article thumbnail

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

Auto Service World

Off-lease vehicles are a key source of product for the used car market. In the years leading up to the pandemic, new light vehicle sales peaked in 2017 and remained strong until 2019, with lease penetration rates exceeding 35 per cent.

Vehicle 274
article thumbnail

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

Auto Remarketing

And Black Book noticed wholesale prices for vehicles that might be affordable — midsized cars — edged up 0.14% last week. Smoke made his observation when he reported the average rate for used-car financing booked so far this month has increased 29 basis points to 14.42%.

Vehicle 105
Insiders

Sign Up for our Newsletter

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

article thumbnail

VW 2.0L TDI Diesel Service Opportunities

Tomorrow's Technician

You may have noticed that there are a lot of 2009-2015 diesel Jettas, Bugs and Golfs hitting used car lots. TDI VWs were purchased from customers in 2016 and 2017. If you look at their title history, you may see an interesting two-year gap where they racked up only 15 to 20 miles. These 2.0L

article thumbnail

Report shows consumers ‘speaking with their wallets’ on affordability concerns

Auto Remarketing

The car-buying public has a message for the used-car industry, and it’s this: We don’t want to pay too much for a vehicle. That message was clearly conveyed in CarGurus’ latest Quarterly Review, which found sales of lower-priced used cars rising and high-end vehicle sales falling. “As

Finance 52
article thumbnail

BA Auto Care, Columbia Maryland’s Top Independent Auto Repair Shop Celebrates 45 Years of “Looking Out For You and Your Car”

BA Auto Care

In 2017, we changed our name from British American Auto Care to BA Auto Care,” Mr. England says, “to make sure our customers know that we service more than just British and American cars.” It’s how we ensure the quality of our work and keep our customers coming back year after year.” “In