While maintaining its forecast for overall used-car sales, Cox Automotive has trimmed its projections for certified pre-owned vehicle sales, as competition for acquiring CPO-worthy inventory intensifies. Analysts with the company said in a presentation this week that they are now projecting 2.8 million CPO sales for 2022, down from the 3.0 million unit forecast they […] [Read More]

Black Book said the estimated average weekly sales rate continued to climb, as during the timeframe that concluded on Saturday, it stood at 67%, marking a similar rise they saw last week and “another positive indicator for a spring market.” Analysts rattled off several more reasons why spring might be germinating in the wholesale market […] [Read More]

Automotive Ventures founder and chief executive officer Steve Greenfield is back on the show to share more details about the new Automotive Ventures DealerFund the company launched earlier this month. Greenfield explains the "aha moment" that prompted Automotive Ventures to start this fund, how the capital would be used, how dealers are building technologies, the […] [Read More]

During this episode of the Auto Remarketing Podcast recorded this month at NADA Show 2022 in Las Vegas, Ian Isch, executive director of sales and leader development at Edmunds, explained how record used-vehicle prices have complicated the negotiation between dealers and potential buyers about an appraisal and trade-in value. Isch also shared his main recommendations […] [Read More]

Credit availability for auto financing in February rose to the highest level that experts have seen in seven years. But fueled in part by soaring prices, including for new vehicles, conditions prompted one expert to project that the U.S. economy is “in for some spring chills.” That’s the gist of recent analysts from Cox Automotive, […] [Read More]

Recognizing the dealers leading the certified pre-owned car business, the April edition of Auto Remarketing  is our annual issue spotlighting "The Best CPO Dealers in the USA." We reached out to automakers across the CPO spectrum and requested their respective top 10 certified dealer lists based on full-year 2021 sales.  Below are the brand-by-brand CPO rankings. Listings include […] [Read More]

We continue our podcast series from NADA Show 2022 in Las Vegas with an interview of Tim Cox, co-founder and chief evangelist at CarNow. Tim talks with senior editor Joe Overby about CarNow's new real-time retail platform launch, the biggest challenges for car dealers right now, accepting cryptocurrency and much more. To listen to this episode, […] [Read More]

Holman Enterprises, a global automotive services company that includes such entities as the Holman Automotive dealership group and the ARI fleet management company, said Monday it is unifying its seven business units under one brand: Holman. In addition to Holman Automotive and ARI, the company also includes Auto Truck Group, Kargo Master, Holman Parts Distribution, […] [Read More]

CarGurus said Monday it has brought the CarGurus Instant Max Cash Offer platform to four additional states, meaning the online car-selling solution is now available in 27 states and Washington, D.C.  The latest launches were in North Carolina, South Carolina, Ohio and Arizona.  The company said CarGurus Instant Max Cash Offer now reaches about 81% […] [Read More]

Cherokee Media Group proudly announced the next group of selections for the Emerging 8; an award program that honors companies that improve a specific aspect of the automotive industry through technology. These honorees are on the cusp of automotive innovation and tech development. They’re all “on to something” that could turn the dial on their […] [Read More]