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To celebrate the 25th anniversary of UsedCar Week, Cherokee Media Group has launched the UCW Hall of Fame to recognize executives who have played an important role in the development, growth and success of UsedCar Week over time. 18 in Scottsdale, Ariz. 18 in Scottsdale, Ariz. Listen to the conversations below.
At the upcoming Auto Intel Summit in April, Cherokee Media Group is launching the Automotive Intelligence Awards , which expands the program previously known as the Emerging 8. For the seventh year, Cherokee Media Group will honor companies that improve a specific aspect of the automotive industry through technology.
There’s “snow” rest for the weary in the car business. Plus, Von Busch goes into detail about Experian’s special report on the used-car market. Listen to the conversation in the window below.
It was good news, bad news for the retail used-car market in January. Used-car demand fell over 7% from January 2023, but was up almost 14% from December. And both supply of and demand for used EVs is rising, and prices are softening. Used-car demand fell 7.6% Used prices dropped 2.9%
Editor's Note: This is a small excerpt from Cherokee Media Group's upcoming “State of the UsedCar Industry” report. 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 June.
Similarly, a sudden drop in usedcar prices from post-COVID highs resulted in many vehicles not being repaired. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate. He is based out of Toronto.
Like the Earp brothers in “Tombstone,” the used-car industry is reuniting in Arizona this year for UsedCar Week. While the sunshine, balmy climate and cool desert nights remain, much has changed in the five years since UsedCar Week made its way to the Grand Canyon State.
We continue our episodes of the Auto Remarketing Podcast originating from UsedCar Week 2024 in Scottsdale, Ariz., Moderated by Cherokee Media Groups Joe Overby, the opposing points of view on EVs came from Steve Greenfield of Automotive Ventures and Scott Case of Recurrent.
We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from UsedCar Week 2023. This episode features a conversation with Steve Greenfield of Automotive Ventures and the industry personality all over social media who is known as CarDealershipGuy.
Louisos, host of the PAL Podcast, will be among close to 20 podcasters recording shows on the podcast stage at UsedCar Week, which runs Nov. The post PODCAST: What to watch for at UsedCar Week appeared first on Auto Remarketing. 6-9 at the Westin Kierland in Scottsdale, Ariz. Listen to the full episode below.
The Cherokee Media Group team wishes you a safe and happy holiday season and a joyous new year. Warm wishes for a happy and safe holiday season from all of us! The post Happy holidays from Cherokee Media Group & best wishes for new year appeared first on Auto Remarketing. We look forward to another outstanding year in 2025.
Used vehicle acquisition is competitive, expensive and nuanced, even for the best car dealers. While some dealerships are happy sending their usedcar manager to the auction, others who aren’t satisfied with that approach need to get a little scrappy and think outside the box. Where Do You Find Them? More on this later.
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 post PODCAST: Cherokee Media Group recaps 2023 NIADA Convention appeared first on Auto Remarketing.
As 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. More details to come.
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.
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. Roberts, who is from Detroit, has a deep family background in automotive.
He knows cars and The Cars. Listen to his conversation with Cherokee Media Group senior editor Joe Overby in the window below. He knows the housing market and house music. These companies will be honored for improving a specific aspect of the business through technology.
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.
As 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.
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.
I'm spending less time on social media these days, including YouTube. I also try to avoid the usedcar/motorcycle market as much as possible. As I grow older, I try eliminating as many bad habits as possible. I haven't looked at bikes for sale for at least a few weeks now.
The company is uniting its various commercial brand names under Cars Commerce and doubling down on its platform strategy to better connect the industry with a simplified and tierless technology that spans pretail, retail and post-sale activities. Cars.com Inc. announced a new enterprise brand name in a recent press release.
Before spending a few minutes with Cherokee Media Group to elaborate about the used-car market , National Automobile Dealers Association chief economist Patrick Manzi gave a press conference on the NADA Live Stage.
He sat down with Cherokee Media Group senior editor Joe Overby for a conversation about the data metrics that dealers should watch to maximize profitability and how he prepares for conferences as a solo speaker, moderator and panelist.
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. Through June, year-to-date CPO sales are estimated at.
UsedCar Week is returning to Scottsdale, Ariz., 6-9, and Cherokee Media Group is once again thrilled at the opportunity to get the movers and shakers in the business together in person. And UsedCar Week is known for bringing some of the used-car industry’s top leaders together in one place.
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. While high-end cars may see reduced demand, affordable, fuel-efficient vehicles may become more popular.
Moderated by Cherokee Media Group’s Joe Overby, Greenfield and Case sparred for more than 30 minutes, setting the stage for another potential meeting at this year’s UsedCar Week. Listen to the conversation in the window below.
This enhancement introduces new solutions focused on UsedCar Pricing, Service Management, and New Car Sales Negotiation, further empowering dealerships to optimize their operations and profitability.
Next up on our series of Auto Remarketing Podcast episodes from the Canada’s UsedCar Week Podcast Stage is a conversation with Megan Mahon, head of sales enablement at Premier Truck Rental.
Rapid Recon has announced in a press release a new complimentary feature for users of the company’s T2L usedcar reconditioning workflow software. Custom Forms is designed to help auto dealers personalize, customize and digitize the many forms used in fixed and variable operations.
After pouring countless amounts of energy into the never-pretty process of getting usedcars through the shop faster and on the lot for sale — then what? It’s common knowledge that the real rewards and internal gains only come when the car finds its new owner. Plus, selling them quicker means more in the profit column.
Imagine you’re in the market for a usedcar and stumble upon a dealership’s website that welcomes you into a unique, colorful, interactive and informative-rich virtual showroom for each vehicle in your usedcar inventory. contributes to a significant $589 average gross profit increase per usedcar.
Understanding inventory risk management in the data age Car dealers today have a wealth of data to help sell vehicles from their lot. Today, dealers are leveraging 190 different data points to help sell a car. It’s no longer just about identifying the VIN number on a vehicle. million and 1.2 million units, a roughly 2.6%
Could they sell cars without knowing the features and benefits, as well as your road to the sale? With profit margins on new and usedcar sales waning, your service department controls a significant percentage of your profitability. Would you ever consider letting a member of your sales team on the floor without any training?
Understanding Inventory Risk Management in the Data Age Car dealers today have a wealth of data to help sell vehicles from their lot. Today, dealers are leveraging 190 different data points to help sell a car. It’s no longer just about identifying the VIN number on a vehicle. million and 1.2 million units, a roughly 2.6%
Now, car sales have surpassed pre-COVID levels, and marketing budgets are surging as many dealers have realized the bottom is already behind us. Something the automotive SAAR doesn’t capture is the part that usedcar sales play in your store’s profitability. Forecasts are pointing to a rapid climb into 2025. The result?
Its not just about inventory management; rather, its the powerful intersection of inventory data, audience data, and media consumption data. Digital transformation is expected to also accelerate significantly in 2025, with dealers investing heavily in platforms offering a seamless online car-buying experience.
It’s not just about inventory management; rather, it’s the powerful intersection of inventory data, audience data and media consumption data. Digital transformation is expected to also accelerate significantly in 2025 with dealers investing heavily in platforms offering a seamless online car-buying experience.
The supply of used vehicles. In Cox Automotives recent 2025 forecast call with industry media and analysts, chief economist Jonathan Smoke painted a rosy picture for whats ahead. And car shoppers, who had been hesitant to buy while waiting for rate cuts and election results, are now ready to pull the trigger. Smoke projects 2.5
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