As electric vehicles sales rise, so will the number of used EVs on the market. Two panels at Used Car Week earlier this month addressed the importance of determining EV residual values and how subscription services will play a role in EV adoption. “The time is now for EVs,” said EY partner and eMobility automotive leader […] [Read More]

The jury is still out on how November fared in the overall used-car and certified pre-owned markets, but recent industry analyses paint a clear picture of how the fourth quarter has started. Beginning with CPO, there have been 2.04 million certified pre-owned vehicle sales through 10 months of the year, according to an analysis of Motor […] [Read More]

Sourcing used inventory was the common focus of two panels during Used Car Week, and some key themes emerged from “The New Consumer Journey Horizon and “Smarter Used Vehicle Buying” discussions during the event this month in San Diego. Acquiring used vehicles directly from consumers is becoming an increasingly important channel for dealerships and it […] [Read More]

J.D. Power released its 2023 ALG Residual Value Awards last week, and topping the mass-market brand rankings for the second year in a row was Honda, while Lexus earned best premium brand honors for the third straight year. Breaking it down by segment, Kia earned five model-level awards to top the list, with Honda and […] [Read More]

The car-buying experience is changing. Buyers are spending more time researching vehicles and completing steps of the car-buying process online than time in-market shopping or visiting the dealership. This has altered the in-store experience dramatically. Today, that experience centers on the deal more than ever before and as a result includes other aspects of car […] [Read More]

I can’t help but associate iconic “Anchorman” Ron Burgundy, played by Will Ferrell, with San Diego. He’s hilarious in the role, and he paints a picture of life here during a laid-back time. I also warmly associate this hotel and San Diego with the events we’ve hosted here through the years. We first found this […] [Read More]

From the Golden State to the Sunshine State. Autonomy has added its first markets outside of California, announcing Tuesday that the electric vehicle subscription platform is now available in Southeast Florida. That includes Miami, Fort Lauderdale and West Palm Beach. Florida is second only to California in terms of EV population, the company said. “Expanding […] [Read More]

Initial estimates of October’s used-vehicle retail sales show a market where momentum has “faded,” according to Cox Automotive. In the company’s latest Manheim Used Vehicle Value Index report, Cox said same-store dealership data from Dealertrack indicates used retail sales were 9% softer than September and 13% slower than October 2021 figures. October also represented … [Read More]

Autumn continues to bring some pricing relief to the auction lanes, with at least two indices hitting their lowest levels in more than a year. After a 2.2% month-over-month and 10.6% year-over-year decline (when adjusting for mix, mileage and seasonality), the Manheim Used Vehicle Value Index was at its lowest level in 14 months. That’s […] [Read More]

With $5 billion in electric vehicle charging network funds (and more to come) available under the Bipartisan Infrastructure Law, states are lining up for their share of federal largesse. However, outside of the large coastal cities, retail registrations of EVs have yet to take hold, according to new analysis from S&P Global Mobility. The top-eight […] [Read More]