Those of us who work in or adjacent to the used-car business have likely been asked some form of this question numerous times by our friends and family outside the industry: “When are used-car prices going to come down?” Well, finally, it seems there might be … [Read More]

For years, Ipsos pointed out that automakers have talked about electric vehicles and autonomous driving as two connected parts of the future of vehicles. But new research released by Ipsos on Thursday indicated that OEMs might be better off if they talked about these kinds of models separately. Ipsos’ latest Mobility Navigator Study showed that […] [Read More]

TEXT2DRIVE acknowledged that a previous J.D. Power study showed that dealers capture 88% of customers’ annual service visits during the first three years of new-vehicle ownership. But TEXT2DRIVE wanted to know what keeps those service-drive customers returning after that span when the model is clearly a used vehicle, so the company conducted its own proprietary […] [Read More]

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]