TFS Gains New National Remarketing Manager

Looking for an affordable used car? You might want to go electric. The latest research from iSeeCars shows used EV prices fell 15.1% over the past year, while the cost of gasoline and hybrid vehicles dropped just 0.5%. The analysis of 1.9 million used cars sold from February 2024 to February 2025 found the average price of 1- to 5-year-old used vehicles have stabilized, down less than 1.5% over the past five months. But used EV prices have decreased 15% to 20% each of the past six months, dropping the average 1- to 5-year-old used EV price at $32,198. That’s […]
Read MoreDealership service department customer satisfaction was strong in 2024 — though a bit less so for owners of electric and plug-in hybrid vehicles. While J.D. Power’s 2025 U.S. Customer Service Index Study found overall satisfaction with dealer service rose for the second consecutive year, up 12 points to 878 on a 1,000-point scale for premium brands and 14 points to 862 for mass-market brands, customers with EVs and PHEVs ranked their experience well below owners of gas-powered vehicles. Electrified vehicle owners averaged 51 points less among mass-market vehicles and 57 points less in the premium sector, which J.D. Power attributed […]
Read MoreAs part of its 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. The honorees in the first-ever Automotive Intelligence Awards: Industry Analysts will be recognized in the April edition of the Auto Fin Journal publication and at the Auto Intel Summit, which is April 8-10 at the Embassy Suites in Cary, N.C. CMG senior editor Joe Overby talked with each of the honorees about their career journeys, a day/week in the life of an auto analyst, what they enjoy about […]
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