Premium Articles

For several years now, the U.S. auto industry has been working toward accelerating what it sees as the nation’s inevitable transition to electric vehicles. But is the nation along for the ride? As EV production continues to increase, consumer demand, at least for now, is ... [Read More]

Though used-vehicle sales last month softened from August, they beat year-ago figures. However, there remains some headwinds that should be watched, says Cox Automotive in a Data Point report Monday. The biggest bright spot in the used-car market remains ... [Read More]

The car shopper who wants a used vehicle, an electric vehicle or a used EV is likely to find a much better deal than they would have just a year ago. Used EV prices are at their lowest levels in more than two years, according to a Recurrent report, while a separate analysis from iSeeCars.com indicates that affordability for used vehicles and EVs in general has improved substantially since last fall. This news comes as the used EV population — and sales of these pre-owned electrics ... [Read More]

Year-to-date certified pre-owned sales crossed the 2 million-unit threshold in September and are up nearly 9% through three quarters of 2023, according to preliminary estimates from Motor Intelligence provided to Auto Remarketing. Based on data gathered from automakers and projected sales, the firm estimated Thursday there were ... [Read More]

Conrad Galambos, president of Solutions into Motion LTD, says vehicle theft should be everyone’s concern. And there is new technology out there to address it. It’s just not being used, says Galambos. Especially as organized crime is wreaking havoc on ... [Read More]

With the significant spikes in vehicle theft threats across Canada, many of the auto industry’s sectors stand to be impacted. Elliot Silverstein, director of government relations at CAA Insurance, spoke with Auto Remarketing Canada on the rise of vehicle theft and how it is impacting the insurance and finance sector, in particular. Silverstein has been watching the vehicle theft trends increase over the last year-and-a-half. He says this challenge ties into ... [Read More]

Vehicle theft rates in Canada have grown considerably since 2020 and the start of COVID-19, as vehicle supply — both new and used — contracted. Transport Canada is abreast of this challenge, and working to ensure its regulations for vehicle anti-theft devices and more are up to the task. In early September, the Equite Association, an investigator for the insurance bureau, called on Transport Canada to ... [Read More]

What does the auto buying journey look like in 2023?  To answer that question, Kijiji released its Buyer Pulse Survey for 2023 to paint an accurate picture of this consumer “journey”. A vehicle is likely the second most expensive item a consumer will buy and own in his or her lifetime. In line with that fact, the top paint point for consumers that showed up in the survey was ... [Read More]

Inflation clearly is the focus of the Federal Reserve nowadays. Chair Jerome Powell said “inflation” 20 times during his opening statement after policymakers decided unanimously on Wednesday to maintain the target range for the federal funds rate at 5.25% to 5.5%. “We understand the hardship that high inflation is causing, and we remain strongly committed to bringing inflation back down to our 2 percent goal,” Powell began during that opening statement. “Price stability is the responsibility of the Federal Reserve. Without price stability, the economy ... [Read More]

Folks still need personal vehicles. And for many, the used-car market is the only or best option. That’s one way to explain why year-to-date used retail sales through August have climbed 4.5% — growth that has occurred despite the headwinds of high prices and steep interest rates, says Cox Automotive. “Slightly lower used-vehicle prices, coupled […] [Read More]