Edmunds report finds car shoppers’ perceptions lead to sticker shock
Friday, Sep. 13, 2024, 02:54 PM
COMMENTARY: Lessons learned from another summer of selling cars
Friday, Sep. 13, 2024, 11:15 AM
PODCAST: Automotive applications from Experian’s 2024 U.S. Identity and Fraud Report
Friday, Sep. 13, 2024, 10:31 AM
Analysis
PODCAST: Kevin Roberts of CarGurus talks data & day-in-life of auto analyst
Friday, May. 31, 2024, 12:23 PM
Auto Remarketing Staff
Kevin Roberts, director of industry insights and analytics at CarGurus, joined the Auto Remarketing Podcast from the Auto Intel Summit + National Remarketing Conference last month in Cary, N.C. He sat down with Cherokee Media Group senior editor Joe Overby for a conversation about the data metrics that dealers should watch to maximize profitability and […] [Read More]
Advisory firms weigh in on dealership profitability, buy-sell trends
Friday, May. 31, 2024, 11:13 AM
Auto Remarketing Staff
Dealership profits are slowing from the astronomical pandemic-era levels, but the buy-sell market remains active, according to analyses by advisory firms in the space. The Presidio-NCM Average Dealership Performance Benchmark shows that an average franchised dealership had a 32.4% year-over-year slide in net pretax profit during the first quarter, following a 20.5% year-over-year decline in […] [Read More]
J.D. Power research reinforces bind of EV owners to OEM apps
Wednesday, May. 29, 2024, 03:54 PM
Auto Remarketing Staff
We can use smartphone apps to listen to music, track our spending and waistlines and reconnect with family and friends. And J.D. Power said electric vehicle owners are leaning more on apps than ever. Researchers shared on Wednesday that usage of manufacturers’ mobile apps continues to increase as 90% of EV owners say they use […] [Read More]
Cars getting less colorful, study shows
Wednesday, May. 29, 2024, 12:58 PM
Auto Remarketing Staff
We tend to think of the past as black and white, while the present shines in living color. When it comes to cars, though, that trend is heading in the opposite direction. Grayscale colors (white, black, gray and silver) are not only by far the most popular hues for cars, that popularity continues to grow, […] [Read More]
CARFAX data shows 6.4 million vehicles with Takata airbags still on the road
Wednesday, May. 29, 2024, 12:55 PM
Auto Remarketing Staff
It’s been 10 years since the National Highway Traffic Safety Administration issued its first recall of airbags manufactured by the Takata Corporation. But that doesn’t mean they’re all gone. According to data from CARFAX, more than 6.4 million vehicles equipped with those potentially deadly airbags are still on the road. And according to CARFAX’s vehicle […] [Read More]
Auto technology panels: Cox Automotive sheds light on EV adoption trends
Wednesday, May. 29, 2024, 11:45 AM
Arlena Sawyers, Correspondent
The road to broader consumer acceptance of vehicle electrification is fraught with slowdowns, challenges and bumps in the road.
Still, wider-spread acceptance of EVs is on the horizon and dealers — both franchise and independent — with support from automakers and/or industry partners such as Cox Automotive, are critical in helping that journey go more smoothly.
That’s according to Cox Automotive executives, who highlighted key findings in the company’s “2024 Cox Automotive Path to EV Adoption Study ” during a panel discussion here, May 9.
“We’re on this electrification journey.” ... [Read More]
Auto technology panels: AI creates efficiencies, profitability in wholesale car market
Wednesday, May. 29, 2024, 11:45 AM
Arlena Sawyers, Correspondent
During a May 9 forum with industry media in Detroit, Cox Automotive held a panel discussion on how it is using artificial intelligence to assist its wholesale customers with more accurate vehicle inspections and condition reports and marketing opportunities.
Participating in Cox Automotive’s AI panel discussion was Marianne Johnson, chief product officer at Cox Automotive, who said machine learning has been around for 20 years and predictive algorithms based on historical data is not new, either.
But over the last two or three years, technology has evolved into ... [Read More]
To avoid getting pancaked by used-car price hikes, shoppers wise to stop waffling on purchase
Tuesday, May. 28, 2024, 04:25 PM
Auto Remarketing Staff
When that shopper is waffling over whether the timing is right to buy a used car, here’s a selling point a dealer can pass along to that indecisive consumer, courtesy of CARFAX. “It’s time to get off the fence if that’s where you’ve been sitting and waiting for the right moment to act,” CARFAX editor […] [Read More]
How used-car prices are faring this month in wholesale, retail markets
Thursday, May. 23, 2024, 04:23 PM
Auto Remarketing Staff
Wholesale vehicle prices fell nearly 12% year-over-year in April and have continued modest month-over-month declines in May, according to the latest Kontos Kommentary report from ADESA chief economist Tom Kontos. Overall wholesale values last month came in at $14,559, down 11.7% from the April 2023 average of $16,468, according to the report. Prices were down […] [Read More]
Survey finds consumers more likely to click on vehicles with high-quality photos
Thursday, May. 23, 2024, 03:57 PM
Auto Remarketing Staff
How important is a good photo on a vehicle display page? Automotive photo, video and data collection company Redline decided to find out, and its recent survey showed consumers believe it’s very important. The survey of 372 adults — including respondents who indicated they had shopped online for a vehicle in the past three years […] [Read More]