A research study by Global Market Insights made available this week indicated that the worldwide used-car market is expected to surpass $2 trillion by 2028 Firm experts said a substantial increase in urbanization supported by vehicle ownership trends is likely to augment the industry growth. Global Market Insights mentioned in a news release that the […] [Read More]

A spider and wizard teaming up at a castle sounds like something out of a “Harry Potter” book, but in the case of the used-car market, it’s all about reconditioning and efficiency. Black Widow, which provides automated vehicle imaging, said Wednesday it has partnered with Dent Wizard, which provides vehicle reconditioning services. Under the partnership, […] [Read More]

Expect April to finish with a softer used-car sales tally. Same goes for new cars. TrueCar released its monthly analysis of car sales Wednesday and said it expects there will be … [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from this year’s Auto Intel Summit. The next episode in this series features a discussion about remote work and increasing delinquencies, featuring George Hunter of American Credit Acceptance,  John Sibbitt of Recovery […] [Read More]

Along with detailing another procedural rule, the Consumer Financial Protection Bureau (CFPB) found another potential way to examine your operations and potentially take actions against your company. This week, the CFPB announced that it is invoking a largely unused legal provision to examine nonbank financial companies that the bureau believes can pose risks to consumers. […] [Read More]

If your dealership or finance company has an online path for potential vehicle buyers to apply for credit, Cox Automotive said 96% of individuals surveyed are willing to do so. However, the inaugural Cox Automotive Car Buyer Financing Journey Study also found that only 29% of buyers applied for financing online for their most recent […] [Read More]

Our special episodes of the Auto Remarketing Podcasts featuring general sessions from this year’s Auto Intel Summit — an added benefit for Cherokee Media Group Premium Members — continue with a quartet of top finance company executives. During this panel moderated by RouteOne’s Justin Oesterle, the conversation includes Stephanie Alsbrooks Hanson of Tricolor Financial, Joanna […] [Read More]

You ever go to a restaurant, realize the waiting list is too long and decide to try the place next door, instead? That was the case for some vehicle buyers in March, where wait times for certain new electric vehicles pushed them to used. Granted, high fuel costs were a major and perhaps the largest […] [Read More]

With many locations still paying more than $4 for a gallon of gas, Black Book is noticing that car values are climbing at a rate, “larger than the typical increase for this time of year.” In the newest installment of Market Insights, Black Book analysts pegged car values rising by 0.23% during the week that […] [Read More]

Sonic Automotive has opened a delivery center for its EchoPark Automotive used-car store program in Georgia’s second-biggest city. The delivery center in Columbus, located in the western part of the state near the Alabama border, is the 38th overall EchoPark location and its fourth in Georgia. There is also a delivery center in Augusta, along […] [Read More]