With dealer inventories tight, it’s getting more challenging for consumers to find the vehicle they want. Swapalease.com shared its second quarter Auto Lease Trends Report on Tuesday, illustrating how the situation is unfolding in that industry segment. Among the key trends Swapalease.com identified in its second-quarter lease data, analysts highlighted: • Tesla searches are up […] [Read More]

Since the early stages of my career, I have strongly disliked being called or thought of as a “female leader.” Those two words used together reminded me that the word “leader” was still thought of as implicitly male. Instead, I prefer to be thought of as a “great leader,” or just a “leader.” As a […] [Read More]

Look for used-car sales this month remain steady with June numbers, but fall 4% from July 2020. That’s according to the latest forecast from TrueCar, which projects 3.7 million used sales for July.    TrueCar is expecting 1.29 million new-vehicle sales this month, which would … [Read More]

While TrueCar analysts assessed what they believe to be the best new-vehicle leasing offers this month, Swapalease.com reported the approval rate compiled last month in connection with consumers wanting to take over a lease. Site officials reported this week that the approval rate in June of vehicle lease credit applicants using Swapalease came in at 67.6%. […] [Read More]

To say that 2021 has been a wild year for the automotive industry so far would be an understatement. Record-low inventories and record-high listing prices have created challenging circumstances for both car buyers and manufacturers. Yet at the same time, these circumstances also have presented a wealth of opportunity for dealerships with available inventory that […] [Read More]

Investors have a renewed interest in the automotive technology space, and as a result, the industry is experiencing a record amount of investment activity.  At this year’s Used Car Week in November, we are excited to announce the launch of the National Auto Venture & Investors Conference (NAVIcon). Teaming with Steve Greenfield, the founder of […] [Read More]

Here’s another positive development — especially for dealerships — that has surfaced because of the pandemic. J.D. Power said vehicle owners remain vastly loyal to their specific brands, in part due to the effects of pandemic lockdowns. Experts made that assertion as part of the J.D. Power 2021 U.S. Automotive Brand Loyalty Study released on […] [Read More]

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]