Auto Remarketing

NOVEMBER 27, 2023

An overwhelming percentage of car dealers who use digital retailing tools are reporting encouraging results, according to the latest research by Cox Automotive. The company’s 2023 Digitization of Car Buying Study found 90% of dealers said digital retailing has positively impacted at least one area of their business, with customer satisfaction/experience, customer relationships, ease of completing deals, time spent completing deals, employee workflows and staff efficiency all cited by more than 7

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Retail Deal Customer Dealerships 111

Jalopnik

NOVEMBER 30, 2023

On Thursday afternoon, Tesla finally delivered a ten-pack of Cybertrucks to company employees and investors. It’s hard to call this a ‘production’ launch, as they’ll still be effectively in the hands of in-house beta testers, but it’s a lot closer to production than the truck was a year ago. During the unveil event,… Read more.

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Auto Remarketing

NOVEMBER 14, 2023

When it comes to used-car retail prices, the third quarter pointed to a “return to normalcy,” a trend that was particularly evident by this metric: late-model used cars have prices that are “notably below” those of new vehicles. That’s according to the latest Used Vehicle Report from Edmunds, which detailed, among other trends, the move toward “stability” in the used-car market.

Retail 111

Retail Supply Chain Marketing 111

Auto Remarketing

NOVEMBER 29, 2023

Average prices on 1- to 5-year-old vehicles in October were down 5.1% year-over-year, according to analysis from iSeeCars.com. Moreover, the latest CARFAX Used Car Price Index shows that those declines continued “across the board” in November. But the price drops for used electric vehicles (and to a lesser extent, hybrids) have been far more extensive, approaching 34%, the iSeeCars data shows.

Marketing 105

Marketing Buyer Term Sales 105

Auto Remarketing

NOVEMBER 16, 2023

It’s about repeat champs when it comes to the winners of the J.D. Power 2024 U.S. ALG Residual Value Awards. For the fourth year in a row, Lexus earned the top prize among premium brands, and Honda led mass-market brands for the third consecutive year. The awards recognize vehicle models projected to hold the highest percentage of their manufacturer’s suggested retail price following a three-year period of ownership.

Retail 105

Retail Term Customer Management 105

Auto Remarketing

NOVEMBER 17, 2023

The world of car dealerships is a dynamic and ever-evolving industry that operates in tandem with economic cycles. In a down market, car dealerships face unique challenges that test their adaptability and resilience. Having insight at CarOffer into thousands of dealerships nationwide, it is interesting to see what some of the best dealers are doing in these more challenging times.

Marketing 105

Marketing Dealerships Finance Management 105

Auto Remarketing

NOVEMBER 28, 2023

Two of the experts at Experian Automotive — John Howard and Kirsten Von Busch — spent part of their time at Used Car Week discussing electric vehicles for this episode of the Auto Remarketing Podcast. Howard and Von Busch recapped what the industry has learned about EV retailing and more this year. The conversation can be found in the window below. The post PODCAST: What we’ve learned about EVs in 2023 appeared first on Auto Remarketing.

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Retail Automotive 104

Auto Remarketing

NOVEMBER 13, 2023

The picture of how wholesale used-vehicle prices behaved in October and what’s in store for the final two months of the year may very well depend on what data set you’re considering. Black Book’s Used Vehicle Retention Index came in at 161.0 for October, up 1.1% from September and down 7.6% year-over-year. It remains 41% higher than March 2020. That index is based on Black Book’s published wholesale average value of 2- to 6-year-old used vehicles, as a percent of original MSRP for typically equ

MSRP 96

MSRP Management Marketing 96

Jalopnik

NOVEMBER 27, 2023

The Tesla Semi launch event was held on November 16th, 2017, exactly six years ago last week. At the end of that launch event, Elon Musk had a signature “one more thing” that was the unveiling of the incredible second-generation Tesla Roadster. Back then the car was promised to be delivered in 2020, which obviously… Read more.

Finance 72

Finance 72

Jalopnik

NOVEMBER 29, 2023

Ford’s EV dealer requirements have caused a bit of drama since they were announced in late 2022. With EV sales slowing , some dealers are getting antsy at the thought of sinking thousands or even millions of dollars into a lukewarm EV market. Still, 2,000 dealers bought into the program. Now, Electrek reports,… Read more.

