Auto Remarketing

AUGUST 23, 2024

The slowdown in supply of later-model used vehicles is already having an impact in the retail car market, according to industry analyses released this month. But for $30,000 to $49,000 vehicles — which is the price range typical for 1- to 3-year-old used vehicles — inventory fell 15%, according to Cars Commerce.

Used Cars 105

Used Cars Retail Car Vehicle 105

Auto Remarketing

MARCH 11, 2024

The retail used-car market, including the certified pre-owned segment, showed some real strength last month, improving from both year-ago and January figures. Citing data from its vAuto business unit, Cox Automotive estimated that used-vehicle retail sales in February climbed 18% month-over-month and 5% year-over-year.

Used Cars 116

Used Cars Car Retail Automobile 116

Auto Remarketing

FEBRUARY 1, 2024

CARFAX report: New-car deals help fuel price drops As opposed to the wholesale market, used car retail price decreases actually accelerated in January, according to CARFAX’s latest report on that market. In turn, that is helping to drive down the cost of used cars.” Cars were down $400.

Retail 98

Retail Used Cars Trucking Car 98

AutoSuccess

FEBRUARY 15, 2024

Dealerships in 2024 will continue to face used car sourcing challenges. I recently read an article that netted the issue: “Dealers navigating a used-vehicle market that already allows little room for error are eyeing another obstacle: worsening used-car availability.”

Used Cars 52

Used Cars Car Vehicle Management 52

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,

Vehicle 64

Vehicle Retail Automotive Used Cars 64

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 Meanwhile, Cox Automotive’s Manheim Used Vehicle Value Index came in at 201.6 for July, which was down 1.1% month-over-month and off 15.2% from July 2023. for July, which was up 2.8%

Vehicle 52

Vehicle Retail Used Cars Automotive 52

Auto Remarketing

APRIL 10, 2024

First, we need to look at our “short-term gain” decisions we made back in 2020. New cars were at a premium that year, and many dealers decided to “make hay while the sun shines” so, according to NADA, as a result, the new per-vehicle gross profit by 22% nationally. Meanwhile, used-car values are trending down.

Used Cars 52

Used Cars Retail Vehicle Car 52