Top Stories
Wholesale used-vehicle prices rise 2% year over year in October. Read More
Collision repair shops offer an early look at economic pressures facing auto industry. Read More
Tesla to refund Cybertruck deposits as production winds down. Read More
BMW expands battery supplier network in U.S. and Europe. Read More
Featured Interviews
AutoVision President on the missed opportunities dealers face with CPO
Certified pre-owned (CPO) vehicles could be a bigger opportunity for dealerships, but many aren’t promoting them enough. With consumers watching their budgets and holding onto vehicles longer, Babak Mofrad, President of AutoVision, believes dealers have an opportunity to make CPO a more important part of their used-vehicle strategy. Speaking on the latest episode of Inside Automotive, ahead of Used Car Week, Mofrad said CPO sales account for less than 2% of all used-vehicle sales, based on his estimate. Yet he sees plenty of room for growth, particularly among franchise dealers that haven’t prioritized it. Watch the full segment here.
Toyota and Lexus dealership values hit records, Kerrigan Advisors says
Dealer results still depend heavily on brand, but hybrid demand, affordability pressures, and higher interest rates are benefiting some franchises and straining others. These effects are reflected in days’ supply, earnings, and buy-sell activity. Joining us on today’s episode of Inside Automotive is Ryan Kerrigan, Managing Director at Kerrigan Advisors, to discuss how Toyota and Lexus dealership values have reached levels the buy-sell market has never seen, even as inventory nears 3 million units. Watch the full segment here.
Tune in to CBT Live
Join us today at noon Eastern for another episode of CBT Live. Co-hosts Jim and Bridget Fitzpatrick break down the day’s top automotive stories and sit down with the leaders shaping the industry. Today’s lineup features Jeff Cowan, President of Jeff Cowan’s Pro Talk, and Steve Banrowczak, Former CEO of Xerox.
Watch live at noon every weekday on our social channels: YouTube, TikTok, LinkedIn, Instagram, and Facebook.
