PODCAST: Trio of experts on automotive & the economy
Thursday, Jan. 16, 2025, 02:43 PM
COMMENTARY: 2025 auto retail outlook, as machine learning meets inventory intelligence
Tuesday, Jan. 14, 2025, 11:42 AM
Deloitte survey shows hybrids poised to pounce on 'EV inertia'
Friday, Jan. 10, 2025, 04:02 PM
Analysis
COMMENTARY: How blockchain is set to transform the automotive industry
Wednesday, Jan. 8, 2025, 02:03 PM
Brad Smith, Leroy Lynn
In today’s rapidly evolving business landscape, blockchain technology stands out as a transformative force, poised to revolutionize how companies operate, interact and innovate. For stakeholders in the automotive industry, particularly in the used car market, understanding how blockchain can reshape the sector is not just about keeping pace — it’s about seizing opportunities for efficiency, […] [Read More]
Wholesale vehicle prices back to ‘more normal’ patterns
Wednesday, Jan. 8, 2025, 01:55 PM
Joe Overby, Senior Editor
Normal. Stable.
Those are not necessarily words used to describe the used-vehicle market over the last five years, but 2024 closed with analysts calling wholesale price patterns exactly that.
Their specific metrics and methodologies differ, but respective monthly used-car value indices from Black Book and Cox Automotive illustrate a wholesale market that’s perhaps as steady as it has been post-COVID ... [Read More]
The dealership buy-sell market in 2025: More selective buyers and more predictability
Monday, Jan. 6, 2025, 09:56 AM
Alysha Webb, Correspondent
The dealership mergers and acquisitions market was brisk in 2024, driven by buyers flush with cash from historically high dealership profits the last few years.
But dealership profitability, though still high, is waning. That is one factor that will impact the 2025 buy sell market, which professionals expect to moderate though remain healthy.
“The buy sell market in 2025 will be active but quite different,” Alan Haig, president of Haig Partners, told Auto Remarketing. [Read More]
Report: Recalls down in 2024, but unrepaired vehicles remain a major issue
Friday, Jan. 3, 2025, 02:29 PM
Auto Remarketing Staff
The number of vehicles recalled in 2024 dropped significantly — but unrepaired recalls still represent a major issue on American roads, according to the latest analysis of National Highway Traffic Safety Administration data from BizzyCar. The recall management platform’s 2024 Recall Report found 27.7 million vehicles were affected by recalls issued last year, a decrease […] [Read More]
COMMENTARY: As the calendar turns, the present is a gift
Thursday, Jan. 2, 2025, 02:17 PM
Robert Grill, CARFAX
Welcome to your next stopping point, now it’s time to reflect. How did the past year finish? Like you planned it? Better? Worse? Will 2024 be one to remember – or one you would rather forget? Either way, it’s time to evaluate what went right and what could have gone better, but most important: Why? […] [Read More]
COMMENTARY: Maintaining a competitive edge with secondary Google business profiles
Thursday, Jan. 2, 2025, 02:08 PM
Matt Murray, Widewail
The amount of competition among automotive dealerships makes it one of the most cutthroat industries in the world. Dealerships aren’t just competing with each other; they’re up against local repair shops, body shops, parts stores and more. With departments for sales, service, parts, detailing, and even bodywork, every part of a dealership faces its own […] [Read More]
Happy holidays from Cherokee Media Group & best wishes for new year
Friday, Dec. 13, 2024, 10:21 AM
Auto Remarketing Staff
The Cherokee Media Group team wishes you a safe and happy holiday season and a joyous new year. Friday’s issue of Auto Remarketing PM will be the final regularly scheduled e-newsletter from our team in 2024 before we take a holiday break. The Auto Remarketing e-newsletters will resume with the Auto Remarketing Canada enewsletter the morning of Jan. 2. […] [Read More]
Navigating the shift: Key insights from the Lotlinx Q3 2024 Automotive Market Report
Wednesday, Dec. 11, 2024, 09:04 AM
Len Short, Lotlinx
As we look back on Q3, the automotive market has revealed key trends that highlight the complexities of inventory management for auto retailers. In Q2, dealers experienced a 10% sales increase for new vehicles despite challenges like the CDK Global cyber incident. However, this surge in sales coincided with rising inventory levels, leading to a […] [Read More]
Gen Z and millennials to small businesses: Get online or get left behind, according to GoDaddy survey
Friday, Dec. 6, 2024, 12:56 PM
Auto Remarketing Staff
If your dealership managers and salespeople are wondering why they cannot attract customers who are Gen Z or millennials, perhaps new data from GoDaddy might explain why. GoDaddy indicated 80% of 1,000 Gen Z and millennial U.S. consumers surveyed in September shared they research small businesses like dealerships online before shopping with them for the […] [Read More]
CARFAX offers maintenance reminders for the holiday travel season
Monday, Dec. 2, 2024, 02:33 PM
Auto Remarketing Staff
It’s that time of year again — time to hit the road. During the holiday season, American cars rack up more miles than Santa’s sleigh. But according to CARFAX estimates, too many of those vehicles are not up to date on their maintenance, with almost 20% of cars on the road behind on oil changes […] [Read More]