It’s decision time, crafting a long-term plan versus making short-term gains. First, we need to look at our “short-term gain” decisions we made back in 2020. New cars were at a premium that year, and many dealers decided to “make hay while the sun shines” so, according to NADA, as a result, the new per-vehicle […] [Read More]

Where’s the most EV-friendly place to own a home? Not surprisingly, it’s in California, according to a report from Realtor.com and Cox Automotive. In fact, the 2024 Realtor.com Housing Market and Electric Vehicle Report found three of the top 10 and eight of the top 20 housing markets for EV ownership are in the Golden […] [Read More]

Amid an ocean of affordability challenges in the used-car retail market, a droplet of “hope” remains. In fact, Kevin Roberts of CarGurus said it’s possible for average used-car prices to show a double-digit-percentage decrease, even as headwinds keep them above pre-COVID levels. “While it’s still challenging to find that elusive affordable car, there’s hope for […] [Read More]

Regardless of the obstacles, dealership groups are determined to keep growing. That’s the big takeaway from Kerrigan Advisors’ newly released 2023 Blue Sky Report, which showed dealership buy-sell activity up 6% year-over-year, with a record 397 completed transactions in 2023. Among those sales, the sell-side advisors for auto dealers said, was the third-largest transaction in […] [Read More]

Wholesale vehicle prices last month were down double-digit-percentages from March 2023, but whether the close of the first quarter represented a strong spring market is up for some debate. It may depend on which industry index you’re observing. Still, a common theme of “normalcy” certainly has emerged in the used-car market. On Monday, Black Book […] [Read More]

Electric-vehicle naysayers likely harp on challenges such as outdated and insufficient infrastructure, alongside environmental regulatory programs, as hurdles to continued expansion of EVs and battery manufacturing in the U.S. U.S. law firm Troutman Pepper acknowledged those elements and other risks undermining EV adoption in its new industry report released on Monday. But Troutman Pepper also […] [Read More]

You can’t win a game in the first quarter, but it never hurts to have a hot start. And that’s exactly what the auto auction market did to begin the year. Wholesale auction sales volume in the first three months of 2024 represents the strongest first quarter in four years, according to AuctionNet data from […] [Read More]

There’s an anniversary coming up this summer. But it’s not exactly one the used-car business — and especially the certified pre-owned segment — is looking forward to. During Cox Automotive’s Q1 2024 Industry Insights and Sales Forecast conference call in late March, senior director of economic and industry insights Jeremy Robb noted that the severe drop in auto leases caused by the COVID pandemic is about to start coming home to roost ... [Read More]

On Tuesday night, ATI Auto Business founder Jay Wertzberger used his weekly online livestream show to host six speakers who are scheduled to appear during Cherokee Media Group’s Auto Intel Summit + National Remarketing Conference. Wertzberger brought this group together to give viewers a preview of the event scheduled for April 23-25 in Cary, N.C. […] [Read More]

Courtesy of the internet, smartphones and other technologies, consumers know more about vehicles and how to acquire them than ever. Six primary findings from the sixth annual U.S. Consumer Insights Report from CarGurus reinforced this market condition. The digital auto platform for shopping, buying, and selling new and used vehicles sought to learn more about […] [Read More]