There’s a widening gap between wholesale and retail used-car prices, and it’s one that could end up helping dealers in the final months of the year. The mid-month reading of Cox Automotive’s Manheim Used Vehicle Value Index was down 2.3% from August on an adjusted basis, and just 0.6% higher year-over-year, according to a Data […] [Read More]

Tara Kasica is the senior vice president of sales at Polly, an insurance marketplace for auto retail. She joins the Auto Remarketing Podcast and discusses the growth of embedded insurance in the car-buying process, how changes in car ownership models impacts insurance and much more. To listen to the conversation, click on the link available below, or […] [Read More]

Automotive Ventures said Thursday it has added Repairify president Tony Rimas to its operating partner team. Rimas previously was the co-founder and managing partner of FM Capital. While there, he managed investments that included Autoniq, Frontier Car Group, Vroom, Autopay and Revolution Parts. His background also includes an operational leadership role with Red McCombs Automotive […] [Read More]

Electric vehicles remain a small slice of the overall used-car market, but the segment has grown in the past decade, especially in recent years, as additional automakers have entered the market. Specifically, just 0.6% of used-car sales are EVs, according to Autonomy’s debut EV Market Report released Tuesday. And for the largest continent of pre-owned vehicles […] [Read More]

Used Car Week is returning to San Diego for the first time in almost a decade, and will feature several new twists for the event, which is scheduled for Nov. 14-17 at the Manchester Grand Hyatt. Among those is the debut of the Used Car Week Podcast Stage, where podcasters and other media can record […] [Read More]

TrueCar positioned its latest research project to coincide with the opening of the 2022 North American International Auto Show in Detroit, as the Motor City has been charged up with electric vehicles and a visit from President Joe Biden, who quipped, “You know, you all know I’m a car guy. “I’m here because the auto […] [Read More]

And now for the next installment of Auto Remarketing's 40 Under 40 program. This time, we feature the 2022 honorees in “40 Under 40: Industry” program, which is sponsored by IAA and focuses on the consignors, auctions, auto finance, vendors, tech companies, associations and other players within the used-car space. Honorees will be spotlighted in the upcoming October […] [Read More]

Despite a projected double-digit climb in retail used-vehicle sales in August versus July, dealers are souring on their prospects for retail success during the third quarter. Cox Automotive compiled a variety of information connected with dealerships and their used-vehicle operations, including the newest Cox Automotive Dealer Sentiment Index (CADSI). To gauge the pace of used-vehicle […] [Read More]

In another episode originating from this year’s NAAA annual convention, Cherokee Media Group senior editor Joe Overby caught up with Sandy Moon and Danny McNelis of NextGear Capital. They delved into more detail about the auction services group that NextGear Capital launched earlier this year as well as other subjects connected with dealerships and their […] [Read More]

According to research conducted by ValuePenguin, the states where people look to buy the oldest used vehicles are evenly split among the Midwest and West. The insurance division of LendingTree pinpointed the Top 10 states and markets where consumers are seeking to take delivery of older models. Overall, researchers found that the average age of […] [Read More]