The automotive topic de jour — low vehicle supply, driven by a chip shortage, among other factors — is certainly at play in the iSeeCars.com list of fastest-selling used vehicles in January. But there’s another major macro-economic driver leading to many of these cars flying off dealer lots: good ol’ fashioned high gas prices. The […] [Read More]

A new department several months in the making now is a part of NextGear Capital. To strengthen its business relationships with the auction partners that support the inventory needs of its independent dealer clients, NextGear announced on Wednesday that has created an auction services department. The company explained through a news release that planning for […] [Read More]

Alternative forms of used-car retailing were on full display Sunday night during Super Bowl LVI, with Carvana and Vroom both showcasing advertising spots. Now another relatively new business model in the pre-owned space — consignment-to-retail used-car marketplace CarLotz — is making some advertising waves. The company said Tuesday it has launched new marketing for the […] [Read More]

Tight supplies and more competition for a shrinking pool of cars. That’s the story in the wholesale vehicle market these days Auto auctions had approximately 227,000 sales of vehicles up to 8 years in age last month, which was down nearly … [Read More]

Friendemic analyzed more than 52,000 reviews posted online by CarMax and Carvana customers, with the goal of understanding how consumers rate and describe their experience when engaging with these retailers. The online reputation solution provider built specifically for the needs of the automotive and powersports industries discovered many customers greatly enjoyed their experience with CarMax […] [Read More]

It may seem counterintuitive, but in January, asking prices for used vehicles from the 2020 and 2021 model years were 1.3% higher on average than the new-car editions from 2021 and 2022 model years. That’s according to a report from iSeeCars.com, which analyzed 1.5 million sales of these vehicles last month. “While choosing a lightly […] [Read More]

Both Black Book and Manheim so far this week shared their observations about the notable and somewhat sustained softening wholesale used-vehicle prices are making. Their contemporaries from Kelley Blue Book and TrueCar are noticing similar movements involving new models. New-vehicle average transaction prices (ATPs) decreased to $46,404 in January, according to new data released on […] [Read More]

Much of the national automotive conversation of late has involved automakers’ plans for electric vehicles, including the advertising lineup in store for Super Bowl LVI. But two separate announcements coming out of the Raleigh, N.C., area this week exemplify the boots-on-the-ground and diverse array of moving parts involved in making widespread EV adoption a reality. […] [Read More]

Vroom is back. Carvana is joining the fun. Automakers are going full throttle, so to speak, with electric vehicles. Super Bowl Sunday will have a lot of action beyond the field and much-anticipated halftime show. Lauren Donalson of PureCars joins the Auto Remarketing Podcast to talk about the automotive ad landscape for Super Bowl XLI, […] [Read More]

The kickoff to Super Bowl LVI is right around the corner, and automotive marketers have been laser-focused on this year’s game, clamoring for any remaining commercial time knowing that NBC has virtually sold out all spots. Even back in July, NBC announced that the Feb. 13 game had already sold out 85% of the ad slots. […] [Read More]