The State of the Used Car Industry - Summer 2024
When you open Auto Remarketing Today, SubPrime Auto Finance News Update or any other of Cherokee Media Group’s litany of daily, semiweekly or weekly enewsletters, chances are you’re looking for headline news.
The executive hires, M&A moves, industry metrics and tech news to give you a high-level and quick update on the used-car industry writ large at that very moment. This piece – our semiannual State of the Used Car Industry – is different. It offers an in-depth view into the machinations of four key segments of the used-car ecosystem (retail, wholesale, financing and collections) with more thoughtful analysis, context and supplemental data.
Scanning the headlines or reading the ticker at the bottom of the screen versus opening up the Sunday paper for hours of weekend longreads. The report delves into such topics as certified pre-owned sales, wholesale vehicle volumes and movement by vehicle segments, inflation, interest rates and other challenges to the consumer finance, as well as auto finance delinquencies, bankruptcies, regulatory matters and more.
A New Age of Digital Buying & Selling
The wholesale and retail segments of the automotive industry are shifting toward an increasingly digital future that seems poised to blend online and brick-and-mortar operations.
Want to better understand this trend?
Read our three-part report for data, insights, best practices and more.