Expert firms acknowledged the road to electrification has been repeatedly foretold by automotive industry watchers. Yet, CDK Global and J.D. Power pointed out significant questions remain about how the transformation will take place, how long it will take and what will accelerate — or just as importantly put the brakes on — consumer adoption. CDK […] [Read More]

The used-car shopper who arrives on a dealer’s lot or online listings looking for a vehicle that will save them money at the gas pump may end up spending quite a bit more elsewhere. Specifically, on the transaction itself. While the overall retail used-car market showed sequential price stability last month, with some segments’ prices declining […] [Read More]

While still up a double-digit percentage from a year ago, wholesale prices in July softened ever so slightly from June, marking the second straight month-over-month decrease. And there could be some moderation — even a reversal — in the year-over-year price differences as the second half of the year continues, according to Cox Automotive. The […] [Read More]

He’s back, folks. Tom Kontos has released his first industry commentary since the closing of KAR Global’s sale of its U.S. ADESA auction business to Carvana. The longtime auto analyst, who is now the chief economist at ADESA Auctions, shared his thoughts on … [Read More]

Marty Miller definitely did his homework for this episode of the Auto Remarketing Podcast. The director of automotive data for Experian Automotive shared the latest trends associated with brand loyalty and which vehicles are resonating most with consumers nowadays. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  […] [Read More]

If your dealership or finance company improved in the used-vehicle department in July compared to the previous month, you were part of the sequential improvement TrueCar predicted. Just before the weekend and close of the month, TrueCar projected that July used-vehicle sales would reach … [Read More]

Interest in used electric vehicles has climbed and sales appear strong — trends that may have far-reaching impacts beyond dealership lots. A year ago, half of electric vehicle shoppers said they would consider going used. But now nearly 80% are interested, according to the Q3 2022 Used Electric Car Market Report from Recurrent, a company […] [Read More]

How should we think of certified pre-owned? Is this a used, new  or a new used vehicle, or should we stick to calling it “like-new?” Regardless of what we classify as CPO, we accept that CPO vehicles can be some combination. We treat it like a different product. How we market, advertise, label and sell these vehicles somehow […] [Read More]

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]