Sales 72

Sales Marketing Finance 72

Jalopnik

NOVEMBER 27, 2023

Netflix essentially took a $62 million television contract out to the shed and shot it in the head, according to an ongoing arbitration case against director Carl Erik Rinsch. After an ambitious and expensive bet on an unproven director in 2018 , the deal had gone sour, the director allegedly lost his senses, and he’d… Read more.

Deal 72

Deal 72

Jalopnik

NOVEMBER 10, 2023

Desert climates are fascinating. While you might be roasting under a beating sun during the daytime, cool temperatures sweep in at night to bring you the opposite form of misery. According to Ross Brawn, who left Formula One Management ahead of the 2022 season but who had been around for initial talks regarding the Las… Read more.

Management 72

Management 72

Jalopnik

NOVEMBER 10, 2023

“Buying a car today is an investment into the future. I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset, not a depreciating asset.” Elon Musk said that in 2019 , and like many of his bold vision statements, has continually been proven wrong every minute of… Read more.

Finance 72

Finance 72

Jalopnik

NOVEMBER 9, 2023

It’s not exactly a secret that Elon Musk’s luck at Tesla didn’t translate well once he took over Twitter. Ad revenue is down , users are leaving and it’s become mostly useless for finding trustworthy news sources. And apparently, those problems have hit Musk hard. Even harder than any of us might have previously… Read more.

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Jalopnik

NOVEMBER 13, 2023

As it turns out, car dealers seem to know even less than buyers do when it comes to electric vehicles , and they don’t really seem too keen on learning about them. The Washington Post spoke with a number of customers who said dealers tried to redirect them to gas cars or gave them unclear or downright incorrect answers … Read more.

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Customer Buyer Dealerships Finance 72

Jalopnik

NOVEMBER 7, 2023

Allegedly, production of the Tesla Cybertruck will begin before the end of the year. At least that’s what Elon Musk says , and you know you can always trust a Musk timeline. As more videos come out showing pre-production prototypes, though, including quite a few broken ones , it’s starting to look like Elon Musk was… Read more.

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Jalopnik

NOVEMBER 1, 2023

If you believe Tesla, it’s really super duper close to being ready to begin production of the Cybertruck. Assuming the company actually manages to start building Cybertrucks before the end of the year, it sounds like the only version it will be making is a $100,000 version that has some people canceling their… Read more.

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Management 72

Jalopnik

NOVEMBER 13, 2023

Listen to the powers that be in Formula 1 , and you’ll likely believe that the inaugural Las Vegas Grand Prix will be a smashing success. It’s an unprecedented event, the series says, one that will transform the Las Vegas Strip into a high-speed race track for just four days in November. It’s going to be a riotous… Read more.

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Jalopnik

NOVEMBER 1, 2023

The news ahead of Formula 1's inaugural Grand Prix on the Las Vegas Strip has not been great since the event was announced, but the attempt to capitalize on the event has only increased: This week, the Taxicab Authority Board decided that all event fares will include a $15 surcharge , allegedly to compensate for the… Read more.

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Jalopnik

NOVEMBER 22, 2023

A Tesla Model Y was spotted clad in the electric automaker’s new colored paint protection film. The SUV in a forest green wrap was photographed by Tesla YouTube content creator DennisCW at Tesla’s location in Buena Park, California. The film was poorly applied to the vehicle, with several noticeable defects. Even… Read more.

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Jalopnik

NOVEMBER 22, 2023

Toyota is still moving forward with its plan to produce solid-state batteries that it says will give future electric vehicles a range of more than 900 miles. And while production won’t exactly start tomorrow, the current plan to begin in 2027 isn’t too terribly far in the future, either. Except, as it turns out,… Read more.

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Technology Finance Automotive 72

Jalopnik

NOVEMBER 21, 2023

Things have been touch-and-go for the television show nearest and dearest to almost every automotive enthusiast heart, and now the BBC says “Top Gear” is, for the time being, a no go. Read more.

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Automotive 70

Jalopnik

NOVEMBER 14, 2023

A flight from New York’s JFK airport to Belgium had to turn around after a horse got loose in the Boeing 747 ’s cargo hold shortly after takeoff. The incident was reconstructed on the aviation YouTube channel “You can see ATC ,” and claims it happened shortly after 6 p.m. EST on November 9. Read more.

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Cargo 69

Jalopnik

NOVEMBER 16, 2023

The National Transportation Safety Board is asking automakers to install anti-speeding technology in all new vehicles to cut down on the number of deaths caused by people driving way too fast , according to an NTSB post. Read more.

