Dealership service drives already might be seeing fewer appointments for maintenance work such as oil changes and brake jobs because their customers aren’t using their vehicles as much because of the coronavirus pandemic. New survey data on American driving and vehicle fueling habits shows that trends with that part of dealership operations might not be […] [Read More]

Used-vehicle retail sales have struggled in the first half of the year, amid challenges from the COVID-19 pandemic. But bright spots have emerged, including what looks to be strengthening franchised dealer used-car sales in the first half of June, as of press time for this publication. Just consider these data points from KAR Global’s interactive […] [Read More]

KAR Global has launched an online suite of interactive dashboards providing data and insights into the retail and wholesale used-car markets. Powered by KAR’s data science and analytics platform DRIVIN, the site includes interactive maps and graphs that allow users to access aggregated trends or more specific statistics into the retail and wholesale markets. KAR […] [Read More]

The coronavirus pandemic continues to intensify one of the basic principles of economics. Dealer demand for inventory is growing, but supply at the auction still isn’t back to the level seen before facemasks, stay-at-home orders and other COVID-19 connected elements became commonplace. The new COVID-19 Market Update from Black Book released on Tuesday described the […] [Read More]

The COVID-19 pandemic has placed a spotlight on the need for dealers to act quickly in adopting the tools and practices of the future. If dealers want to succeed in a post-COVID-19 future, they must move decisively to build out their digital-first competency and infrastructure. According to a new report titled, “A Post COVID-19 Era […] [Read More]

Cox Automotive president and chief executive officer Sandy Schwartz was set to send a letter Monday to many of the company’s clients and partners on a strategic plan called “The Way Forward.” Auto Remarketing caught up with Schwartz by phone on Thursday to discuss the three-point plan, the details of which can be found in […] [Read More]

Used-car sales remain a bright spot for many dealers, but it could become challenging for them to get their hands on enough pre-owned supply, said panelists in a LotLinx webinar on Wednesday. In a Weekly Market Update distributed Tuesday, LotLinx dissected used-car trends as of Monday night, indicating that there was a slight slowing in […] [Read More]

CarGurus senior editor Matt Smith says the company intends its Best Used Car Awards to help shoppers as they search for a used vehicle. The company aims for its awards to “provide an extra level of trust during their shopping process,” Smith said in a news release. Smith says this year’s winners and finalists are […] [Read More]

Black Book representatives are seeing and hearing a wide array of stories from auctions and dealerships, and the firm gathered up the best ones to include with its latest wholesale pricing information for its latest COVID-19 Market Update released on Tuesday. From only $100 derailing some wholesale transactions to stores getting concerned about inventory — […] [Read More]

UPDATED to include analysis/data from LotLinx. Recapping used-vehicle sales from May shows a bit of a mixed bag. The month appears to have been much stronger than April, but hit a speed bump the final week. There was a 20.7% year-over-year decline in used-car sales the final week of May, according to Cox Automotive. “Like […] [Read More]