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Editor's Note: This is a small excerpt from Cherokee Media Group's upcoming “State of the Used Car Industry” report. The full report will be available this month. The prime reason vehicles are pricier to purchase in the wholesale market and will likely remain that way for years to come? Blame lack of supply. “The mix of the (used-vehicle supply) is different overall, volume is different,” Black Book chief data science officer Alex Yurchenko said during a presentation at the NIADA Convention in J
Today I learned that not only are drive-through trees a thing, but apparently jackasses with giant SUVs are muscling their way through the small openings, getting temporarily stuck. Will the wonders never cease? Read more.
Over the years, the FlexDealer team has worked hard to strike the right balance between meeting the individual needs of our dealer partners and managing the requirements set out by their OEM programs.
In the ever-changing world of automotive sales, staying ahead of the competition requires dealers to have a deep understanding of customers, not just what vehicle their current customers are driving. Equity mining, a specialized form of data mining, enables dealers to identify which of their current customers have positive equity in their vehicle and may be interested in purchasing a new one.
Cherokee Media Group senior editors Joe Overby and Nick Zulovich welcomed their newest teammate, Andrew Friedlander, for this installment of the Auto Remarketing Podcast recorded in Las Vegas at the 2023 NIADA Convention. The trio recapped some of the most interesting developments that surfaced at the event as well as looked ahead toward Used Car Week, which begins on Nov. 6 in Scottsdale, Ariz.
The last time I got a train here in America, it left me angry and uncomfortable for four hours as we covered a trip that would take half the time to drive. That’s not how trains should be. If you want to know how trains should really operate and perform, then you should look to Japan, which has pretty much perfected… Read more.
The “one pocket of strength” for the used-car market this year, as Cox Automotive chief economist Jonathan Smoke put it in a June presentation to the media and industry, has been the certified pre-owned segment. That certainly played out in preliminary first-half CPO sales results provided to Auto Remarketing by Motor Intelligence in early July. Through June, year-to-date CPO sales are estimated at.
The Car Dealer Power Awards are some of the most prestigious and hotly contested awards within the automotive industry. Organised by Car Dealer Magazine and voted for by motor dealerships, these awards mark not only the best car manufacturers to represent in the UK, but also the best motor trade suppliers to do business with, that’s why we’re absolutely thrilled that Spidersnet have been recognised again this year!
As we head into the second half of 2023, we need to keep an eye on the market trends that impact car dealer inventory levels. The global microchip shortage that plagued the industry for the past two years is easing up, and that means more new vehicles are being produced. However, new vehicle output is still projected to be 2.82 million 1 lower than original estimates.
Over that most joyous of explosion-based holidays, the 4th of July, we asked you what cars do you think are most ‘Murican. While the answer is technically Tesla and a whole bunch of Hondas , we were looking for for the car that brings the most American vibe. Read more.
Are we going to Live Stream the Dealer Growth Conference? (September 11 & 12, 2023 – Sunriver, Oregon) Short answer – I don’t know, we are considering it. Long answer – I am hesitant to offer Live Streaming, because I believe attending in person will bring you the greatest value: We are human beings. We are wired for social interactions. We learn from each other.
The seller of today’s Nice Price or No Dice M3 claims it to be “the most powerful production E30 convertible of all time.” Let’s see what such power might just be worth. Read more.
One of the ongoing refrains in the racing world is that pay drivers are a plague on the sport. Basically, folks aren’t all that impressed by a driver who got into something like Formula 1 just because they’ve got a ton of money and the right connections — and it’s also pretty common to hear fans complain that these… Read more.
The Dodge Hornet was sort of unexpected in Dodge’s lineup. Here’s a brand that isn’t as product starved as its Chrysler sibling, but still in need of something new. So by way of — rather controversially — Alfa Romeo, the brand gained the small crossover. Now Dodge has released more details and pricing on the 2024 Dodge… Read more.
There’s a moment when the Honda Beast — a CR-V outfitted with an IndyCar-spec engine — switches from electric to combustion power. For me, it happened just at pit exit of Putnam Park Road Course in rural Indiana: you’re cruising along in near silence, then with a guttural howl and a shudder, the hybrid engine kicks… Read more.
