A research study by Global Market Insights made available this week indicated that the worldwide used-car market is expected to surpass $2 trillion by 2028 Firm experts said a substantial increase in urbanization supported by vehicle ownership trends is likely to augment the industry growth. Global Market Insights mentioned in a news release that the […] [Read More]

Expect April to finish with a softer used-car sales tally. Same goes for new cars. TrueCar released its monthly analysis of car sales Wednesday and said it expects there will be … [Read More]

You ever go to a restaurant, realize the waiting list is too long and decide to try the place next door, instead? That was the case for some vehicle buyers in March, where wait times for certain new electric vehicles pushed them to used. Granted, high fuel costs were a major and perhaps the largest […] [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 this year’s Auto Intel Summit. Our first special episode features a trio of top industry leaders answering the question, “what’s next?” The panel includes Chip Perry of A2Z Sync, Alex Snyder […] [Read More]

Earlier this month, I noted how retail used vehicle sales in April might be a stage-setter for the remainder of the year. Like many dealers, I was hopeful that sales would take a positive turn — that a shower of sales in mid-to late April might bring flowers in May and beyond. Well, it’s starting […] [Read More]

Brian Pasch, founder of PCG Companies, wears many hats: digital marketing services provider, auto industry trainer, author of 8 books and host of several auto industry conferences, just to name a few roles. In this episode of the Auto Remarketing Podcast, Pasch shares his approach to consulting, dealer group training and how he discovered the […] [Read More]

Retail prices on 1- to 5-year-old used cars last month showed some moderation from February, but still remain more than 30% higher than year-ago levels, according to an analysis from iSeeCars.com, which said the runup is particularly steep for fuel-efficient models and electrics. The company examined 1.8 million transaction of used vehicles ages 1 to […] [Read More]

Good news, bad news for certified pre-owned vehicle sales last month. First, the plus side. March’s 219,360 CPO sales beat February’s total by 14.3%, marking the third straight month of … [Read More]

After going six months without a sequential decline, Black Book’s Used Vehicle Retention Index has now fallen two months in a row. [Read More]

TrueCar’s used-vehicle sales forecast for March called for a double-digit rise on a sequential basis, but a double-digit drop on an annual comparison. An anecdote from Brian Finkelmeyer, who actually is the senior director of new-vehicle sales strategies at Cox Automotive, might provide a vivid image of how used-vehicle sales unfolded to close the first quarter. [Read More]