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How a lack of off-lease vehicle is hurting the used market

Auto Service World

The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market. Off-lease vehicles are a key source of product for the used car market. The long-term impact of these disruptions is now being felt, the consultancy reported.

Vehicle 274
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How wholesale vehicle prices are faring at June’s midpoint

Auto Remarketing

Weekly wholesale vehicle price declines are outpacing pre-pandemic norms. The average for the same week in 2017-2019 was a decrease of 0.27%, Black Book said. Car values fell 0.58%, following a 0.76% drop the prior week. During 2017-2019, the average change was a 0.35% decline. The 2017-2019 average was decrease of 0.22%.

Vehicle 98
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Lane watch: What only appreciating vehicle segment might be saying about market

Auto Remarketing

Perhaps it’s jumping to conclusions, but the only segment in Black Book’s tracking to squeeze out a wholesale value uptick last week might relate to vehicles in position to solve one of the pressing current challenges to get cars financed and retailed. As July comes to a close, the depreciation rate is stabilizing.

Vehicle 105
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Rivian Gen 2 Vehicles Are Delivered Without a Key Fob, New Owners Are Confused

autoevolution

Rivian followed in Tesla's footsteps by delivering its R1 Gen 2 vehicles without a physical key fob. Tesla surprised everyone in 2017 when it announced that the Model 3 would not have a key or fob like every car. The move was announced months ago, but new owners were still unpleasantly surprised. continue reading. )

Vehicle 52
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JD Power study shows decline in vehicle dependability

Auto Remarketing

Vehicle dependability is slipping, according to the latest research from J.D. Vehicle Dependability Study found vehicle owners are experiencing more problems after three years of ownership, which the research firm said indicates a decline in long-term vehicle dependability. Power 2024 U.S. Frank Hanley, J.D.

Vehicle 122
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SEMA files amicus brief opposing California’s ICE vehicle ban

Tire Review Magazine

The brief outlines SEMA’s support for a review of the lawfulness of the EPA’s decision to grant California the authority to limit the sale of internal combustion engine (ICE) vehicles. The post SEMA files amicus brief opposing California’s ICE vehicle ban appeared first on Tire Review Magazine.

Vehicle 52
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SEMA files amicus brief opposing California’s ICE vehicle ban

Tire Review Magazine

The brief outlines SEMA’s support for a review of the lawfulness of the EPA’s decision to grant California the authority to limit the sale of internal combustion engine (ICE) vehicles. The post SEMA files amicus brief opposing California’s ICE vehicle ban appeared first on Tire Review Magazine.

Vehicle 52