Auto Remarketing

MAY 7, 2024

was the lowest it has been since March 2021, when it came in at 195.4, Compact cars (down 17.6%) had the heftiest decline, followed by midsize cars (down 16.8%) and pickups (down 15.2%), Cox said. The post Used-car values down 14% as Manheim index hits lowest level since March 2021 appeared first on Auto Remarketing.

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Auto Remarketing

SEPTEMBER 30, 2024

one autumn day in 2021. TO READ THE FULL STORY BECOME A MEMBER Login The post Used-car retailer CEOs: Widespread EV adoption will take time, effort appeared first on Auto Remarketing. Doug Campbell, then the senior vice president and head of fleet services for the Americas at Avis Budget Group, got a call at 4:30 a.m.

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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% Prices for used cars and trucks are still 16.9%

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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.”

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Automotive Fleet

SEPTEMBER 15, 2023

Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher. Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists.

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Auto Remarketing

JANUARY 18, 2024

Same goes for the used-car market, it seems. Despite a slowdown from the prior month and the heights reached in the summer, used-car sales in December capped what ended up being a pretty solid year, according to Cox Automotive. In fact, used-car sales (overall and retail) fell sequentially in both November and December.

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Auto Remarketing

MARCH 20, 2024

Sales of used cars and certified pre-owned vehicles took a big jump in February, thanks to falling prices that have widened the price gap between new and used vehicles, according to the latest State of the Dealer Report from ZeroSum. million used vehicles last month, up from 1.13 The report showed dealers moved 1.29

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Auto Remarketing

JANUARY 29, 2024

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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Auto Remarketing

OCTOBER 20, 2023

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. The top three things used-car managers should pay attention to right now are to be active buyers, reduce average inventory cost, and lean on market data for more informed decisions.

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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.”

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AutoSuccess

APRIL 19, 2024

The vehicle was purchased by Andrew and Angela DeLeo of Manheim Used Car Factory.

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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. It truly takes everybody to make Used Car Week a success,” she said.

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Auto Remarketing

JANUARY 17, 2024

Just like in 2022 and 2021. The Model 3 continued its dominance over the sector in the online used-car retailer’s annual list of its 10 best-selling EVs. The Model 3 is by far the top-selling used EV in the nation, according to data from iSeeCars. The Tesla Model 3 was the No. 4 rounded out the iSeeCars top 10 sellers.

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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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Auto Remarketing

JULY 2, 2024

Cox Automotive recapped a data point that’s of particular interest to used-car managers, noting that Tesla prices plummeted from $62,269 in January 2023 to $50,099 in December 2023, a decline of 19.5%. from Q2 2021. In Q4, Tesla said it delivered 484,507 vehicles and manufactured 494,989 units. Hybrid 6.9% Mild hybrid 7.6%

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AutoSuccess

DECEMBER 13, 2024

. “We saw a surge in the outlook, technically the largest surge we have had quarterly in the history of the data, and it gets us back to Q2 2022 levels,” noted Smoke. “It is the best fourth quarter since 2021, which was the most profitable quarter in dealer history.” Views of the U.S.

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AutoSuccess

MARCH 19, 2024

After peaking at 60 in 2021, the profitability index has continued to decrease, hitting a post-pandemic low for the second straight quarter in Q1, indicating most dealers see profits as weak, not strong. The overall profits index hit an all-time high of 60 in Q3 2021 and has been sliding ever since. economy was shut down.

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Auto Remarketing

JUNE 12, 2024

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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AutoSuccess

JUNE 11, 2024

The profit index, for example, increased for the first time since Q3 2021. With moderate incentives since 2021, dealers consistently describe their current OEM new-vehicle incentives as small. Conversely, the used-vehicle sales index remains under the 50 threshold, indicating a weak market.

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Auto Remarketing

JANUARY 21, 2025

And car shoppers, who had been hesitant to buy while waiting for rate cuts and election results, are now ready to pull the trigger. But when it comes to used-car inventory, though, the outlook is bearish. But when it comes to used-car inventory, though, the outlook is bearish.

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Auto Remarketing

JULY 23, 2024

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. That’s the lowest reading in Edmunds’ data set that went back to 2019. It does not include direct-to-consumer sales. in May 2024 and 7.3%

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