Auto Remarketing

OCTOBER 6, 2023

The wholesale used-vehicle market ended the third quarter with some stability, but the duration of that steadiness likely hinges on how the United Auto Workers strike unfolds. As one analyst put it, the used-car market has reached a “crossroads.” Black Book’s Used Vehicle Retention Index for September came in at 159.3,

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Auto Remarketing

OCTOBER 24, 2023

Used Car Week is returning to Scottsdale, Ariz., Used Car Week combines six different tracks in an effort to unite all corners of the used-car industry from the auction lanes to the dealer lot to the investment world and beyond. But no one knew yet just how big. You just cannot replace that human connection.

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Auto Remarketing

SEPTEMBER 15, 2023

My view is inventory levels, at least for a not too extended strike, are probably adequate to keep things going on the new-car front. On the used-car front, it’s a positive because for the very same reasons that I said the chip shortage was a positive used-car values, but maybe led to exorbitantly high values for a period of time. “To

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AutoSuccess

MARCH 19, 2024

The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. “The vehicle market in the U.S.

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Auto Remarketing

AUGUST 7, 2024

Starting with Black Book, its Used Vehicle Retention Index came in at 145.0 higher than the final pre-pandemic reading March 2020, however. “In for July, which was down 1.1% month-over-month and off 15.2% from July 2023. The latter “amplified the impact on the month,” Cox said; unadjusted, prices were up 0.6% year-over-yeear. “In

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Auto Remarketing

AUGUST 14, 2024

In sales, supply and demand added up to charging premiums above and beyond the suggested retail price on new models, and a 20% to 30% increase in used car pricing. The national labor rate, according to NADA Year End 2020, was $120 an hour; by year-end 2023, it was $173. In service, it meant bumping up the labor rate.

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Auto Remarketing

JANUARY 29, 2024

The overall average drop for 2020 EV models hit 29% in November 2023, unprecedented depreciation in a remarkably short period. While tax credits encouraging the purchase of older EVs might seem beneficial, they might inadvertently trap used car buyers into unexpected future costs. In the meantime, PHEVs can bridge that gap.

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Auto Remarketing

JANUARY 21, 2025

The supply of used vehicles. In Cox Automotives recent 2025 forecast call with industry media and analysts, chief economist Jonathan Smoke painted a rosy picture for whats ahead. But when it comes to used-car inventory, though, the outlook is bearish. less than in December 2023, the trend is now upward.

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Auto Remarketing

MARCH 5, 2025

If reliability and value are your customers top priorities for a used car, you might want to make sure the Honda Fit is on your lot. The subcompact hatchback, which was discontinued by Honda in 2020, is the most reliable 5- and 10-year-old vehicle for the money, according to the latest research from iSeeCars.

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