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]

How should we think of certified pre-owned? Is this a used, new  or a new used vehicle, or should we stick to calling it “like-new?” Regardless of what we classify as CPO, we accept that CPO vehicles can be some combination. We treat it like a different product. How we market, advertise, label and sell these vehicles somehow […] [Read More]

Down, but not out. That’s one consensus from two reports in the past week from Cox Automotive examining the general state of affairs in the used-car market. The pace of used-car sales last month improved from May, but thanks to high interest rates, fuel costs and price tags, actual sales volumes are … [Read More]

Summer temperatures have heated up, and so too, have wholesale values. Used-car prices have started July up slightly from June on an adjusted basis and maintain a sizable premium over where they were ago. That’s according to the mid-month reading of Cox Automotive’s Manheim Used Vehicle Value Index, which came in at … [Read More]

Probably not many individuals would dispute the point that Cox Automotive has vast of number of resources. Anyone who walked through the expo hall at NADA Show 2022 could literally see that with their own eyes. As a result of those resources, we here at Cherokee Media Group receive multiple messages regularly from the Cox […] [Read More]

Jeremy Beck is vice president of sales operations for APCO Holdings and brings more than 20 years of experience in the automotive industry to the EasyCare and GWC Warranty training teams. Previously, Beck was a national training manager with F&I expertise and spent more than 14 years in various retail positions, from sales to managing […] [Read More]

The entire auto industry has been impacted by recent trends in the current business environment, including COVID impacts and labor shortages, supply chain hiccups and more. And perhaps no branch of the industry has been affected as much as the vehicle transport and logistics side of the business. COVID restrictions, a shortage in drivers and […] [Read More]

Mike Black and others in the auto industry know that supply chain and other issues that have hit the industry as a result of the pandemic have not eased up. Black, who is chief executive officer of Dent Wizard, mentioned various issues that have negatively affected the vehicle reconditioning industry and the auto industry as […] [Read More]

Retail vehicle demand has slowed, so that should lead to lower wholesale prices — right? Not necessarily, says Black Book. On Wednesday, the company released its Used Vehicle Retention Index for June, which climbed 1.5% month-over-over and 15% year-over-year to reach 191.5 points. That’s also 67% higher than pre-pandemic levels. All this amid slower retail […] [Read More]