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Q3 marked ‘return to normalcy’ for used-car retail prices

Auto Remarketing

When it comes to used-car retail prices, the third quarter pointed to a “return to normalcy,” a trend that was particularly evident by this metric: late-model used cars have prices that are “notably below” those of new vehicles. Those numbers were well above $30,000 by the first quarter of 2022.

Used Cars 111
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2018 Remarketing Statistics

Automotive Fleet

Statistics covering vehicle remarketing in 2018. In this report, we cover a 20-year used vehicle value index, distribution of auction sales, retail lease penetration rate, wholesale used-vehicle price trends, and depreciation rates by segment.

Retail 52
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Bridgestone LaVergne Tire Plant Will Close

Tire Review Magazine

The plant had been recognized by PACCAR with a 2018 Quality Achievement Award. This includes its headquarters, Akron technology center, Bandag retreading sites, and 2,200 retail stores. The closure will impact approximately 700 hourly and staff employees. The LaVergne Tire Plant began manufacturing TBR tires in 1972.

Retail 75
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The Ferrari LaFerrari's Monocoque Costs Crazy Money To Replace, Are You Surprised?

autoevolution

The Prancing Horse of Maranello produced only 710 examples of the LaFerrari between June 2013 and August 2018. Penned by the peeps at Centro Stile Ferrari under the direction of Italian automobile designer Flavio Manzoni, the KERS-infused hypercar used to retail at $1.4 million sans options.

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Bridgestone LaVergne Tire Plant Will Close

Tire Review Magazine

The plant had been recognized by PACCAR with a 2018 Quality Achievement Award. This includes its headquarters, Akron technology center, Bandag retreading sites, and 2,200 retail stores. The closure will impact approximately 700 hourly and staff employees. The LaVergne Tire Plant began manufacturing TBR tires in 1972.

Retail 52
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Upfitter Backlogs Created by Strong Truck Demand

Automotive Fleet

Strong demand for light- and medium-duty trucks in the 2018 model-year increased order-to-delivery (OTD) times, resulting in widespread upfitter backlogs despite reduced fleet allocation availability due to competing strong retail demand for trucks.

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Customer satisfaction with EV service lags behind gas vehicles, J.D. Power study finds

Auto Remarketing

Power said dealers have actually lost ground in some areas, noting the average number of days customers must wait for an appointment is longer than it was from 2018 to 2022 and is only slightly better than in 2023 and 2024. Power director of automotive retail John Tenerovich said.

Vehicle 52