article thumbnail

Retail used-car market by the numbers: Supply, demand, prices & EV metrics

Auto Remarketing

It was good news, bad news for the retail used-car market in January. Data analysts from the company develop the report, which delves into a range of macro and micro auto market trends through analysis of supply, demand, pricing and consumer behavior across the various Cars Commerce platforms. from December.

Used Cars 105
article thumbnail

Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

AutoSuccess

auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. auto industry. auto market being steered by five key themes. In 2024, the used-vehicle market is expected to grow by less than 1%. million vehicles sold via retail channels.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Mixed views on March, but signs point to ‘normalcy’ in wholesale vehicle market

Auto Remarketing

Its chief data science officer suggests that this year’s spring market was rather robust and that Q1 showed normalization in the market. “We We are observing a stronger spring used auto market in terms of prices and wholesale activities this year,” Black Book’s Alex Yurchenko said in a news release. was down 14.7%

Vehicle 105
article thumbnail

COMMENTARY: AI and auto — perfecting pricing strategies

Auto Remarketing

In a traditional book value pricing method, auto remarketing dealerships list the base retail value on their website, leaving out factors such as mileage and vehicle condition. Generative AI analysis to ensure maximum ROI Generative AI allows auto marketing professionals to adjust the individual price points for each vehicle.

article thumbnail

Cox Automotive Makes World-Class Connections at NADA 2024

AutoSuccess

auto market in 2024 , auto dealers face many new challenges: tighter margins, new technology, and a shift to a more electrified future. Though Cox Automotive expects a return to normalcy in the U.S. In 2023, 69% of consumers were highly satisfied with the car buying process compared to 61% in the 2022 study.

article thumbnail

U.S. Auto Dealer Sentiment Improves in Q1, Market View Remains Weak

AutoSuccess

auto market is very different than it was just two years ago.” ” While the current market index, and many of the factors driving it, remains weak, the market outlook index improved significantly in Q1, jumping from 41 last quarter to 51 in Q1.