Automakers are trimming car models from their new-vehicle lineups, and this has led to fewer and fewer affordable alternatives in a market where transaction prices reached record levels last month. That, says Edmunds, “will create a barrier to entry for many consumers and force them into the used-car market.” Perhaps to the tune of close […] [Read More]

Karl Brauer describes Toyota Prius owners as eco-minded consumers who want to hold on to their vehicles as long as they can. Owners of Priuses who have kept their vehicles on the road for at least 15 years are early adopters of hybrid vehicle technology, said Brauer, who is executive analyst for iSeeCars.com. “Priuses also […] [Read More]

Jantoon Reigersman has been appointed chief financial officer for TrueCar, with the company’s president and chief executive officer Mike Darrow saying Reigersman will help align the company’s business and financial strategies toward TrueCar's next chapter of growth and profitability. Reigersman said he looked forward to joining TrueCar during what he described as a pivotal time […] [Read More]

Automotive F&I products provider and administrator APCO Holdings announced initiatives to improve diversity and equity within the company, including the formation of a diversity and inclusion council that has launched new inclusion and unconscious bias training courses required for all employees. APCO said the company plans to continue building a stronger culture of inclusion. “As […] [Read More]

 The new year is here, but for many people, COVID-19 continues to have an economic impact, said David Wurster, president of data company, Vincentric. “It's more important than ever to make informed and intelligent financial decisions,” Wurster said in a news release. To help consumers do that, Vincentric named the winners of its 17th annual […] [Read More]

As we enter a new year, the occasion often allows us some time to reflect on the old and celebrate the new. I’m happy to say that with the January edition of Auto Remarketing, we do both! This year signals the hallmark 30th anniversary of this publication that is focused on providing great information and […] [Read More]

After falling 7% in 2020 but still remaining relatively strong, certified pre-owned sales are likely to bounce back in 2021 to what would be one of the strongest years on record, according to Cox Automotive. There were 2.6 million certified sales in 2020, down from 2.8 million in 2019, says a Cox Automotive analysis of […] [Read More]

Last year, 57% of car buyers conducted most of their vehicle purchases online, according to an August survey from Cars.com. Several of those buyers decided on contactless home delivery from their local dealership. That is one of the top five trends advancing the auto space in 2021 and beyond, according to Cars.com, which said the […] [Read More]

Look for used-car sales to go slightly north of 40 million units in 2021 after a slower year in 2020. More specifically, TrueCar is forecasting 40.05 million total used-car sales for this year. On the new-car side, the company is projecting 16.0 million total sales this year, with 13.9 million of those being retail sales. […] [Read More]

In December 2019, we were celebrating a year of big digital growth in the wholesale industry. I had spent the year talking about how digital wholesale would soon reach a tipping point where the majority of purchases would be made by digital buyers, and adoption would start to grow at faster pace. We rang in […] [Read More]