Auto Service World
OCTOBER 10, 2024
Despite a dip in September sales, Canada’s auto market maintains a robust year-to-date growth, driven by strong performances from key brands. Canada’s automotive market experienced a slight setback in September, with sales of new vehicles dropping 3.6 By the end of the third quarter, the market had reached 1.41
AutoSuccess
JANUARY 29, 2024
auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. auto industry. auto market being steered by five key themes. In 2024, the used-vehicle market is expected to grow by less than 1%. million units, up 3% from 2023.
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Auto Remarketing
APRIL 8, 2024
Wholesale vehicle prices last month were down double-digit-percentages from March 2023, but whether the close of the first quarter represented a strong spring market is up for some debate. Still, a common theme of “normalcy” certainly has emerged in the used-car market. It may depend on which industry index you’re observing.
Auto Remarketing
FEBRUARY 16, 2024
It was good news, bad news for the retail used-car market in January. Used-car demand fell over 7% from January 2023, but was up almost 14% from December. from January 2023, but jumped 13.7% Meanwhile, the used EV market should an altogether different trendline. from January 2023 and beat December levels by 9.2%.
AutoSuccess
SEPTEMBER 26, 2023
held mostly steady in Q3 2023 compared to Q2, as high interest rates and economic concerns weigh heavily on the U.S. auto market, according to the Cox Automotive Dealer Sentiment Index (CADSI). auto market is relatively balanced and consistent from last quarter. Overall dealer sentiment in the U.S. margin of error.
AutoSuccess
SEPTEMBER 6, 2024
Interest Rates : Interest rates for auto loans have risen sharply. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% Insurance Costs : Auto insurance premiums have soared, with Bankrate noting an average cost of $200 per month. for used car loans.
Auto Remarketing
OCTOBER 3, 2023
The latest study of car colors from iSeeCars shows gray rising in popularity, passing silver for third in market share behind perennial favorites white and black. of the market to 19.2%. auto market, representing 78.9% At the top of the list, white, at 26.2%, has overtaken black (21.8%) for the No.
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