Many participants in a recent consumer sentiment study show a keen interest in car shopping, and they enjoy the process. But when price negotiations begin, their feelings turn decidedly negative. “What should be a fun and exciting experience for consumers, continues to be a source of angst and stress,” automotive research and vehicle listings marketplace […] [Read More]

From a numbers standpoint, the outlook for used-car sales in March is a bright one. But the pre-owned market may not be immune to fallout from supply challenges currently facing the new-car market.  TrueCar is forecasting 3.6 million used-vehicle sales this month, which would beat February figures by 1% and eclipse year-ago numbers by 104%. It […] [Read More]

Looking at new data from Vroom on the top 10 most purchased used electric vehicles across the country, one trend in particular stands out. Three of the top 10 vehicles are Teslas. Why is that? In an interview with Auto Remarketing, Vroom chief executive officer Paul Hennessy provided a concise reason. “It’s just an outstanding […] [Read More]

They have been called startups, disruptors, online retailers and ecommerce platforms throughout their young histories. But Cox Automotive has a new name for companies like Carvana, Shift and Vroom: “New Form Online Retailers,” or NFORs. And even beyond relatively recent forays into the public markets (Vroom’s initial public offering and Shift’s SPAC merger in 2020; […] [Read More]

The pickup hauling material at the construction site. The truck that dropped off your packages. The custom vehicle of the plumber or HVAC specialist making repairs at your house. They're all work trucks — a niche segment that has strong potential for dealerships in the business-to-business, commercial space. That's where Work Truck Solutions comes into […] [Read More]

In Auto Remarketing’s  upcoming “Best CPO Dealers in the USA” issue, some interesting statistical nuggets emerge when looking at various automakers’ respective certified pre-owned sales leaders. This feature goes beyond the sales rankings to share some of those stats. We start with Infiniti. Among Infiniti’s top 10 dealers for 2020 certified pre-owned sales, four dealerships’ CPO sales […] [Read More]

Although last month’s sales slowed from a year ago's pace, the certified pre-owned segment remains a bright spot in automotive, says Cox Automotive, which projects CPO will return to 2019 levels this year. In a Data Point report Monday, the company — citing Motor Intelligence — said there were 209,744 certified sales in February. That’s down […] [Read More]

Women’s History Month marks an important occasion to celebrate the achievements of women as well as their contributions to their respective fields. From Bertha Benz’s pioneering long-distance automobile trip in 1888 to Mary Barra’s appointment as CEO of General Motors in 2014, women have a long track record of significant accomplishments in the automotive realm. […] [Read More]

iSeeCars executive analyst Karl Brauer describes the Mercedes-Benz G-Class as “the embodiment of luxury.” As a used vehicle, the Mercedes-Benz G-Class also sells quickly, even with the high average pre-owned price of $140,921. In fact, the  G-Class was the fastest-selling used vehicle in February, according to a new study from iSeeCars. Regarding buyers of vehicles […] [Read More]

In a year like no other, 2020 saw the automotive sector go through major disruptions in production, sales and shifts in key consumer values like dependability and trustworthiness. As a result, a new group of vehicle models are rising to the top in resale value. The J.D. Power 2020 Resale Value Awards are presented to […] [Read More]