Carolla has some thoughts about car dealers. Mainly that the stereotypes about them portrayed in a recent line of Vroom commercials are a bit outdated and inaccurate, the comedian opined in Part I of Wednesday’s Adam Carolla Show. The spots, which began during the NFL Playoffs earlier this year, take a satirical, cartoonish poke […] [Read More]

Shift has lined up a new $100 million floorplan facility with Ally Financial, the automotive ecommerce provider said Monday. The deal expands the companies’ existing relationship. The two-year term on the facility expires Dec. 9, 2023. “Our business is rapidly scaling, with 2021 sales expected to more than triple compared to 2020. As a result, […] [Read More]

Used vehicles, in general, are pricier these days, fetching nearly 28% higher prices than they did a year ago, according to iSeeCars.com And some models are seeing prices soar even higher than that. [Read More]

UPDATE: Cox Automotive has updated its reporting of November used-car sales figures, based on registration data not previously available.  The company now estimates there were a shade under 3 million total used vehicles sold in November, which beat year-ago figures by 3%. The total used-car SAAR was projected at … [Read More]

Selly Automotive founder & CEO Zach Klempf joins the show to discuss how independent dealers are faring in what has been a rather unique retail auto environment, and how they're using tech and innovation to combat challenges. Plus, he shares the importance of utilizing CRM and automation services. To listen to the conversation, click on the […] [Read More]

On the auction block, on the dealer lot and in the consumer’s driveway: used-car prices are going up, and in some cases, breaking records. Starting on the wholesale side of the market, the Black Book Used Vehicle Retention Index, which was released Monday, has now reached a record high for three straight months. Coming in […] [Read More]