Autoblog: Repairs

AUGUST 14, 2024

Vehicle prices continued a downward trend in July — the most of any major category in the Consumer Price Index (CPI) over the last year as the car market continues its return to "normal" following pandemic-fueled inflation. Used car prices fell 2.3% New car prices fell 0.2% New car prices fell 0.2%

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Used Cars Car Finance Vehicle 52

Autoblog: Repairs

SEPTEMBER 8, 2024

A while back, one automaker ran commercials saying something like, “The best new cars make the best used cars.” Consumer Reports recently put that thinking to the test with an evaluation of the brands and models that make the best used purchases , and there are few surprises with the top brands.

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Used Cars Car Engineering Vehicle 52

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.”

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Car Used Cars Electric Vehicles Vehicle 111

AutoSuccess

MARCH 28, 2024

A 2022 Bureau of Labor Statistics report reminds us that from the 2007 to 2009 recession — and through the onset of the pandemic in 2019 — “car and truck dealerships faced an economic shock and compressed profit margins on new vehicles.” These two critical variable functions are integrated today.

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Used Cars Management Retail Vehicle 93

Auto Remarketing

OCTOBER 20, 2023

Several market dynamics are currently in motion creating an opportune moment to buy wholesale used vehicles. However, there are a few things you should know to have a better chance of success when it comes to sourcing and managing your used vehicle inventory. Dealers that are actively sourcing vehicles can make money.

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Used Cars Management Car Retail 52

Auto Remarketing

OCTOBER 22, 2024

Power showed the numbers crunch unfolding that might again be pitting the used-car department versus the new-car division. And Cox Automotive reported last week that overall new-vehicle days’ supply stood at 81 at the start of October, just one day more than the 80 days analysts noticed October 2019.

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Trucking Retail Automotive Used Cars 98

Auto Remarketing

OCTOBER 24, 2023

Like the number of teams still alive in the MLB playoffs, used-car prices are dropping in October. Wholesale vehicle values climbed sequentially for the second straight month and were still astronomically high in September compared to pre-COVID levels, but signs indicate that October is seeing the usual autumn slowdown.

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Vehicle Used Cars Trucking Car 52

Tomorrow's Technician

JUNE 27, 2024

Although the dust has settled on the VW Diesel gate scandal, the story is still not over for diesel cars that were bought back by VW. You may have noticed that there are a lot of 2009-2015 diesel Jettas, Bugs and Golfs hitting used car lots. In late 2019, they started selling the fixed cars at auction to dealers.

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Engineering Oil Change Car Software 130

Auto Remarketing

OCTOBER 11, 2024

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

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Finance Used Cars Vehicle Car 52

AutoSuccess

APRIL 5, 2024

Car Pros Honda El Monte has received the 2023 Honda Masters Circle award from American Honda Motor Company Inc. for the second year in a row in recognition of being one of the top 50 Honda dealerships in America for their 2023 new vehicle sales performance. As a whole, it achieved record sales of more than $1.13 billion in 2022.

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Car Automotive Utilities Used Cars 52

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. In addition, the company is expanding LotVision’s capabilities of reporting battery health for each unique vehicle.

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Automotive Vehicle Transportation Used Cars 52

AutoSuccess

JUNE 11, 2024

Retail vehicle sales have been fairly consistent so far this year, inventory has returned to reasonable levels, and we believe interest rates have likely hit a ceiling. Still, a score above 50 suggests that more dealers view the new-vehicle sales market as strong rather than weak.

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Automobile Automotive Vehicle Retail 52

AutoSuccess

AUGUST 20, 2024

The truth is that there are very real market forces at play, which absolutely impact consumer interest, vehicle affordability, challenges desking deals and challenges running a profitable dealership. Something the automotive SAAR doesn’t capture is the part that used car sales play in your store’s profitability. The result?

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Consulting Retail Car Vehicle 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.

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Electric Vehicles Vehicle Electricity Used Cars 52