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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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% New car prices fell 0.2%

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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

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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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Auto Remarketing

OCTOBER 20, 2023

Several market dynamics are currently in motion creating an opportune moment to buy wholesale used vehicles. 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. Dealers that are actively sourcing vehicles can make money.

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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. Furthermore, the composition of available inventory in the used vehicle market is forecasted to shift.”

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AutoSuccess

APRIL 19, 2024

The vehicle was purchased by Andrew and Angela DeLeo of Manheim Used Car Factory. The festivities concluded with an evening gala that raised $86,000 for Aaron’s Acres through client donations and a live auction that featured artwork from the organization’s camp members, a trip to the Kentucky Derby and a 2023 Ford Bronco.

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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

JANUARY 17, 2024

1 electric vehicle choice among Carvana’s customers in 2023. 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.

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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 vehicle market in the U.S. Vehicle Sales Environment Improves from Q4 But Remains Below Year-Ago Levels According to U.S.

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Auto Remarketing

JULY 2, 2024

Tesla reported on Tuesday that it delivered 443,956 vehicles and manufactured 410,831 units during the second quarter. That delivery tally is up from the Q1 figure (386,810 vehicles), while the manufacturing number is lower (433,371 units). In Q4, Tesla said it delivered 484,507 vehicles and manufactured 494,989 units.

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AutoSuccess

JUNE 11, 2024

The profit index, for example, increased for the first time since Q3 2021. Retail vehicle sales have been fairly consistent so far this year, inventory has returned to reasonable levels, and we believe interest rates have likely hit a ceiling. The used-vehicle inventory index declined in Q2, which is not uncommon for the spring survey.

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Automobile Automotive Vehicle Retail 52

Auto Remarketing

JUNE 12, 2024

The overall dealer score of 42 for the current new- and used-vehicle market is well below the threshold of 50 that marks the dividing line between a strong and weak market. The used-vehicle sales environment score actually showed a slight uptick, but the increase from 40 to 42 is still decidedly on the “poor” end of the spectrum.

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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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