June marked another 45% year-over-year increase in the number of new vehicles being sold into large rental, commercial and government fleets, according to Cox Automotive. And as it turns out, that’s also pretty good news for the used-car market ... [Read More]

The latest surveys show American consumers are poised to buy electric vehicles in record numbers as manufacturers race to introduce new electric models into the market. But that’s not the whole picture, according to research from Cox Automotive. While Ernst & Young’s EY Mobility Consumer Index reported that almost half (48%) of U.S. potential car […] [Read More]

Third-party logistics brokerage Montway Auto Transport has partnered with digital remarketing technology provider Auction Edge to make transportation ordering for auction purchases accessible through EDGE Pipeline. The company said its “one-click” solution for vehicle transport in now available at select auctions within the platform. The collaboration is designed to enable dealers to efficiently manage their […] [Read More]

Black Book observed signs of what analysts called the “summertime slowdown,” as last week included the Fourth of July. While some auctions and dealers might have backed off a bit because of the holiday falling on a Tuesday, Black Book still saw another 0.47% decline in wholesale values. Analysts added the estimated average weekly sales […] [Read More]

For the second time this year, Cherokee Media Group’s Nick Zulovich had the opportunity for an in-person conversation with Agora Data’s Steve Burke on the Auto Remarketing Podcast. Connecting at NIADA’s annual convention in Las Vegas, Burke described how dealership finances are nowadays and other circumstances impacting buy-here, pay-here operators. The conversation can be found […] [Read More]

The American Financial Services Association and five other trade associations are pushing back against a proposed statement of policy regarding prohibition on abusive acts or practices released by the Consumer Financial Protection Bureau this spring. To recap, the bureau said an abusive act or practice either “materially interferes with the ability of a consumer to […] [Read More]

Lucinda Underwood, owner managing director of Kickstart Coaching and Consulting, joins the Canada Used Car Week Podcast Stage for this latest episode of the Auto Remarketing Podcast. She talks with Cherokee Media Group senior editor Joe Overby about her boutique training company that specializes in sales and leadership training for auto dealerships. They discuss her […] [Read More]

Perhaps it’s the lower price point, more vehicle options available, increased consumer comfort level or some combination of factors. But while still just a sliver of the overall used-car market, sales of pre-owned electric vehicles are making marked improvements for dealers and other retailers. There were an estimated 41,341 electric vehicles sold in the retail used-car market in the second quarter, according to a late-June presentation from Cox Automotive. While flat from the first quarter and representing just a 0.9% share of total used-car sales, the Q2 used EV sales tally was ... [Read More]

On Friday, Dealer eProcess appointed a new vice president of growth strategy with a seasoned professional who has made a significant impact at companies like Roadster, CDK Global and Edmunds. Taking on the position for the provider automotive websites and innovative marketing solutions is Tracy Fry. The company said Fry will play a pivotal role […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from the Canada’s Used Car Week podcast stage in June is a conversation with Frank Zombo of Auto Hauler Exchange, a startup in the vehicle transport space. The US-based company, which launched more than a year ago, has built a marketplace that uses technology to […] [Read More]