It’s a tough time to be an enormous aircraft these days, just ask the Boeing 747 that went out of production at the end of 2022. Now, after killing off its own super-sized passenger plane in 2021 , Airbus has brought production of its bonkers looking Beluga cargo plane to an end this week. Read more.
Good morning! It’s Thursday, July 6, 2023, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
If you ask me, we are in the midst of a golden age when it comes to cars. There are more cool vehicles being mad e right now than at pretty much any other time. Feel free to disagree with me. However, for today’s question, we aren’t focusing on the cars that are made with the express purpose of being cool like sports… Read more.
Ducati’s Monster is awesome. It’s pretty much always been awesome, too, since it was introduced back in the early 1990s. Since that time, it’s been iterated on and improved, embiggened and made more powerful, but it was always a pretty traditional Ducati. With the introduction of the current-generation Monster for the… Read more.
When the Toyota Land Cruiser was discontinued in the United States , enthusiasts were shocked. It was a successful, beloved vehicle, and in the blink of an eye it was gone — to be replaced, seemingly, only by its Lexus platform-mates. But now, the Land Cruiser is coming back , and it appears to be doing so in a new,… Read more.
Jeep updates the JL with new infotainment, technology and looks to help America's favorite off-roader tackle its natural habitat, the trails, even better.
Two firefighters were killed while battling a fire on a car carrier in Newark, New Jersey. The Grande Costa D’Avorio, an Italian roll-on-roll-off car and container ship, was docked at Port Newark when a fire broke out on board yesterday. The intensity of the blaze on the ship carrying over 1,000 vehicles injured… Read more.
Stop me if you’ve heard this one before : Tesla CEO Elon Musk claimed the automaker could have a fully self-driving car on the road by the end of the year on Thursday. Read more.
For a while, it felt like Ford was in the news pretty much all the time with yet another recall. But recently, it’s been Honda with the major recall news. Last month, the Japanese automaker announced a recall of more than a million vehicles because their rearview cameras may not work thanks to a faulty coaxial cable.… Read more.
When we last saw my F800GS project , things were looking dire. The bike was, to put it bluntly, deeply sketchy to ride. But I had a plan, a methodical approach to reduce the danger inherent in the bike by tackling its biggest issues first. This meant starting with the tires, tubes, wheel bearing, and head bearing. Read more.
Ford dropped a bombshell when it introduced the Maverick. Here was a smallish pickup with a hybrid engine that the company was going to sell for just over $20,000. We couldn’t believe it. Fast forward a couple of years, and Ford bit off more than they could chew. An insane customer response combined with supply chain… Read more.
A federal judge has decided that Rivian is going to have to face a lawsuit that alleges the automaker defrauded shareholders during its initial public offering back in 2021. According to Reuters , it all stems from claims that Rivian concealed the fact it had underpriced its R1T electric pickup and R1S electric SUV ,… Read more.
To many people, NASCAR is as American as apple pie and baseball. The stock car racing body has attracted competitors from all walks of life and nearly every corner of the globe. While the number of international drivers who have raced in NASCAR’s three national divisions has been few, there has been at least one… Read more.
Today’s Nice Price or No Dice 924 comes from the last year of production and with the ’S’ model it arguably went out with a bang. Let’s see if this slightly tired edition still offers some good bang for your buck. Read more.
Tires may be the most important part of your car, but for most people , buying tires is annoying at best and super frustrating at worst. This is compounded if you’re a car enthusiast and buying performance tires because you have so much information to contend with, and so much of it is subjective. Read more.
There are signs that this bonkers car market is improving and while some brands are using incentives to make prices a bit more palpable what people are actually paying is another story. Right now most dealers know that advertised prices over MSRP isn’t the best move, so some stores are just moving these markups to a… Read more.
For as long as there have been people, there have been the adventurous types. You know, the individuals that will push things closer and closer to the edge to get their kicks. These are the kinds of people that climb mountains, trek to the poles and undertake all manner of outlandish expeditions. Read more.
Dear rich people, I’ve got some sad news for you. As well as it being socially unacceptable to fly everywhere on private jets these days and increasingly risky to take some of your favorite outlandish holidays , it’s also looking like you might have missed your chance to buy a Lamborghini that doesn’t come with a plug… Read more.
Good morning! It’s Wednesday, July 5, 2023 and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
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