Auto Remarketing

AUGUST 23, 2024

The slowdown in supply of later-model used vehicles is already having an impact in the retail car market, according to industry analyses released this month. Cars Commerce said in its latest Industry Insights Report that used-car inventory was up 1% year-over-year in July, due mostly to inventory of sub-$30,000 vehicles climbing 9%.

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Used Cars Retail Car Vehicle 105

Auto Remarketing

NOVEMBER 14, 2023

When it comes to used-car retail prices, the third quarter pointed to a “return to normalcy,” a trend that was particularly evident by this metric: late-model used cars have prices that are “notably below” those of new vehicles. drop in used vehicle prices compared to the typical 0.7% year-over-year drop.

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Used Cars Retail Car Vehicle 111

Auto Remarketing

MAY 28, 2024

When that shopper is waffling over whether the timing is right to buy a used car, here’s a selling point a dealer can pass along to that indecisive consumer, courtesy of CARFAX. As it stands, retail prices for used vehicles have slowed significantly year-over-year: used SUVs are down 9.5%

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Used Cars Car Retail Finance 109

Autoblog: Car News

DECEMBER 24, 2023

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Used Cars Car 103

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. And both supply of and demand for used EVs is rising, and prices are softening. Used-car demand fell 7.6% from January 2023, but jumped 13.7%

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Used Cars Retail Car Vehicle 105

Autoblog: Maintainence

OCTOBER 12, 2023

Filed under: Car Buying , Used Car Buying , Automotive History , Maintenance , Ownership , Classics Continue reading Here's $25,000, import a used car from Europe Here's $25,000, import a used car from Europe originally appeared on Autoblog on Thu, 12 Oct 2023 10:02:00 EDT.

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Used Cars Car Automotive 79

Auto Remarketing

MAY 23, 2024

from the April 2023 average of $16,468, according to the report. Power said in data released Thursday that used-car prices have averaged $28,470 this month. The post How used-car prices are faring this month in wholesale, retail markets appeared first on Auto Remarketing. Prices were down 0.3% That’s down 5.4%

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Auto Remarketing

SEPTEMBER 20, 2024

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% That was still up 11.5%

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Used Cars Car Vehicle Automotive Marketing 97

Auto Remarketing

NOVEMBER 28, 2023

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.

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Auto Remarketing

OCTOBER 4, 2023

In this installment of Auto Remarketing’s 40 Under 40 franchise, we feature the 2023 honorees in the “40 Under 40: Industry” program, which is sponsored by IAA and focuses on consignors, auctions, auto finance, vendors, tech companies, associations and other players within the used-car space.

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Finance Used Cars Automotive Car 111

autoevolution

AUGUST 26, 2024

Buying a used car that was previously declared stolen presents a mix of potential benefits and risks. According to the ad, this 2023 Dodge Durango SRT Hellcat shared that fate but. On the one hand, you could be dealing with a lower purchase price, so budget-conscious buyers might want to check their morals at the door.

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Insurance Used Cars IT Car 105

autoevolution

JUNE 5, 2024

April and May have brought with them a lot of meaningful data regarding C8 Corvette Z06 pricing on the used car market. These models never used to sell at under MSRP before, but in recent months, we’ve seen multiple instances where the owners were “forced” to accept less than what the car was worth originally.

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Used Cars IT Car 105

autoevolution

APRIL 27, 2024

Dodge recently unveiled the all-new Charger, with its ICE and EV power options, and it's getting ready to launch it, and Chevrolet dropped the sixth-gen Camaro at the end of 2023. As a result, muscle car shoppers looking for a brand-ne. continue reading. )

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Used Cars Car IT 104

Auto Remarketing

DECEMBER 13, 2023

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. The post USED CAR WEEK 2023 PODCAST: 1-on-1 with CarDealershipGuy appeared first on Auto Remarketing. Listen to the episode in the window below.

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Used Cars Car Media Automotive 52

autoevolution

MARCH 20, 2025

Amazon is planning to enter the used car market and help dealers sell pre-owned vehicles. The online retail giant has been selling new Hyundais since 2024, based on a partnership announced at the Los Angeles Auto Show in November 2023. Nowadays, you can buy used cars everywhere.

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Used Cars Finance Retail Car 59

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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Used Cars Retail Car Vehicle 52

autoevolution

APRIL 3, 2025

This 2023 Dodge Challenger SRT Demon 170 is one of just 40 cars built under the Demon 170 Jailbreak program, having originally cost $150,946 to purchase. Normally, one would expect such a vehicle to make some money on the used car market, maybe even an extra $50,000 to hit that sweet $200k mark.

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Used Cars Car Vehicle IT 52

autoevolution

MARCH 7, 2025

However, owners are prone to make a fortune selling their cars, the last HEMI-powered Challengers. A 2023 example has just hit the used car market and seems ready to go way above the MSRP. The automaker killed the HEMI and, with it, sent its most potent street-legal model ever through the back door.

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Used Cars Car IT 52

Auto Remarketing

JANUARY 10, 2024

The year closed a positive note, with dealers seeing approximately a 3% month-over-month rise in used-car sales in December, with year-over-year sales up 1%, Cox said, citing an initial estimate based on data from its vAuto unit. Software, marketing, and data firm ZeroSum also.

