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Tesla Model Y Named World’s Best-Selling Car In 2023

Tomorrow's Technician

Despite facing many challenges, the global automotive industry performed well in 2023, according to JATO Dynamics. JATO data and estimations showed that for 151 markets across the world, a total of 78.32 million new passenger cars were sold last year. Every region, except Africa, saw demand for new cars increase.

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Over-the-TOP Hyper-Targeted Marketing for Automotive Sales and Service

AutoSuccess

The automotive industry faces unique challenges in the digital age, where the car-buying process has significantly evolved. Over-the-TOP (OTT) Hyper-Targeted marketing offers a compelling solution, enabling dealerships to engage potential buyers effectively by leveraging streaming media.

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Used- and new-car patterns likely getting back to ‘normal’ in 2024

Auto Remarketing

That includes a “normal seasonal trend” when it comes to depreciation in the wholesale vehicle market, along with “modest growth trajectory” in the new-car segment, Black Book said in a report Monday. This is likely to change the age distribution of used-car supply. On the new-car side, Black Book is anticipating roughly 15.8

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Cox study shows dealership service lanes losing market share, consumer trust

Auto Remarketing

in 2023, down from 35% in the most recent previous survey in 2021. Dealerships were preferred by 31% of the respondents, down from 35% in 2021. The report from Cox Automotive said vehicle owners are driving more and holding onto their vehicles longer because of high vehicle prices and interest rates. in 2021 but down from 2.8

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Cox survey finds dealer sentiment stable – at a pessimistic level

Auto Remarketing

In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. Of course, that’s not necessarily a good thing.

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Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

AutoSuccess

Running throughout the five themes is a welcome return to normalcy after four years of everything but normal, with nothing in the data suggesting surges in any direction, as the industry witnessed in 2021 and 2022. Meanwhile, the used EV market is expected to be the fastest-growing segment of the wholesale/used-vehicle market.

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The SMS Lifecycle

Autoshop Solutions

He says they have been in the automotive market for nearly 10 years. Significant Trends in Marketplace Cavan said Vehlo has tracked product usage trends through their products, including AROs created, revenue generated, car count, and other metrics. He says they have seen an increase in ARO by about 20 percent since 2021.

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