Analysis
PODCAST: What it’s like having 5 generations in today’s workplace
Monday, Jan. 24, 2022, 08:53 PM
Auto Remarketing Staff
When she was part of the panel discussion at Used Car Week 2021 with the other Women in Auto Finance honorees, Colletta Bryce mentioned how some workplaces can have as many as five different generations nowadays. In this episode of the Auto Remarketing Podcast, the senior director of HR business partners at NextGear Capital described […] [Read More]
Vroom returns to Super Bowl, this time taking on private-party sites
Friday, Jan. 21, 2022, 05:34 PM
Auto Remarketing Staff
In 2020, the Kansas City Chiefs took on the upstart and defense-minded San Francisco 49ers in the first Super Bowl appearance for their star quarterback Patrick Mahomes. In their return trip to the Big Game last year, the Chiefs faced an opponent of a wholly different sort: Tom Brady and the veteran-laden Tampa Bay Buccaneers, […] [Read More]
PODCAST: Jonathan Smoke shares his take on 2022 used-car market
Friday, Jan. 21, 2022, 04:42 PM
Auto Remarketing Staff
Cox Automotive chief economist Jonathan Smoke is back on the show to help us make sense of the mixed signals that wholesale vehicle prices have shown at the start of 2022. Plus, we talk about the growth in what Cox Automotive has dubbed "New Form Online Retailers" and all things used cars. To listen to […] [Read More]
New index shows wholesale trades of new vehicles fetching prices far above invoice
Wednesday, Jan. 19, 2022, 10:24 PM
Auto Remarketing Staff
Dealer Trade Network is a wholesale trading market of new-vehicle inventory. And the company has launched a new index that compares the new-car wholesale trading price (i.e., new vehicles sold from dealer to dealer) with the invoice prices of those new vehicles. What did the New Car Wholesale Monthly Trading Price Index determine? For one, that […] [Read More]
Carvana says it is quickest online auto retailer to reach 1 million sales
Wednesday, Jan. 19, 2022, 09:59 PM
Joe Overby, Senior Editor
Carvana is staking its claim to two milestones: the fastest used-car retailer to organically sell more than 400,000 units in a year and the fastest online auto retailer to have reached 1 million sales since founding (nine years). The company said it reached each of these landmarks in the fourth quarter. “Our engine of growth […] [Read More]
PODCAST: Dealer impact of Supreme Court decision about COVID-19 vaccinations
Friday, Jan. 14, 2022, 04:34 PM
Auto Remarketing Staff
Within hours of the Supreme Court making its decision on Thursday, ComplyNet president and general counsel Adam Crowell made another appearance on the Auto Remarketing Podcast to provide an update about mandates put forth by the Occupational Safety & Health Administration (OSHA) involving COVID-19 vaccinations and testing. Crowell described what dealers have been facing since […] [Read More]
Used-car market likely approached 41M sales last year
Tuesday, Jan. 11, 2022, 09:34 PM
Joe Overby, Senior Editor
Though the numbers are not yet final, the used-car market is likely to have reached 40.9 million sales in 2021, which would be roughly a 10% year-over-year gain, Cox Automotive chief economist Jonathan Smoke said in a conference call Friday. And the growth for used-car sales involving a dealer is expected to be even better. [Read More]
COMMENTARY: Evolving automotive advertising for the greater good
Tuesday, Jan. 11, 2022, 08:42 PM
Heather Ellis, Dealer.com
The auto industry often talks about the idea of being "better" in the market, but in truth there still is a lot of work to do to before automotive can catch up with other verticals. Time and again, "better" is a marathon and not a sprint — it’s a continual, ongoing drive to fix what is broken, […] [Read More]
Part II: What auto industry associations have on the mind as 2022 kicks off
Monday, Jan. 10, 2022, 07:53 PM
Joe Overby, Senior Editor
Editor's note: This is Part II of a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "2022 Used Car Kickoff" issue. This two-part piece focuses on the National Automobile Dealers Assocation, National Auto Auction Association, American International Automobile Dealers Association and International Automotive Remarketers Alliance. Part I can be found here. The issue will […] [Read More]
Part I: What auto industry associations have on the mind as 2022 kicks off
Monday, Jan. 10, 2022, 07:46 PM
Joe Overby, Senior Editor
Editor's note: This is Part I of a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "2022 Used Car Kickoff" issue. This two-part piece focuses on the National Automobile Dealers Assocation, National Auto Auction Association, American International Automobile Dealers Association and International Automotive Remarketers Alliance. The issue will also feature the National Automotive Finance Associaton. Receivables Management […] [Read More]