Auto Remarketing

FEBRUARY 16, 2024

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%

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AutoSuccess

FEBRUARY 15, 2024

Dealerships in 2024 will continue to face used car sourcing challenges. I recently read an article that netted the issue: “Dealers navigating a used-vehicle market that already allows little room for error are eyeing another obstacle: worsening used-car availability.”

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Auto Remarketing

JANUARY 18, 2024

Same goes for the used-car market, it seems. Despite a slowdown from the prior month and the heights reached in the summer, used-car sales in December capped what ended up being a pretty solid year, according to Cox Automotive. In fact, used-car sales (overall and retail) fell sequentially in both November and December.

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Auto Remarketing

NOVEMBER 22, 2023

Just before finishing his time at Used Car Week, CarGurus director of industry analytics Kevin Roberts took a few moments to appear again on the Auto Remarketing Podcast. Roberts shared some tidbits from CarGurus’ upcoming report recapping this year’s used-vehicle market as well as what trends he’ll be watching closely in 2024.

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Autoblog: Repairs

FEBRUARY 14, 2024

Filed under: Honda , Toyota , Car Buying , Used Car Buying , Auto Repair , Ownership Continue reading 12 new cars that last the longest in 2024 12 new cars that last the longest in 2024 originally appeared on Autoblog on Wed, 14 Feb 2024 12:15:00 EST. Please see our terms for use of feeds.

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Autoblog: Repairs

JANUARY 31, 2024

Filed under: Car Buying , Used Car Buying , Auto Repair , Driving , Maintenance , Ownership , Truck Continue reading Best used pickup trucks for the money in 2024 Best used pickup trucks for the money in 2024 originally appeared on Autoblog on Wed, 31 Jan 2024 14:55:00 EST. Please see our terms for use of feeds.

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Auto Remarketing

JANUARY 3, 2024

million-unit deficit in the number of 1- to 3-year-old vehicles expected to re-enter the pre-owned car market in the near future, leading to a “sparse and expensive” picture for dealers’ used-car inventories, Cars Commerce says in its 2024 Automotive Trends report released Wednesday. There is roughly a 10.2

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Used Cars Car Utilities Automotive 52

Autoblog: Maintainence

FEBRUARY 8, 2024

Filed under: Car Buying , Used Car Buying , Maintenance Continue reading The most expensive vehicles to buy parts for in 2024 The most expensive vehicles to buy parts for in 2024 originally appeared on Autoblog on Thu, 8 Feb 2024 14:00:00 EST. Please see our terms for use of feeds.

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Vehicle Used Cars Car 74

Autoblog: Repairs

JANUARY 31, 2024

Filed under: Car Buying , Used Car Buying , Auto Repair , Driving , Maintenance , Ownership , Crossover , SUV Continue reading Best used SUVs for the money in 2024: Long-lasting, reliable machines Best used SUVs for the money in 2024: Long-lasting, reliable machines originally appeared on Autoblog on Wed, 31 Jan 2024 14:40:00 EST. Please see our terms (..)

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autoevolution

DECEMBER 25, 2023

The 2024 model is still listed on the official website next to the lesser derivatives, yet this story isn't dedicated to a brand-new copy but to a used one. The Ram 1500 TRX is on its dying bed, as the automaker has decided it to send it off with the Final Edition. What we ha. continue reading. )

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Autoblog: Repairs

JANUARY 16, 2024

Filed under: Green , Tesla , Used Car Buying , Auto Repair , Electric Continue reading Hertz's Tesla liquidation sale likely means more depreciation for used EVs Hertz's Tesla liquidation sale likely means more depreciation for used EVs originally appeared on Autoblog on Tue, 16 Jan 2024 18:03:00 EST. Please see our terms for use of feeds.

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Auto Remarketing

JANUARY 29, 2024

“Normal” hasn’t often been a word to describe the auto industry in the last four years, but 2024 could be the return of stability and typical market patterns. The data suggests a promising bounce back for the automotive market in 2024,” Black Book chief data officer Alex Yurchenko said in a news release accompanying the report.

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Car Automotive Marketing Retail Used Cars 98

autoevolution

APRIL 12, 2024

A brand-new 2024 Mercedes-AMG ONE has just been delivered and is already for sale. With Mercedes failing to impose a no-resale policy to prevent car flipping, the ultra-limited run model is the second that already ended up on the used car market.

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Used Cars Car IT 40

autoevolution

APRIL 11, 2024

But Tesla announced the model is sold out for 2024 and the frenzy is back. The used car market is a car flippers’ paradise. There were Tesla Cybertrucks that failed to sell even though their prices were not much higher than their MRSP. That is more than double its MRSP. A Cybertruck Foun. continue reading. )

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IT Used Cars Car 97

autoevolution

MAY 20, 2024

If you’re trying to sell a 2024 Chevrolet Corvette Z06 at auction, may I suggest looking at a few websites that specialize in used car sales? There are currently hundreds of new Z06 Vettes on the used market. The reason why you’d want to do that is simple. There’s no shortage of supply.

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AutoSuccess

MARCH 14, 2024

1 Review statistics and winner selection is based on data from DealerRater, a leading reputation management and car-dealer review platform that is part of the Cars.com Inc. The post Cars.com 2024 Dealer of the Year Awards appeared first on AutoSuccessOnline. More than 195,000 dealership employees received over 1.4 increase from 2022.

