Evidently, thieves now have an affinity for trucks. On Tuesday, the National Insurance Crime Bureau (NICB) released its annual Hot Wheels report, identifying the top 10 most stolen vehicles in the United States in 2020. For the second year in a row, NICB said the Ford full-size pick-up was the model most targeted by thieves, […] [Read More]

Millennials, the largest and most diverse generation in the U.S., are beginning to buy cars in greater numbers. But it’s not clear how well dealerships will be able to serve their needs with business as usual. For years the automotive industry has speculated that millennials would be the downfall of retail automotive and a bellwether […] [Read More]

I’ve been reporting on the auto industry for 14 years, but even armed with an insider’s knowledge, I still find the car-buying process to be stressful. But the auto industry, in general, recognizes that many consumers feel this way. And dealers, automakers and other entities within retail automotive have made great strides to put folks […] [Read More]

Cox Automotive’s measure of wholesale vehicle prices reached a new all-time high in September, passing the record set in the spring and defying prior expectations amid continuing car supply challenges driven by multiple macro factors. Specifically, the Manheim Used Vehicle Value Index came in at 204.8 last month, which beats the year-ago reading by 27.1%. […] [Read More]

The newest addition at Cherokee Media Group knows first-hand how complex and fast-paced the used-vehicle industry is. Dana Nusbaum previously worked at IAA’s facility in Wilmington, N.C., performing every job function from title work to writing condition reports to even climbing aboard a forklift to move salvage vehicles. Now Nusbaum is an account executive with […] [Read More]

The main segments of CarGurus most recent COVID-19 sentiment study came in groups of three, as analysts spelled out short-term and long-term trends as well as recommendations for dealerships. CarGurus highlighted that this research project is the latest iteration in a series of previous studies that were run in April, June and November of last […] [Read More]

In the latest episode of the Auto Remarketing Podcast, we turn to the parts and service segment of the auto industry. Jay Maxwell of the Costco Auto Program returns to the show to discuss the company's work in the space, the increase in vehicle ownership period and its impact on parts and service and much more. […] [Read More]

Cox Automotive, Edmunds, J.D. Power and TrueCar all tried to sort through the static created by new- and used-vehicle supply constraints and rising prices to offer sales and other predictions for September, which closes on Thursday. For dealers that do have plentiful used and new models to retail, perhaps this comment from Edmunds senior manager […] [Read More]

In year seven of Auto Remarketing’s annual 40 Under 40 program, you will find the current- and next-generation leaders of the used-car business who are making big differences in the industry and at their respective companies. Auto Remarketing is honored to recognize these folks and celebrate their accomplishments. Stay tuned for more in the October issue of Auto Remarketing, and […] [Read More]

Morning Consult recently released its newest report titled, Most Trusted Brands: Auto & Mobility. Joanna Piacenza, the head of industry intelligence at Morning Consult, appeared on this episode of the Auto Remarketing Podcast to discuss the report, what the market research firm described as “stickiness” and more. To listen to the episode, click on the link […] [Read More]