Cherokee Media Group’s Bill Zadeits — who many industry leaders consider to be as cool as Will Smith — will also be saying, “Welcome to Miami” next spring.

On Tuesday, Cherokee Media Group officially announced plans to host the Used Car Industry Summit on April 13-15 at Miami’s premier waterfront destination: the luxurious InterContinental Miami.

Built on the success of Used Car Week, the Used Car Industry Summit will highlight the best of the used-car industry. With an emphasis on retail, remarketing, and auto finance, Zadeits said this event is designed to offer a more focused networking experience for business-building conversations and stronger connections.

“The Used Car Industry Summit represents an expansion and growth of our annual April meeting and will be the spring event for the used-car industry. Dealers, lenders, the remarketing industry, vendors and suppliers all will enjoy the ease of travel to an East Coast location and Miami is the ideal fit,” Zadeits said. “Building on the tremendous Used Car Week brand, blended with new topics and a fresh approach, we are very excited for what UCS will bring to the industry.”

Part of that expansion is multiple conversations and presentations focused on used electric vehicles. Tailored to benefit dealerships and other entities that might touch a used EV, Cherokee Media Group is collaborating with Recurrent, an Emerging 8 honoree in 2022 that analyzes electric vehicle battery health.

Recurrent chief executive officer Scott Case explained how enthused dealerships and their used-car managers should be about the volume of electric vehicles that are now being leased and will eventually return to become quality inventory.

“The number of off-lease EVs is poised to triple next year because we’re approaching the three-year anniversary of the EV lease origination wave caused by the Inflation Reduction Act,” Case said. “And it increases year over year from there for the next four years. In a world where new EVs are likely to increase in price due to tariffs and rebate removals, and consumers are still scared about older used EVs, the 3-year old, off-lease EV, is going to be the sweet spot next year.”

Case elaborated about how important it is for dealerships to plan for how to structure their strategies for a potential well of nice used EVs coming.

“We have less than six months before the surge of EV lease returns begins. Some of the leading OEMs, captives and dealerships are working out the details of EV-specific remarketing strategy right now — from lease-end inspections to decisioning on distribution channels to pricing to CPO programs,” Case said.

With discussions about EVs, retailing, financing and more, coupled with the scenic and popular destination of Miami, Cherokee Media Group said the Used Car Industry Summit will offer a relaxed setting, a fresh approach, and a new opportunity for the used-car industry to network, exchange ideas, gain strategic insight, and shape the future of the used-car business.

More details can be found at https://www.usedcarsummit.biz.