At the end of 2022, used-vehicle prices were starting to slow from unusually high rates, and inventory levels were on the upturn — as the auto market and consumers tried to navigate the results of the Fed's latest interest rate moves. Cox Automotive kicked off 2023 by exploring many of these trends as well as forecasts […] [Read More]

The market for used hybrid and electric vehicles remains limited, but supply appears to be on the rise, and for some models, there was even some price relief in recent months. Of the 10 used vehicles with the largest price declines (percentage-wise) in the second half of 2022, seven were alternative-fuel vehicles, including … [Read More]

In this special episode of the Auto Remarketing Podcast, we feature "The Best CPO Dealers in the USA: Selling More Used Cars" panel discussion from Used Car Week. This panel delves into top used-car strategies from the dealer, automaker and dealer trainer vantage point, along with their takes on the most pressing and current trends […] [Read More]

As I examined dealer inventories in the final weeks of 2022, it’s become clear that many dealers have a hangover problem. The hangover is like many of us have experienced. It’s when we overindulge (and potentially get over-served) with family and/or friends. Then, the next morning arrives, and you pay for the good times you enjoyed. For […] [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from Used Car Week in November. Our next special episode features the "How Tomorrow’s Thriving Secondary EV Market Is Taking Shape Today" panel discussion at the National Remarketing Conference, featuring Scott Case […] [Read More]

Whether it was a sign of things getting back to normal or a function of external and internal market factors, one thing was sure about December’s wholesale price movement: it looked a lot like the close of 2019. That was apparent in Black Book’s analysis around its latest Used Vehicle Retention Index, which came in […] [Read More]

We’re finally emerging from one of the strangest times in automotive retail history. The onset of the COVID pandemic brought with it several supply chain issues, unpredictable inventory challenges, and inflated pricing that made car sales models look more like cryptocurrency markets than a century-old industry steeped in stability. Keeping an eye on how things […] [Read More]

Certified pre-owned vehicle sales were likely down around 10% in 2022, but the market closed the year with some momentum heading into 2023. After 14 months of year-over-year declines, there have now been two consecutive months of CPO sales gains, according to early estimates by Motor Intelligence. Preliminary results that the company provided to Auto […] [Read More]

The Auto Intel Summit returns this spring with a new look, new hotel and a new conference added to the event's lineup. Cherokee Media Group is launching the inaugural National Remarketing Conference Spring Summit, which will be held concurrently with AIS, April 18-20 at the Hilton Raleigh North Hills in Raleigh, N.C. “We’re excited about […] [Read More]

With each passing day, dealers are looking for the next great thing, the latest shiny object, the magic bullet and the secret sauce. The truth is, it’s just not that complicated and that that’s why no one believes it. Somehow, we went from knowing that no two vehicles are the same and each vehicle stands on […] [Read More]