Almost a year ago, Lotpop founder Jasen Rice said in an episode of the Auto Remarketing Podcast that the certified pre-owned segment could emerge as the post-pandemic “winner” in automotive. While COVID-19 is certainly not over, there is a light at the end of the tunnel. And Rice’s CPO prediction appears to be ringing true, […] [Read More]

Seven sports cars and luxury sport sedans make iSeeCars’ list of the fastest-selling used vehicles for March. The pandemic played a role in the sales success for those vehicles. “High-performance vehicles have been popular during the pandemic to combat boredom and bring joy,” iSeeCars executive analyst Karl Brauer said in a news release. Those seven […] [Read More]

When it comes to electric and hybrid vehicles, consumers are more open to considering new vehicles than they are to considering used versions of those cars. But don’t sleep on the pre-owned segment of alternative-fuel vehicles. As part of the 2021 Electric Vehicle Sentiment Survey from CarGurus, consumers were asked, “Which ways of acquiring an […] [Read More]

It’s one thing for wholesale vehicle prices to “bounce” this time of year. But what happened last month was a “leap,” says Cox Automotive chief economist Jonathan Smoke. After increasing 26.2% year-over-year, the Manheim Used Vehicle Value Index reached an all-time high of 179.2, according to a news release from Cox Automotive. The month-over-month gain […] [Read More]

Experian reported that 2020 closed with used vehicles representing 8.30% of the total lease market. That’s down a bit from the previous year, as 2019 finished with used models constituting 9.01% of the leasing space. Swapalease.com is looking to give the used-vehicle leasing space a jolt with the newest offering the site launched on Monday. […] [Read More]

Nearly three out of four intenders who planned to purchase a vehicle in the next six months said the pandemic changed their plans in some way, according to new research. The top change is that they were more focused on finding a good deal. The new research is from media planner Comscore, and the research […] [Read More]

TrueCar released the eighth wave of its study on the pandemic’s impact on vehicle shopping and vehicle shoppers’ needs, noting that concerns about future potentially diminished income are now a top factor in deterring a vehicle purchase. Meanwhile, the threat of catching or spreading COVID-19 while shopping as a factor discouraging a vehicle purchase is […] [Read More]

With wholesale values surging each week during the month, it probably comes as no surprise that the Black Book Used Vehicle Retention Index for March set a new record. Black Book reported on Monday that its index reading came in at 141.2, representing an 8.9 point (or 6.7%) increase from February. Analysts also noted the index currently stands 23% above […] [Read More]

Nine out of ten vehicle owners say the presence of radio in the dashboard is important to them, according to a new survey. They also say the pandemic has made dashboard entertainment/information more important because listening to music helps ease anxiety from all the bad news and stress in the world. That is especially true for […] [Read More]

The BMW 5 Series is the best car to buy used over new, according to a new study from car search engine iSeeCars.com. The 5 series led iSeeCars’ list of the top 15 cars with the greatest change in price between gently used and new versions. The BMW 5 Series midsize sedan is joined by […] [Read More]