The supply of used cars on dealer lot appears to be making some progress, according to the latest CarGurus Vehicle Availability Index & Insights report. The CarGurus Used Vehicle Availability Index for January shows a 3.9% uptick in used-car inventory at dealerships compared to December. Meantime, the year-over-year gap has slowed to 0.8%. “The recovery […] [Read More]

Turns out, the online used-car market will have an even larger presence during the Super Bowl than it did a year ago. Carvana announced Wednesday it make its Super Bowl advertising debut on Feb. 13 with a 30-second spot featuring “an endearing ‘oversharer’” who talks about her experience buying from the online retailer with everyone […] [Read More]

Dealers looking to shore up their supply of used cars by purchasing from consumers may be in luck. Citing internal data from 2021, Cars.com says 41% of its in-market audience aims to sell their vehicle prior to making a purchase.   This means “new opportunities for dealers to … [Read More]

In this episode of the Auto Remarketing Podcast, Scott Painter and Georg Bauer return to the show to discuss their venture called Autonomy, which has launched an electric vehicle and zero-emissions vehicle subscription program, starting with the Tesla Model 3. Initially, the program will be available to consumers in California. The company plans to expand […] [Read More]

While multiple indicators are showing that consumer confidence is sagging to start 2022, at least one expert doesn’t see the trend as an unconquerable obstacle to vehicle sales. The Conference Board Consumer Confidence Index declined in January after an increase in December. The Present Situation Index — based on consumers’ assessment of current business and […] [Read More]

When she was part of the panel discussion at Used Car Week 2021 with the other Women in Auto Finance honorees, Colletta Bryce mentioned how some workplaces can have as many as five different generations nowadays. In this episode of the Auto Remarketing Podcast, the senior director of HR business partners at NextGear Capital described […] [Read More]

In 2020, the Kansas City Chiefs took on the upstart and defense-minded San Francisco 49ers in the first Super Bowl appearance for their star quarterback Patrick Mahomes. In their return trip to the Big Game last year, the Chiefs faced an opponent of a wholly different sort: Tom Brady and the veteran-laden Tampa Bay Buccaneers, […] [Read More]

Cox Automotive chief economist Jonathan Smoke is back on the show to help us make sense of the mixed signals that wholesale vehicle prices have shown at the start of 2022. Plus, we talk about the growth in what Cox Automotive has dubbed "New Form Online Retailers" and all things used cars. To listen to […] [Read More]

Dealer Trade Network is a wholesale trading market of new-vehicle inventory. And the company has launched a new index that compares the new-car wholesale trading price (i.e., new vehicles sold from dealer to dealer) with the invoice prices of those new vehicles. What did the New Car Wholesale Monthly Trading Price Index determine? For one, that […] [Read More]

Carvana is staking its claim to two milestones: the fastest used-car retailer to organically sell more than 400,000 units in a year and the fastest online auto retailer to have reached 1 million sales since founding (nine years). The company said it reached each of these landmarks in the fourth quarter. “Our engine of growth […] [Read More]