The bucket of used vehicles reaching the retail market these days is of the later-model, higher-quality sort, and many are set up with tech amenities that aren’t too far off from the perks found in new cars. That’s driving many car shoppers to choose pre-owned, says Alex Klein, who is vice president of data science […] [Read More]

Evidently vehicle shoppers in the U.S. will pay a much higher sum for advanced technology in their next new model than their counterparts in places such as Canada, Germany, the United Kingdom and China. And IHS Markit suggested that automakers adjust their strategies accordingly. The firm released a new global survey on consumer preferences for […] [Read More]

As advocates say “hundreds of thousands” of drivers are behind the wheel of vehicles with defective airbags in places like Riverside County in California, multiple online media reports surfaced this week that the maker of those defective airbags — Takata — is expected to file for bankruptcy this month. The development didn’t necessarily surprise analysts […] [Read More]

In Episode 7 of the Auto Remarketing Podcast, Anil Goyal and Jared Kalfus of Black Book call in to talk with Joe and Nick about auto finance, the spring market in used-car values, the off-lease surge and more. Our interview with the pair of Black Book experts was on May 30.  Download and subscribe to the […] [Read More]

The speculation that dealership showrooms and finance company underwriting offices would become desolate because consumers simply would abandon vehicle purchasing for alternative transportation options such as Uber and Lyft appears to be a little bit premature. Experts from Strategy Analytics acknowledged that OEMs are rightfully concerned about the impact the increased usage of these options […] [Read More]

By now, you probably realize that Cox Automotive has some new faces on its analytical front to replace longtime chief economist Tom Webb, who is officially retiring on June 30. You probably also realize that one of those additions has a DJ as an “alter ego.” That would be Jonathan Smoke, Cox Automotive’s new chief economist, […] [Read More]

AutoPacific announced its 21st annual Vehicle Satisfaction Awards, which recognize the most satisfying vehicles in the market. Winners are selected by measuring how satisfied car owners are with their new vehicle. Over 54,000 owners of both new 2016 and 2017 makes and models were surveyed. "This is the 21st anniversary of AutoPacific identifying the most […] [Read More]

In Episode 6 of the Auto Remarketing Podcast, Joe Overby chats with Brian Benstock — vice president and GM of Paragon Honda & Paragon Acura — about Paragon Direct, the group's vehicle ecommerce and service platform. Brian offers his take on the role of dealers in digital retailing and more.  Download and subscribe to the Auto Remarketing […] [Read More]

If you have certified pre-owned units with alternative powertrains, the spring issue of Perspective from J.D. Power Valuation Services (formerly NADA Used Car Guide) offered some insight into why it might be difficult to turn that vehicle. Before it became that CPO model, J.D. Power analysts explained that alternative segments generally have weaker demand and […] [Read More]

While differing on how first-quarter activity unfolded, both Kerrigan Advisors and Haig Partners shared upbeat assessments of dealership buying and selling activity for the rest of 2017 as each used the adjective, "robust." First, at Kerrigan Advisors, the firm reported that the action of dealerships changing hands “remains robust” for Q1 in spite of slowing […] [Read More]