For this episode of the Auto Remarketing Podcast, Cherokee Media Group president Bill Zadeits and senior editors Joe Overby and Nick Zulovich share a conversation. Not only did the trio give a glimpse of the engaging conversations on deck for Used Car Week that begins on Nov. 15 in Las Vegas, but Bill, Joe and […] [Read More]

Wholesale used-vehicle values ended the third-quarter with a record setting year-over-year increase in September and more increases are expected into next spring’s tax season, predict industry analysts. The Manheim Used Vehicle Value Index stood at 204.8 in September, a 27.1 % increase over the September 2020 reading and 5.3% higher than the previous month. The […] [Read More]

It’s a good thing the remarketing industry is preparing for more electrics and hybrids to hit the market, because those alternative-powertrain vehicles continue to be among the faster sellers in the retail used-car market. With an average turn time of 16 days-to-sell, the Tesla Model 3 was the fastest-selling used vehicle in September, according to […] [Read More]

Evidently, thieves now have an affinity for trucks. On Tuesday, the National Insurance Crime Bureau (NICB) released its annual Hot Wheels report, identifying the top 10 most stolen vehicles in the United States in 2020. For the second year in a row, NICB said the Ford full-size pick-up was the model most targeted by thieves, […] [Read More]

Another blockbuster acquisition in the used-car space surfaced Tuesday, this time involving both the retail and auto finance segments. Vroom said it has reached a deal to purchase United Auto Credit Corp. for $300 million in cash, subject to adjustment depending on the closing book value of United Auto Credit. The acquisition would further push […] [Read More]

Millennials, the largest and most diverse generation in the U.S., are beginning to buy cars in greater numbers. But it’s not clear how well dealerships will be able to serve their needs with business as usual. For years the automotive industry has speculated that millennials would be the downfall of retail automotive and a bellwether […] [Read More]

I’ve been reporting on the auto industry for 14 years, but even armed with an insider’s knowledge, I still find the car-buying process to be stressful. But the auto industry, in general, recognizes that many consumers feel this way. And dealers, automakers and other entities within retail automotive have made great strides to put folks […] [Read More]

Cox Automotive’s measure of wholesale vehicle prices reached a new all-time high in September, passing the record set in the spring and defying prior expectations amid continuing car supply challenges driven by multiple macro factors. Specifically, the Manheim Used Vehicle Value Index came in at 204.8 last month, which beats the year-ago reading by 27.1%. […] [Read More]

The newest addition at Cherokee Media Group knows first-hand how complex and fast-paced the used-vehicle industry is. Dana Nusbaum previously worked at IAA’s facility in Wilmington, N.C., performing every job function from title work to writing condition reports to even climbing aboard a forklift to move salvage vehicles. Now Nusbaum is an account executive with […] [Read More]

The main segments of CarGurus most recent COVID-19 sentiment study came in groups of three, as analysts spelled out short-term and long-term trends as well as recommendations for dealerships. CarGurus highlighted that this research project is the latest iteration in a series of previous studies that were run in April, June and November of last […] [Read More]