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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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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Auto Remarketing

MAY 23, 2024

Wholesale vehicle prices fell nearly 12% year-over-year in April and have continued modest month-over-month declines in May, according to the latest Kontos Kommentary report from ADESA chief economist Tom Kontos. from the April 2023 average of $16,468, according to the report. Prices were down 0.3% On the retail side, J.D.

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Auto Remarketing

SEPTEMBER 20, 2024

Cars Commerce’s latest look at the used-vehicle market is an old story. 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. from last year, while cars in the $10,000-$19,000 range, averaging 7.3

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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

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. of new-car owners bought the same brand for their next new-car purchase, up from 49.7%

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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

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. year-over-year and rose 0.9% for March.

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Auto Remarketing

JANUARY 10, 2024

Used-vehicle sales are expected to increase just under 1% this year, according to a forecast from Cox Automotive, with overall used volume expected to climb from 35.9 million and retail used sales (those involving a dealer) projected to climb from 19.0 million sales to 36.2 million to 19.2

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AutoSuccess

SEPTEMBER 6, 2024

In today’s economic climate, consumers are grappling with extreme inflationary pressures affecting vehicle ownership. Auto dealers are particularly impacted, facing challenges in vehicle availability and profitability. The Impact of Inflation on Vehicle Ownership Inflation creates significant increases in the cost of vehicle ownership.

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Auto Remarketing

MAY 1, 2024

A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. However, there are deals to be had in the used-car market for alternative-fuel vehicles — even beyond government rebates — that could help dealers overcome those shopper objections.

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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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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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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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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

DECEMBER 8, 2023

A topsy-turvy ride at the county fair or an amusement park might be fun, but when it comes to used-vehicle prices, such ups and downs can wreak havoc for dealers, auctions, remarketers, forecasters and more. Good thing for the auto industry is that signs point to “less of a roller coaster in the new year,” according to Cox Automotive.

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Auto Remarketing

NOVEMBER 25, 2024

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 ?

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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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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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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. In fact, 79% of new-vehicle buyers were highly satisfied with the experience provided by their local automobile dealer.”

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Auto Remarketing

MAY 7, 2024

Wholesale vehicle prices continued their downward slope in April, falling double-digit percentages from a year ago. In fact, Cox Automotive’s Manheim Used Vehicle Value Index for the month fell below 200 for the first time in more than three years. The decline for non-electric vehicles was at 13.1%, while EV values dropped 17.5%

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Auto Remarketing

MAY 8, 2024

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.

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Autoblog: Repairs

MAY 15, 2023

Filed under: Aftermarket , Green , Car Buying , Used Car Buying , Auto Repair , Maintenance , Ownership Continue reading Average age of vehicles on U.S. years, another record Average age of vehicles on U.S. years, another record originally appeared on Autoblog on Mon, 15 May 2023 09:03:00 EDT. roads hits 12.5

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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. Whether you’re looking to upgrade your ride or simply free up some space in your garage, this guide will show you how to get the most value out of your pre-loved vehicle.

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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. Well, not literally, because the insurance company surely paid out, and the owner of the pickup truck went and bought another vehicle, maybe o. One year later, it is a write-off.

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Auto Remarketing

FEBRUARY 7, 2024

There was a bit of relief in the wholesale used-vehicle market last month, and not just in terms of prices falling year-over-year. January’s month-over-month steadiness in used-car prices was a respite from the volatility in 2023. Cox Automotive’s Manheim Used Vehicle Value Index for January came in at.

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Auto Remarketing

FEBRUARY 10, 2025

The year started off with expectations there might be a return to normal in the used-car market. Industry observers releasing wholesale vehicle price indices last week noted uncertainty and surprises in the market to begin the year. At Black Book, the Used Vehicle Retention Index came in at 146.3

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Solera

AUGUST 8, 2023

Industry Trends in 2023 While the used car boom that sent prices sky high may be winding down, there is still a large demand for quality used vehicles. Once seemingly overvalued, older cars will take the biggest hit, while late-model cars will hold steady or decline slightly, mirroring the trend for new cars.

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Auto Remarketing

AUGUST 7, 2024

The movement in wholesale vehicle values for July varied from index to index, but in general, prices are down from a year ago, though they remain elevated from pre-pandemic levels. Starting with Black Book, its Used Vehicle Retention Index came in at 145.0 from July 2023. for July, which was down 1.1% year-over-yeear. “We

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autoevolution

MARCH 7, 2024

Well, at least as far as the used car market is concerned, where hypercar buyers tend to focus their purchasing power on vehicles that are sure to go up in value ove. With that in mind, one would think that getting people to buy it shouldn’t come as a challenge, but one would be wrong. continue reading. )

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Auto Remarketing

JULY 1, 2024

If a shopper who arrives at your dealership is on the hunt for an inexpensive used vehicle that can seat the whole family, here’s a selling point: Now might be the time to buy. While luxury cars were also down $200 from May, other vehicle categories saw little (hybrids/EVs, down $40) to no change (cars) month-over-month.

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Motor Verso

MAY 26, 2024

Recent research shows that 92% of UK car owners use car financing to buy their vehicles. As of 2023, Brits… Read more » The post Car Financing: What Are The Pros And Cons Of PCP Finance? appeared first on Motor Verso.

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AutoSuccess

AUGUST 12, 2024

After years of being overshadowed by emerging electric vehicles from Tesla and other brands, the hybrid — a gasoline vehicle that has both an internal combustion engine and an electric motor — is enjoying a resurgence in 2024. EV sales have slowed in the U.S. EV sales have slowed in the U.S.

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Auto Remarketing

SEPTEMBER 12, 2024

Price has always been cited by car buyers as a barrier to buying a new electric vehicle. But when it comes to the used-car market, it’s not a problem at all. According to the latest research by iSeeCars , the average price of a 1- to 5-year-old used EV is now 11.4% In August 2023, EV values were 12.1%

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Auto Remarketing

JUNE 3, 2024

Used-car sales have surged since the end of 2023 thanks to trends that offer long-term opportunities for dealers, according to a new eBook from marketing and data software firm ZeroSum. The report, “Driving Profits: The Importance of Data-Driven Decisions in the Used Car Market”, showed used-car movement is up 16.6%

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Auto Remarketing

SEPTEMBER 15, 2023

Through eight months of 2023, certified pre-owned vehicle sales are beating prior-year figures by 8% as the segment remains a “bright spot” in the overall used-car landscape, according to a presentation Tuesday by Cox Automotive analysts. In fact, August was the strongest month for.

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AutoSuccess

APRIL 5, 2024

Car Pros Honda El Monte has received the 2023 Honda Masters Circle award from American Honda Motor Company Inc. for the second year in a row in recognition of being one of the top 50 Honda dealerships in America for their 2023 new vehicle sales performance. billion in 2023, up from $1.03 billion in 2022.

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