Auto Remarketing

APRIL 12, 2024

At the same time, used-car prices plummeted 5.1% March’s data shows the new- and used-car markets are adjusting,” the Cars Commerce analysis said, “with new-car prices continuing to drop and used-car prices hitting their lowest point in years, signaling a move toward more typical pricing.”

Car 111

Car Used Cars Electric Vehicles Vehicle 111

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. Since 2019, Manheim has invested more than $200 million in EV infrastructure and process improvements. Manheim has been preparing for the influx of EVs into the wholesale marketplace.

Automotive 52

Automotive Vehicle Transportation Used Cars 52

AutoSuccess

JUNE 11, 2024

This indicates that dealers feel pressure to lower prices while still facing challenges in offering the value consumers expect, as incentives remain below 2018 and 2019 levels. Electric Vehicle Sales Sentiment Remains Weak Sentiment about electric vehicle (EV) sales fell to a new low in Q2.

Automobile 52

Automobile Automotive Vehicle Retail 52

Auto Remarketing

JULY 23, 2024

Edmunds shared a wide array of electric-vehicle information on Tuesday, including insights about trade-in activities at dealerships involving a Tesla. Perhaps of most interest to used-car managers, Edmunds said that its data through June showed 51% of all Teslas traded in to a dealership went toward a purchase or lease of a new ICE vehicle.

Electric Vehicles 52

Electric Vehicles Vehicle Electricity Used Cars 52