AutoSuccess

MARCH 14, 2025

This is just one point above the all-time low of 33 in Q1 2024 (excluding Q2 2020 during the pandemic) and has been weak for over two years. For franchised dealers, the profit index declined from 45 in Q4 to 41 in Q1, matching the low score set one year ago (excluding Q2 2020). The new-vehicle inventory index peaked at 75 in Q1 2024.

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Automobile Electric Vehicles Insurance Automotive 52

Auto Remarketing

FEBRUARY 7, 2024

While car prices were high in 2023, car buyers — especially used-car buyers — were increasingly happier with their experience, according to the latest research from Cox Automotive. New-car buyers matched the all-time high 79% set in 2020, while 73% of used-car shoppers reported being highly satisfied, up from 70% in 2022.

Used Cars 52

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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

FEBRUARY 1, 2024

While the groundhog hasn’t delivered his forecast yet, it seems spring might be on the way in the wholesale car market. Used-vehicle prices were down again as January ended, but the pace of depreciation is decelerating, according to the latest report from Black Book. In turn, that is helping to drive down the cost of used cars.”

Retail 98

Retail Used Cars Trucking Car 98

Auto Remarketing

AUGUST 7, 2024

The movement in wholesale vehicle values for July varied from index to index, but in general, prices are down from a year ago, though they remain elevated from pre-pandemic levels. Starting with Black Book, its Used Vehicle Retention Index came in at 145.0 higher than the final pre-pandemic reading March 2020, however.

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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.

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Used Cars Retail Vehicle Car 52

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

Finance 52

Finance Used Cars Vehicle Car 52

Auto Remarketing

SEPTEMBER 15, 2023

UAW members started a labor strike early Friday morning at a trio of plants that make vehicles for Ford, General Motors and Stellantis. What’s going to happen to the market, especially for used vehicles? Despite vehicle prices declining from late 2022 through 2023, price levels remain elevated.

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Auto Remarketing

JANUARY 29, 2024

The transition to electric vehicles is currently generating millions of pixels. The once seemingly smooth path to an all-electric future is now strewn with some unexpected potholes, but one vehicle type in the current mix deserves some added attention. This, in turn, negatively affects the value of older EVs.

Electric Vehicles 52

Electric Vehicles Electricity Vehicle Engineering 52

AutoSuccess

MARCH 19, 2024

At 33, the profitability index fell to its second-lowest score ever, behind only Q2 2020, at the height of the COVID-19 pandemic. Beginning in the second half of 2022, the index has dropped significantly and, in Q1 2024, hit 41 – the lowest point in the survey’s history excluding Q2 2020. “The vehicle market in the U.S.

Automotive 52

Automotive Vehicle Automobile Electric Vehicles 52

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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Used Cars Retail Car Management 52

Auto Remarketing

JANUARY 21, 2025

The supply of used vehicles. But when it comes to used-car inventory, though, the outlook is bearish. New-car sales dropped considerably in 2020, 21 and 22, and those vehicles, which are right in the used-car sweet spot of 3-5 years old, are in short supply.

Used Cars 97

Used Cars Car Retail Vehicle 97

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.

Used Cars 96

Used Cars Car Trucking Vehicle 96

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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