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Technology Management 69

Jalopnik

NOVEMBER 30, 2023

At the outset of the Boring Company’s plans to build a network of underground tunnels in Las Vegas , Elon Musk claimed that the Boring Company would build one mile of tunnel per week. At that rate, the proposed 68-mile network would have taken little more than one year to build out entirely. But seven years on, the Bori… Read more.

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Networking 69

Jalopnik

NOVEMBER 3, 2023

Construction of the Formula 1 track and its related infrastructure has Las Vegas residents up in arms. Speaking to residents there, it would seem that many don’t actually want the race to come at all; construction for everything is causing many headaches. Now residents have another headache they’ll have to deal with:… Read more.

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Deal 69

Jalopnik

NOVEMBER 14, 2023

It’s no secret that Mexican racer Pato O’Ward is one of the hottest commodities in motorsport right now. As an official member of the McLaren Driver Program, O’Ward will be taking a Formula 1 car out for practice ahead of the Abu Dhabi Grand Prix later in November, but during the racing season here in America, O’Ward… Read more.

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Jalopnik

NOVEMBER 23, 2023

We talk about racing a lot here at Jalopnik , but one race never gets mentioned, and it’s one of the biggest travesties in the history of auto racing: the 2005 Piston Cup. The race between Lightning McQueen, Chick Hicks and The King was a complete farce — riddled with terrible sportsmanship and even worse officiating. Read more.

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Jalopnik

NOVEMBER 20, 2023

Toyota’s in-house financing unit is being hit with $60 million in fines and restitution in an effort to settle charges from the Consumer Financial Protection Bureau that it illegally prevented borrowers from canceling product bundles – resulting in higher monthly car loan payments. Toyota Motor Credit will have to pay… Read more.

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Buyer Finance 71

Jalopnik

NOVEMBER 6, 2023

The bear population near Glacier National Park is staring down a 36 million pound problem of human creation , and it’s killing as many as eight grizzlies per year. There isn’t much in the wild that can take down a grizzly, but a stretch of rail line that goes over the Marias Pass in Montana is one of the predator’s… Read more.

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Jalopnik

NOVEMBER 6, 2023

The Texas Public Policy Foundation, a conservative organization funded at least in part by Chevron and ExxonMobil, recently published a paper condemning the production and purchase of electric vehicles on the basis that they’re socialist nightmare garbage or whatever. The paper asserts that the true cost of electric… Read more.

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Finance 69

Jalopnik

NOVEMBER 2, 2023

Besides the midsize trucks , sports cars and SUVs Ford brought to SEMA 2023, there was also a pretty basic Ford F-150 that was supposed to showcase Ford’s new vinyl wraps. But what the F-150 ended up doing instead was serve as yet another reminder that pickup trucks look so much better as single cab models. Read more.

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Jalopnik

NOVEMBER 16, 2023

Californian startup Lucid took a bold approach for its introduction to the world, launching in 2021 with the phenomenal Air , a large electric luxury sedan that entered a small, competitive segment of the auto market. Despite garnering tons of acclaim—including from me—the Air has been a slow seller and the brand has… Read more.

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Marketing 72

Jalopnik

NOVEMBER 28, 2023

There have been a lot of Tesla Cybertruck ‘release candidates’ on the back of tow trucks lately , but they’ve all been related to breakdowns. This time a Cybertruck driver parked in the wrong place and the city of San Francisco brought down its fist of righteous retribution to enact justice. If you’ve ever parked in… Read more.

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Jalopnik

NOVEMBER 21, 2023

Toyota unveiled its all-hybrid seventh-generation ‘widebody’ Camry last week, internally known as XV80, which will exclusively be powered by a hybrid powertrain as its signature long-selling V6 option will no longer be available. This is arguably as important a move for the brand in the U.S. market as the introduction… Read more.

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Marketing Technology Finance 68

Jalopnik

NOVEMBER 8, 2023

Toyota has been busy expanding its Crown lineup to include everything from a sport focused crossover to the weird but strangely attractive lifted sedan we get here in the U.S. While a rumored Crown crossover is expected to make its debut for the U.S. soon, we aren’t getting every variant as evidenced by Toyota’s… Read more.

Technology 68

Technology 68

Jalopnik

NOVEMBER 21, 2023

Thanks to Elon Musk , Tesla always seems to over promise or under deliver to the point of telling tales out of school. It looks as if Tesla’s insurance is no different as an in depth report from Reuters shows. Read more.

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Insurance 67