The pandemic certainly reinforced the importance vehicles are to their owners, as Ally Financial highlighted in a consumer survey last fall. But while acknowledging the numbers are declining, CARFAX pointed out this week that millions of those vehicles are in operation with an open recall. CARFAX said its data shows the number of vehicles on the […] [Read More]

Look for used-vehicle sales this month to slow from March but beat year-ago figures significantly. That’s according to TrueCar, which is forecasting 3.4 million used sales for April. That monthly sum would be 6% softer than March, but mark a 58% increase from April 2020, which was the first full month of the COVID-19 pandemic. […] [Read More]

Zipcar is adding nearly 50 Zipcar vehicles to designated on-street parking spots across the City of Brotherly Love, as it builds on its partnership with the City of Philadelphia and the Philadelphia Parking Authority. This expansion supports the goals of the new Philadelphia Transit Plan, which include reducing reliance on personal vehicles and increasing access […] [Read More]

You don't have to be Phil Dunphy to know that in the world of real estate, they would call this a “seller’s market.” Supply is tight, prices are at record highs and inventory is turning. After reaching an all-time high last month, Cox Automotive’s measure of wholesale vehicle prices has continued to show steep gains […] [Read More]

Automotive retail is one of the largest sectors of the U.S. economy, and it is in the middle of a rapid transformation. Going forward, the men and women working in the industry will reasonably be described as high-tech workers, and for good reason. It’s becoming a market defined by cutting-edge technological innovation and customer experience. […] [Read More]

For most of my career as a dealer, I’ve been endangered.  I’m essentially a woolly mammoth on the plains: big, slow, and irresistible to spear-tossing cavemen. I should be extinct. And I will be. Any day now.  At least, that’s what you might think if you believed commercials like this one aired that during the Superbowl. […] [Read More]

It doesn’t look like the wholesale auto market is getting back to the apex of supply any time soon. In 2020, wholesale volumes fell 1.8 million units from their peak a year earlier, according to a quarterly report from Cox Automotive, which attributed the slowdown to a trio of pandemic-spurred trends: slow retail sales, the […] [Read More]

The 2022 Chevrolet Bolt EUV is a redesign of the Chevrolet Bolt that brought with it a compelling compact crossover variant. “It’s mechanically the same as the updated Bolt EV electric car but it has a more rugged, SUV-like appearance and more back seat space, making it a little more family-friendly,” Autotrader wrote about the […] [Read More]

Almost a year ago, Lotpop founder Jasen Rice said in an episode of the Auto Remarketing Podcast that the certified pre-owned segment could emerge as the post-pandemic “winner” in automotive. While COVID-19 is certainly not over, there is a light at the end of the tunnel. And Rice’s CPO prediction appears to be ringing true, […] [Read More]

Seven sports cars and luxury sport sedans make iSeeCars’ list of the fastest-selling used vehicles for March. The pandemic played a role in the sales success for those vehicles. “High-performance vehicles have been popular during the pandemic to combat boredom and bring joy,” iSeeCars executive analyst Karl Brauer said in a news release. Those seven […] [Read More]