Despite a projected double-digit climb in retail used-vehicle sales in August versus July, dealers are souring on their prospects for retail success during the third quarter. Cox Automotive compiled a variety of information connected with dealerships and their used-vehicle operations, including the newest Cox Automotive Dealer Sentiment Index (CADSI). To gauge the pace of used-vehicle […] [Read More]

According to research conducted by ValuePenguin, the states where people look to buy the oldest used vehicles are evenly split among the Midwest and West. The insurance division of LendingTree pinpointed the Top 10 states and markets where consumers are seeking to take delivery of older models. Overall, researchers found that the average age of […] [Read More]

In two new commercials that are part of its "We Drive It Like It Is" campaign, Edmunds spoofs some of the "tropes" you might find in a car commercial (i.e. rugged dude hauling lumber in a pickup, couple off-roading in an SUV to a campsite) as a means to underscore some of the services it offers. […] [Read More]

Those of us who work in or adjacent to the used-car business have likely been asked some form of this question numerous times by our friends and family outside the industry: “When are used-car prices going to come down?” Well, finally, it seems there might be … [Read More]

For years, Ipsos pointed out that automakers have talked about electric vehicles and autonomous driving as two connected parts of the future of vehicles. But new research released by Ipsos on Thursday indicated that OEMs might be better off if they talked about these kinds of models separately. Ipsos’ latest Mobility Navigator Study showed that […] [Read More]

TEXT2DRIVE acknowledged that a previous J.D. Power study showed that dealers capture 88% of customers’ annual service visits during the first three years of new-vehicle ownership. But TEXT2DRIVE wanted to know what keeps those service-drive customers returning after that span when the model is clearly a used vehicle, so the company conducted its own proprietary […] [Read More]

Expert firms acknowledged the road to electrification has been repeatedly foretold by automotive industry watchers. Yet, CDK Global and J.D. Power pointed out significant questions remain about how the transformation will take place, how long it will take and what will accelerate — or just as importantly put the brakes on — consumer adoption. CDK […] [Read More]

The used-car shopper who arrives on a dealer’s lot or online listings looking for a vehicle that will save them money at the gas pump may end up spending quite a bit more elsewhere. Specifically, on the transaction itself. While the overall retail used-car market showed sequential price stability last month, with some segments’ prices declining […] [Read More]

While still up a double-digit percentage from a year ago, wholesale prices in July softened ever so slightly from June, marking the second straight month-over-month decrease. And there could be some moderation — even a reversal — in the year-over-year price differences as the second half of the year continues, according to Cox Automotive. The […] [Read More]

He’s back, folks. Tom Kontos has released his first industry commentary since the closing of KAR Global’s sale of its U.S. ADESA auction business to Carvana. The longtime auto analyst, who is now the chief economist at ADESA Auctions, shared his thoughts on … [Read More]