The auto industry often talks about the idea of being "better" in the market, but in truth there still is a lot of work to do to before automotive can catch up with other verticals. Time and again, "better" is a marathon and not a sprint — it’s a continual, ongoing drive to fix what is broken, […] [Read More]

Editor's note: This is Part II of a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "2022 Used Car Kickoff" issue. This two-part piece focuses on the National Automobile Dealers Assocation, National Auto Auction Association, American International Automobile Dealers Association and International Automotive Remarketers Alliance. Part I can be found here. The issue will […] [Read More]

Editor's note: This is Part I of a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "2022 Used Car Kickoff" issue. This two-part piece focuses on the National Automobile Dealers Assocation, National Auto Auction Association, American International Automobile Dealers Association and International Automotive Remarketers Alliance. The issue will also feature the National Automotive Finance Associaton. Receivables Management […] [Read More]

Much like the Eric Church song, the used-vehicle market was “having a record year” in 2021. That includes the Manheim Used Vehicle Value Index, which reached an all-time high of 236.2 in December and beat the prior-year reading by 46.6%. Wholesale prices, when adjusted for mix, mileage and seasonality, climbed …  [Read More]

The numbers are not yet final, but it appears 2021 will not end up as a record year for certified pre-owned vehicle sales. However, there will likely be a best-ever 3.0 million certified vehicles sold in 2022, in what is expected to be the finale of peak CPO. That’s according to Cox Automotive analysts who […] [Read More]

Coinciding with Wisconsin-based First Business Bank making headway in the South with its floorplanning, digital auto auction marketplace EBlock announced a key partnership with Kinetic Advantage, a provider of floorplan technology. With soft wholesale volume and high prices in the lanes, EBlock and Kinetic Advantage said this week through a news release that their partnership will […] [Read More]

Though slower than November, the used-car retail sales market last month was expected to rise 3% year-over-year, according to a late December forecast from TrueCar. The company was predicting roughly 3 million used-vehicle sales in the final month of 2021, which would represent a 2% month-over-month decline but a 3% gain from December 2020. And how […] [Read More]

If there was ever any doubt as to what segment draws the most attention in the used-vehicle market, let it be put to rest. Each of the top three best-selling used vehicles in 2021 were full-size pickup trucks, according to an analysis from iSeeCars.com. [Read More]

Here is some potential good news for dealers when it comes to used-vehicle inventory: they might be able to source more consumer cars this year. According to 2022 State of the American Driver report from car ownership app Jerry, 58% of drivers said they would consider selling their vehicle this year. [Read More]

The Cherokee Media Group team wishes you a safe and happy holiday season and a joyous new year. This issue of Used Car Weekend will be the final regularly scheduled e-newsletter from our team in 2021 before we take a holiday break. We thank you for your interest, support, readership and feedback this year. The Auto Remarketing e-newsletters will resume […] [Read More]