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Auto Remarketing

MAY 8, 2024

Over 4% of Carvana’s sales in the first quarter were battery-electric vehicles, more than doubling their share of sales from Q1 2023, according to a study released Wednesday by the online used-car retailer. And while in the overall used-car market, BEVs commanded less than 1% share of sales for full-year 2023, 7.6%

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Jalopnik

FEBRUARY 24, 2024

auto industry has largely recovered from the supply chain issues that drove the cost of new cars through the roof and brought the price of used cars up along with it. Not all new cars are selling below MSRP now, but enough are that you can generally expect to find a deal if you’re willing to shop… Read more.

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Used Cars Car Automobile IT 35

Auto Remarketing

MAY 15, 2024

Edmunds director of insights Ivan Drury highlighted multiple tailwinds that could help the retailing of used cars. The return of holdout buyers should help bolster the supply of more affordable, older used vehicles. But as 2024 resembles a more familiar market, trade-ins of older vehicles have begun to return,” he continued. “In

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Auto Remarketing

MARCH 22, 2024

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. Listen to the episode in the window below.

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AutoSuccess

FEBRUARY 27, 2024

However, consumers have remained resilient since the pandemic, and there is still pent-up demand for new and used vehicles as we enter 2024. Based on our fourth annual industry report looking at F&I product trends, here is the F&I outlook entering 2024.

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AutoSuccess

FEBRUARY 19, 2024

FrogData announced the release of its AI-Connected Dealership Platform at NADA 2024.This These models analyze data to generate insights and recommendations that significantly improve decision-making in areas such as used car pricing, customer engagement, sales process optimization, and service operations efficiency.

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Auto Remarketing

FEBRUARY 1, 2024

CARFAX report: New-car deals help fuel price drops As opposed to the wholesale market, used car retail price decreases actually accelerated in January, according to CARFAX’s latest report on that market. The CARFAX report attributed that trend to new-car inventory, which the report said is at its highest level in three years.

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AutoSuccess

JANUARY 4, 2024

Dealers today enjoy more predictable used car results because they leverage strategic reconditioning software’s robust efficiency metrics called time-to-line or T2L, a process we introduced to the market in 2010. The profitability of used cars has been, until now, primarily determined by demand and availability.

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Jalopnik

FEBRUARY 19, 2024

auto industry has largely recovered from the supply chain issues that drove the cost of new cars through the roof and brought the price of used cars up along with it. Not all new cars are selling below MSRP now, but enough are that you can generally expect to find a deal if you’re willing to shop… Read more.

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Car Used Cars IT Trucking 64

Auto Remarketing

DECEMBER 8, 2023

The company’s Manheim Used Vehicle Value Index released Thursday shows that wholesale values (when adjusting for mix, mileage and seasonality) fell 2.1% December is expected to be steady, with projections for an even-keel 2024. month-over-month in November, while declining 5.8% year-over-year. sequentially and 7.5% from November 2022.

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Auto Remarketing

DECEMBER 13, 2023

I mean come on, what else can they throw at us? Oh, yeah: 2024 is an election year! The used-car market is definitely showing signs of declining prices. As we navigate from one crisis to another, one reality shines through: We are one resilient industry. We knew the market would have to correct itself eventually.

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AutoSuccess

APRIL 5, 2024

Car Pros Honda El Monte has been part of the Car Pros Automotive Group since 2019, achieving unprecedented growth with a 4-year compound annual growth rate of 22.43%. Additionally, Car Pros Honda El Monte ranked in the Top 20 in the nation for the first two months of 2024. million units, which reflects an impressive 31.2%

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AutoSuccess

MARCH 1, 2024

In the automotive sales industry, a significant shift is underway, marked by the evolution of vehicle appraisal tools that are enhancing accuracy and instilling confidence among used car managers. Traditionally, dealerships have relied on inventory tools that use market data to price their inventory.

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AutoSuccess

MARCH 19, 2024

Beginning in the second half of 2022, the index has dropped significantly and, in Q1 2024, hit 41 – the lowest point in the survey’s history excluding Q2 2020. “After some highly profitable years for many dealers, 2024 will be a tough comparison. . The Q1 2024 CADSI is based on 1,018 U.S. 4 on the list.

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AutoSuccess

MAY 7, 2024

Cox Automotive is rolling out its used car industry solution that will measure the EV battery health for each specific VIN across Manheim. The company expects that number to double in 2024 and continue increasing in the coming years. Visit coxautoinc.com.

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Auto Remarketing

FEBRUARY 1, 2024

There are some core principles that can help dealers identify the fastest-selling, most profitable used cars with the highest return on investment. What sells well new sells well Retail price the car for 50% of what it sold for when it was new. That’s the 2024 sales recipe for success.

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AutoSuccess

APRIL 9, 2024

The 70,000 square foot space includes an Imaged Toyota Showroom with an attached service center, and a Used Car Showroom located next door at 13813 Brookpark Road. Steve Corle of the Tim Lamb Group represented both family-owned agencies in the transaction that closed on Monday, March 18, 2024.

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AutoSuccess

FEBRUARY 1, 2024

Car Wars is announcing new and upcoming technology advancements at NADA 2024, Feb. Car Wars said in a press release its mission is to maximize the vast potential of AI and large language models while strongly utilizing the human element at the core of their approach.

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AutoSuccess

FEBRUARY 16, 2024

Now, with the dealership celebrating its 10-year anniversary in 2024, Church isn’t looking to rest on her laurels. “I So, as a GM, it’s very important to me that my service manager knows that he is just as important as the person who manages my new and my used car inventory.

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AutoSuccess

FEBRUARY 7, 2024

Repair OnDemand launched several solutions at NADA 2024 that will represent an end-to-end solution for automotive reconditioners.

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