The new year is here, but for many people, COVID-19 continues to have an economic impact, said David Wurster, president of data company, Vincentric. “It's more important than ever to make informed and intelligent financial decisions,” Wurster said in a news release. To help consumers do that, Vincentric named the winners of its 17th annual […] [Read More]

As we enter a new year, the occasion often allows us some time to reflect on the old and celebrate the new. I’m happy to say that with the January edition of Auto Remarketing, we do both! This year signals the hallmark 30th anniversary of this publication that is focused on providing great information and […] [Read More]

After falling 7% in 2020 but still remaining relatively strong, certified pre-owned sales are likely to bounce back in 2021 to what would be one of the strongest years on record, according to Cox Automotive. There were 2.6 million certified sales in 2020, down from 2.8 million in 2019, says a Cox Automotive analysis of […] [Read More]

Last year, 57% of car buyers conducted most of their vehicle purchases online, according to an August survey from Cars.com. Several of those buyers decided on contactless home delivery from their local dealership. That is one of the top five trends advancing the auto space in 2021 and beyond, according to Cars.com, which said the […] [Read More]

Look for used-car sales to go slightly north of 40 million units in 2021 after a slower year in 2020. More specifically, TrueCar is forecasting 40.05 million total used-car sales for this year. On the new-car side, the company is projecting 16.0 million total sales this year, with 13.9 million of those being retail sales. […] [Read More]

In December 2019, we were celebrating a year of big digital growth in the wholesale industry. I had spent the year talking about how digital wholesale would soon reach a tipping point where the majority of purchases would be made by digital buyers, and adoption would start to grow at faster pace. We rang in […] [Read More]

After a downturn in 2020, the used-car market is expected to kick off a multi-year rebound in sales, with numbers expected to eclipse the 40 million mark in 2022, say analysts with Cox Automotive. According to Friday's Cox Automotive Industry Insights 2021 presentation, there was an estimated 36.7 million total used-vehicle sales in 2020. While that’s […] [Read More]

The long-term trend toward electric vehicles continues to solidify. But because of the pandemic, consumer anxiety might be shifting automotive priorities toward familiarity and affordability. According to a new report from Deloitte, that could be a reason why 74% of U.S. consumers are looking for a traditional internal combustion engine in their next vehicle. For […] [Read More]

Used pickup truck sales remained strong and grew during the pandemic, as other segments declined. iSeeCars executive analyst Karl Brauer said consumers needed the pickups for work. iSeeCars.com, a car search engine, recently conducted an analysis of the most popular used and new cars across the country, and the Ford F-150 topped the list of […] [Read More]

In a year like no other, 2020 introduced a range of new factors that have driven long-term projections for determining future value retention in the luxury segment of the used-vehicle market. Supply chain issues driven by the COVID-19 pandemic disrupted production, which reduced supply as demand also plummeted over the course of the year. In […] [Read More]