Despite record-high wholesale prices and limited supply, used-car sales continued to gain traction in May. Cox Automotive said in a Data Point report last week that there was a [Read More]

May was the fourth straight record month for the Manheim Used Vehicle Value Index, which hit the 200 mark for the first time ever, spokespeople with parent company Cox Automotive confirmed. The index reading for May was 203.0, which beat year-ago figures by 48.2%. [Read More]

In this episode of the Auto Remarketing Podcast, Jessica Lanier, who is vice president of marketing at Manheim and NextGear Capital, joins the show to discuss the digital shift in remarketing and the message of Manheim's "Our Mission is Yours" campaign.  Plus, we discuss lessons learned from the pandemic and much more. To hear the conversation, click […] [Read More]

Along with delving into some data showing average credit scores, Experian’s Q1 2021 State of the Automotive Finance Market report also revealed the top 10 new models leased during the first quarter as well as the top 10 states where leasing originated. Perhaps one day coming back into the market as potential certified pre-owned units, Experian […] [Read More]

Even as vehicle supply remains short and prices hit record highs, demand continues to surge in the used-car market. TrueCar was forecasting that May’s retail used-vehicle would end up beating year-ago figures by 13% and besting April’s by 4%. The firm is projecting that once final numbers are tallied …  [Read More]

The used-car market is usually a steady one, which makes this year’s price surge all the more “unparalleled,” as iSeeCars.com details in an analysis released this week. For instance, used-vehicle prices climbed just 0.1% year-over-year in April 2020, according to iSeeCars. In April 2019, they dipped just 0.2%. However, in April of this year, there […] [Read More]

AAA Travel expects a significant rebound in the number of Americans planning to travel this Memorial Day holiday weekend. And if they haven’t already visited your service drive for maintenance, customers might be coming soon since AAA said more than 37 million people are expected to travel 50 miles or more from home, an increase […] [Read More]

There are more vehicles being impacted by recalls, and with cars becoming even more advanced these days, the process to remedy may become more complicated. The number of automotive recalls to begin 2021 was consistent with average quarterly figures from last year, according to the latest product recall index from Sedgwick. At 13.5 million units, […] [Read More]

Long gone are the days when your used-vehicle inventory was filled with units equipped only with hand-crank windows and cassette players. Now your store salespeople likely are highlighting late-model features such as collision detection and repair notifications. Industry experts at Urgently predict that by the end of this decade, nearly all new vehicles sold globally […] [Read More]

Summertime is typically one of the busiest times of the year for both new- and used-car sales as people are gearing up for vacation or getting ready for the upcoming school year. With inventories of cars and trucks in much shorter supply heading into holiday weekends like Memorial Day or July Fourth, this summer may […] [Read More]