Put two seemingly identical used vehicles side by side. Just by looking at them, could you tell which one was a better value? Without knowing their histories, probably not. That’s part of the message of a new CARFAX television ad campaign that aims to show “how using accident and damage history can ensure accurate vehicle […] [Read More]

With plans to expand the facility by updating the showroom, adding more service capacity and increasing the display area for new- and used-vehicle inventory, Zeigler Automotive Group announced the acquisition of its 31st dealership this week. Zeigler finalized a deal with Francis and Ralph Mauro of the International Autos Group to purchase International Subaru of […] [Read More]

Byrider chief executive officer Craig Peters and vice president of franchising Chris Hadley stopped by for this episode of the Auto Remarketing Podcast, highlighting not only the company’s successes through the pandemic but also the growth potential through its revamped franchisee program. To hear the conversation, click on the link available below, or visit the Auto Remarketing […] [Read More]

It appears subprime consumers took most advantage of refinancing availability in April provided through RateGenius. Soon after Cox Automotive discussed last month’s credit availability at the time of origination, RateGenius released its monthly Auto Refinance Rate Report, which highlighted that the average overall auto refinance interest rate grew to 6.45% in April The firm noted […] [Read More]

When we first asked car buyers if they would like to buy their next vehicle online, it was late 2019 and only 12% of Canadian used-car buyers were ready to buy entirely online. Since then, the process of buying a vehicle has changed substantially. Dealerships have even found themselves having to operate “by appointment only,” serving […] [Read More]

After launching its first market in Washington earlier this month, Carvana added seven new markets in the state on Wednesday. The online has now added 26 new markets since late April and is on the cusp of having 300 cities in its coverage. Last week, Carvana added two more markets in Louisiana (Shreveport and Monroe) […] [Read More]

Editor's Note: This is a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "Beyond the Transaction" special supplementary issue. Even in a wholesale auto industry that’s increasingly going digital, it’s never really quite as simple as “push a button, buy a car.” Be it at a physical auction, through an online auction or any other […] [Read More]

Despite tight inventory, total used-vehicle sales in April were up 69% compared to April 2020, according to my colleague, Cox Automotive chief economist Jonathan Smoke, who is forecasting full-year retail used-vehicle sales will reach 21.5 million, an increase from 19.7 million in 2020.  At 60,000 strong, independent dealers are the backbone of our industry and […] [Read More]

TransUnion is pretty bullish about the future prospects for the subprime segment of auto financing. While discussing the metrics contained in the Q1 2021 TransUnion Industry Insights report, senior vice president and automotive business leader Satyan Merchant explained how that data coupled with a handful of other trends could lead to a lift in originations […] [Read More]

Editor's Note: This is a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "Beyond the Transaction" special supplementary issue. Scott Johnston said capacity constraints are a top issue in the vehicle transportation industry today. Putting it simply, that means too many vehicles to move. “And not enough transport trucks to move them,” said Johnston, who […] [Read More]