New Penske Auto Shopping Site Debuts

As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. To conclude our series of podcasts with these first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program, we talk with Kevin Roberts, director of economic and market intelligence at CarGurus. Roberts, who is from Detroit, has a deep family background in automotive. His great-grandfather worked at Willys-Overland Motors in Toledo, Ohio — “that was Jeep before Jeep,” he said — and that tradition […]
Read MoreDealers looking to acquire later-model used vehicles in February were finding them in a rather traditional channel: the auto auction. But the source is not the consignor segment that might first come to mind when discussing this age group. According to the latest AuctionNet data from the National Auto Auction Association, overall wholesale auction sales jumped 2.9% year-over-year last month on a selling-day-adjusted-basis and beat January figures by 3.5%. NAAA attributed the spike in auction volumes largely to the gains for 1- to 3-year-old vehicles, where sales were up 10% year-over-year. And it wasn’t off-lease leading the way. Driving that […]
Read MoreHe knows the housing market and house music. He knows cars and The Cars. An economist who moved from the real estate market to the automotive market — while moonlighting as a DJ — Cox Automotive chief economist Jonathan Smoke is among our first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program. Smoke joins the Auto Remarketing Podcast to talk about his career journey, day-to-day work as an economist and why putting together auto industry analysis isn’t all that different than penning a tune. Listen to his conversation with Cherokee Media Group senior editor Joe Overby in the window […]
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