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Used Cars Car Retail Software 52

Auto Remarketing

OCTOBER 23, 2024

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.

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Used Cars Car Electric Vehicles Vehicle 52

Auto Remarketing

JULY 10, 2024

The used-car retail sales environment last month didn’t improve from May, but showed year-over-year growth in June, according to reports from industry observers. million used vehicles in June, which was steady with May, but up from 1.14 million in June 2023. million used units in July. million in June 2023.

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Used Cars Car Retail Vehicle 52

autoevolution

MAY 22, 2024

Prices for the Lucid Air electric sedan are in freefall on the used car market, and while it shouldn’t reflect poorly on the model itself, it goes to show just where we are as an industry in terms of second-hand EVs. It’s a reality that both private parties and dealerships should accept.

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Used Cars Electricity Car IT 96

Auto Remarketing

OCTOBER 25, 2023

Like the Earp brothers in “Tombstone,” the used-car industry is reuniting in Arizona this year for Used Car Week. While the sunshine, balmy climate and cool desert nights remain, much has changed in the five years since Used Car Week made its way to the Grand Canyon State.

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Used Cars Car Finance Retail 52

Auto Remarketing

FEBRUARY 27, 2024

Used-vehicle prices are showing a “typical seasonal rise” on a month-over month basis in the wholesale market but are down double-digits from early 2023. Meantime, used-vehicle prices on the retail side of the market “are in retreat” from peaks reached in May. Car prices were up 4.4% from January 2023.

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Used Cars Car Retail Trucking 52

Autoblog: Repairs

OCTOBER 4, 2023

Filed under: Government/Legal , Car Buying , Used Car Buying , Auto Repair , Insurance , Ownership Continue reading What is a branded title? Everything you need to know originally appeared on Autoblog on Wed, 4 Oct 2023 15:36:00 EDT. Please see our terms for use of feeds. Permalink | Email this | Comments

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Auto Repair Insurance Used Cars Car 98

Autoblog: Repairs

OCTOBER 4, 2023

Filed under: Government/Legal , Car Buying , Used Car Buying , Auto Repair , Insurance , Ownership Continue reading What is a branded title? Everything you need to know originally appeared on Autoblog on Wed, 4 Oct 2023 15:36:00 EDT. Please see our terms for use of feeds. Permalink | Email this | Comments

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Auto Repair Insurance Used Cars Car 98

Auto Remarketing

FEBRUARY 7, 2024

While car prices were high in 2023, car buyers — especially used-car buyers — were increasingly happier with their experience, according to the latest research from Cox Automotive. Car shoppers prefer an omnichannel approach. Still, that was down from 54% in the 2022 study.

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Used Cars Car Vehicle Automobile 52

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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Used Cars Car Vehicle Management 52

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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Used Cars Car Vehicle 52

Auto Remarketing

JULY 7, 2023

Cherokee Media Group senior editors Joe Overby and Nick Zulovich welcomed their newest teammate, Andrew Friedlander, for this installment of the Auto Remarketing Podcast recorded in Las Vegas at the 2023 NIADA Convention. The post PODCAST: Cherokee Media Group recaps 2023 NIADA Convention appeared first on Auto Remarketing.

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Media Used Cars Car 52

autoevolution

JANUARY 5, 2024

The Ford F-150 remained the most popular used car sold in the US in 2023. million used car sales from the last five years and calculated each model’s market share of used car sales nationally, but also within metropolitan areas and within states. But which was the most popular EV?

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Electric Cars Electricity Car Used Cars 52

Auto Remarketing

MAY 7, 2024

from April 2023. The post Used-car values down 14% as Manheim index hits lowest level since March 2021 appeared first on Auto Remarketing. SUV/CUV prices were off 14.6% year-over-year and luxury prices fell 12.9%. The decline for non-electric vehicles was at 13.1%, while EV values dropped 17.5%

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Used Cars Car Electric Vehicles Vehicle 52

Auto Remarketing

APRIL 12, 2024

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.”

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Car Used Cars Electric Vehicles Vehicle 111

autoevolution

SEPTEMBER 3, 2024

You’re looking at a highly specified 2023 Chevrolet Corvette Z06 Coupe with just 922 miles on the clock. We’ve been following the Z06 variant of the C8 Corvette on the used car market for a while now. At first, they were selling like hot cakes for an “infini. continue reading. )

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Used Cars Car IT 52

The Mechanic Doctor

SEPTEMBER 10, 2023

Selling your used car for top cash is not only a smart financial move but also a surprisingly straightforward process. Prepare Your Used Car for Sale The first step to securing top cash for your used car is to make it look and run its best.

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Used Cars Car Mechanic Vehicle 52

autoevolution

SEPTEMBER 13, 2024

This poor Ford F-150 Raptor R rolled off the production line in 2023. The model is going to end up on the used car parts market in pieces. One year later, it is a write-off. The poor pickup truck has no chance of ever getting back on the road again. This is how $100,000 going down the drain looks. continue reading. )

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Auto Remarketing

JANUARY 7, 2024

Drivers who bought their cars used show little loyalty to their current brand when buying another vehicle — especially when they buy another used vehicle— according to the latest research by LexisNexis Risk Solutions. LexisNexis analyzed vehicles and owners that make up a garage, using 107 million U.S. connected car.

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