When it comes to electric and hybrid vehicles, consumers are more open to considering new vehicles than they are to considering used versions of those cars. But don’t sleep on the pre-owned segment of alternative-fuel vehicles. As part of the 2021 Electric Vehicle Sentiment Survey from CarGurus, consumers were asked, “Which ways of acquiring an […] [Read More]

It’s one thing for wholesale vehicle prices to “bounce” this time of year. But what happened last month was a “leap,” says Cox Automotive chief economist Jonathan Smoke. After increasing 26.2% year-over-year, the Manheim Used Vehicle Value Index reached an all-time high of 179.2, according to a news release from Cox Automotive. The month-over-month gain […] [Read More]

Nearly three out of four intenders who planned to purchase a vehicle in the next six months said the pandemic changed their plans in some way, according to new research. The top change is that they were more focused on finding a good deal. The new research is from media planner Comscore, and the research […] [Read More]

TrueCar released the eighth wave of its study on the pandemic’s impact on vehicle shopping and vehicle shoppers’ needs, noting that concerns about future potentially diminished income are now a top factor in deterring a vehicle purchase. Meanwhile, the threat of catching or spreading COVID-19 while shopping as a factor discouraging a vehicle purchase is […] [Read More]

With wholesale values surging each week during the month, it probably comes as no surprise that the Black Book Used Vehicle Retention Index for March set a new record. Black Book reported on Monday that its index reading came in at 141.2, representing an 8.9 point (or 6.7%) increase from February. Analysts also noted the index currently stands 23% above […] [Read More]

Nine out of ten vehicle owners say the presence of radio in the dashboard is important to them, according to a new survey. They also say the pandemic has made dashboard entertainment/information more important because listening to music helps ease anxiety from all the bad news and stress in the world. That is especially true for […] [Read More]

The BMW 5 Series is the best car to buy used over new, according to a new study from car search engine iSeeCars.com. The 5 series led iSeeCars’ list of the top 15 cars with the greatest change in price between gently used and new versions. The BMW 5 Series midsize sedan is joined by […] [Read More]

Many participants in a recent consumer sentiment study show a keen interest in car shopping, and they enjoy the process. But when price negotiations begin, their feelings turn decidedly negative. “What should be a fun and exciting experience for consumers, continues to be a source of angst and stress,” automotive research and vehicle listings marketplace […] [Read More]

From a numbers standpoint, the outlook for used-car sales in March is a bright one. But the pre-owned market may not be immune to fallout from supply challenges currently facing the new-car market.  TrueCar is forecasting 3.6 million used-vehicle sales this month, which would beat February figures by 1% and eclipse year-ago numbers by 104%. It […] [Read More]

Looking at new data from Vroom on the top 10 most purchased used electric vehicles across the country, one trend in particular stands out. Three of the top 10 vehicles are Teslas. Why is that? In an interview with Auto Remarketing, Vroom chief executive officer Paul Hennessy provided a concise reason. “It’s just an outstanding […] [Read More]