Remove 2023 Remove Electric Vehicles Remove Used Cars
article thumbnail

Used-car sales climb about 11% & move at faster clip

Auto Remarketing

It was March momentum for the retail used-car market. million used vehicles, which was a 10.9% gain from March 2023 and up 18.5% million used vehicles, compared to 4.29 million the same period of 2023, Cox data shows. million used vehicles, compared to 4.29 from January.

Used Cars 105
article thumbnail

PODCAST: What we’ve learned about EVs in 2023

Auto Remarketing

Two of the experts at Experian Automotive — John Howard and Kirsten Von Busch — spent part of their time at Used Car Week discussing electric vehicles for this episode of the Auto Remarketing Podcast. The post PODCAST: What we’ve learned about EVs in 2023 appeared first on Auto Remarketing.

Retail 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cars Commerce’s new look at used-car market tells an old story

Auto Remarketing

As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up 2.3% from August 2022.

article thumbnail

CARFAX adds month-over-month data to used-car price index; how that plays out in November

Auto Remarketing

The degree to which a vehicle’s price changes month-over-month might be more telling, in some cases, than the year-over-year change. With that in mind, CARFAX has added month-over-month insights to its Used Car Index reports, the first major change in these recaps since their April 2023 debut. car industry overall ?

article thumbnail

Cars Commerce report: All quiet on the used-car front

Auto Remarketing

The latest numbers from Cars Commerce show a new-car market in flux, with prices falling as excess inventory builds up. In the used-car world, on the other hand, all is calm and steady. The age of those used cars is steadily increasing, which means consumers are now getting an older car for the money than they had before.

article thumbnail

March brings surge of inventory, falling prices, Cars Commerce report finds

Auto Remarketing

higher than March 2023. At the same time, used-car prices plummeted 5.1% March’s data shows the new- and used-car markets are adjusting,” the Cars Commerce analysis said, “with new-car prices continuing to drop and used-car prices hitting their lowest point in years, signaling a move toward more typical pricing.”

Car 111
article thumbnail

Used EV selection increases, prices decline

Auto Remarketing

Affordability and availability of used electric vehicles is improving, and in some cases, so are sales. Over 4% of Carvana’s sales in the first quarter were battery-electric vehicles, more than doubling their share of sales from Q1 2023, according to a study released Wednesday by the online used-car retailer.