If the latest analysis from Edmunds is any indication, car dealers may be inclined to hold on to those trade-ins with 100,000 or more miles. Cars with that level of mileage are selling at considerably higher prices and with quicker turn times than they were a year ago. Vehicles with 100,000 to 109,999 miles fetched […] [Read More]

PureCars chief executive officer Jeremy Anspach is back on the Auto Remarketing Podcast to talk about his new book, "Blind Spots: A Guide To Eliminating Today’s Automotive Digital Media Waste." Plus, we talk about PureCars' recent acquisition of truPayments and what that means for the company. PureCars announced its acquisition of truPayments in a move […] [Read More]

Cherokee Media Group — parent company of Auto Remarketing, Used Car Week and related auto industry publications, events and media brands — has named an executive vice president of events and marketing. Promoted to the newly created role is Amanda Dunlap, who has been with CMG for close to two decades, most recently as publisher. Dunlap […] [Read More]

Tight used-car supply and a stretch of record wholesale prices are having an impact beyond the auction lanes and other wholesale channels. They’re also leading to lower retail sales. According to analysis around Cox Automotive’s Manheim Used Vehicle Value Index, there was an 11.1% decline in total used-car sales last month. The seasonally adjusted annual […] [Read More]

It’s like the old proverb, “a bird in the hand is worth two in the bush.” Or to put it in automotive parlance, that late-model car a consumer can get their hands on now could be worth more to them than a new version of the same model, holed up in production delays or lack of […] [Read More]

As we put together this third installment of “The State of the Used Car Industry” in late June, it appears life — societal, economic, automotive and otherwise — is slowing getting back to normal (fingers crossed; knock on wood). And as the used-car industry emerges from the COVID-19 pandemic, we take an in-depth look at […] [Read More]

We went straight to the orchestrator of the 2021 Cox Automotive Dealership Staffing Study for this episode of the Auto Remarketing Podcast. Cox Automotive senior industry intelligence manager Angela Drake shared additional insight about the study, which was initially distributed on Monday. To hear the conversation, click on the link available below, or visit the Auto Remarketing […] [Read More]

CarGurus discovered consumers are becoming more interested in autonomous vehicles (AVs), but the majority still isn’t ready to take its foot off the gas and hands off the wheel completely On Thursday, site officials released details of the CarGurus Self-Driving Vehicle Sentiment Survey that compiled and analyzed consumer feedback on AV-related topics such as comfort […] [Read More]

While perhaps not as light as their inventory levels nowadays, dealerships appear to be short on personnel, too, especially in the departments that generate the most store revenue. Like many industries, Cox Automotive indicated, the U.S. automotive retail segment is struggling to find enough employees for dealerships to be fully staffed, much less meet their […] [Read More]

The “once-in-a-lifetime environment” for dealerships changing hands doesn’t appear to be dissipating. At least it didn't in the first quarter. Kerrigan Advisors highlighted the dealership buy/sell market once again set records to begin 2021, a result of a unique confluence of market factors that resulted in 66 completed transactions, up 20% quarter-over-quarter. The firm indicated […] [Read More]