Much like the Eric Church song, the used-vehicle market was “having a record year” in 2021. That includes the Manheim Used Vehicle Value Index, which reached an all-time high of 236.2 in December and beat the prior-year reading by 46.6%. Wholesale prices, when adjusted for mix, mileage and seasonality, climbed …  [Read More]

The numbers are not yet final, but it appears 2021 will not end up as a record year for certified pre-owned vehicle sales. However, there will likely be a best-ever 3.0 million certified vehicles sold in 2022, in what is expected to be the finale of peak CPO. That’s according to Cox Automotive analysts who […] [Read More]

Though slower than November, the used-car retail sales market last month was expected to rise 3% year-over-year, according to a late December forecast from TrueCar. The company was predicting roughly 3 million used-vehicle sales in the final month of 2021, which would represent a 2% month-over-month decline but a 3% gain from December 2020. And how […] [Read More]

If there was ever any doubt as to what segment draws the most attention in the used-vehicle market, let it be put to rest. Each of the top three best-selling used vehicles in 2021 were full-size pickup trucks, according to an analysis from iSeeCars.com. [Read More]

Here is some potential good news for dealers when it comes to used-vehicle inventory: they might be able to source more consumer cars this year. According to 2022 State of the American Driver report from car ownership app Jerry, 58% of drivers said they would consider selling their vehicle this year. [Read More]

The Cherokee Media Group team wishes you a safe and happy holiday season and a joyous new year. This issue of Used Car Weekend will be the final regularly scheduled e-newsletter from our team in 2021 before we take a holiday break. We thank you for your interest, support, readership and feedback this year. The Auto Remarketing e-newsletters will resume […] [Read More]

The cost of gasoline is up nearly 59% from a year ago, so the models topping the iSeeCars.com list of fastest-selling used vehicles makes perfect sense. A combined nine hybrids and electrics cracked the top 20 list for November. Seven of the nine — and each of the top four — fastest-selling used vehicles last […] [Read More]

Especially if you are a regular consumer of Auto Remarketing content, you might agree with Kerrigan Advisors that the auto dealership buy/sell market is on track for another record year. The firm detailed how the market continued its momentous pace during the third quarter through its latest report released on Thursday. According to the Third […] [Read More]

Adam Carolla has some thoughts about car dealers. Mainly that the stereotypes about them portrayed in a recent line of Vroom commercials are a bit outdated and inaccurate, the comedian opined in Part I of Wednesday’s Adam Carolla Show. The spots, which began during the NFL Playoffs earlier this year, take a satirical, cartoonish poke […] [Read More]

Used vehicles, in general, are pricier these days, fetching nearly 28% higher prices than they did a year ago, according to iSeeCars.com And some models are seeing prices soar even higher than that. [Read More]