Autoblog: Repairs

AUGUST 27, 2024

auto market fills in another piece with the arrival of the 2025 Hyundai Sonata. Given a pretty big refresh for the 2024 model year that introduced stern looks and a racier N Line trim, the popular sedan rolls into 2025 with just a few small updates. That's $850 less than the price of the low bar in 2024, the SEL.

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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% year-to-date as of June 2024. Insurance Costs : Auto insurance premiums have soared, with Bankrate noting an average cost of $200 per month.

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Auto Remarketing

APRIL 10, 2024

In fact, the 2024 Realtor.com Housing Market and Electric Vehicle Report found three of the top 10 and eight of the top 20 housing markets for EV ownership are in the Golden State. The San Jose-Sunnyvale-Santa Clara market ranked No. Still, even in EV-friendly markets like Oxnard and Riverside, Calif.,

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Auto Remarketing

MARCH 13, 2024

Auto dealers still don’t like the look of the current market for vehicles. The vehicle market in the U.S. is shifting from a seller’s market to a buyer’s market, and dealers are feeling the pinch of tighter margins and higher costs,” Cox Automotive chief economist Jonathan Smoke said.

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Auto Remarketing

OCTOBER 11, 2024

As we near the end of 2024, it’s clear that consumers are speaking loudly with their wallets,” CarGurus director of economic and market intelligence Kevin Roberts said. That’s evident in the numbers, with sales of vehicles priced from $15,000 to $20,000 in the first nine months of 2024 up 62.6%

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Auto Remarketing

JUNE 12, 2024

In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. Methodology The Q1 2024 Cox Automotive Dealer Sentiment Index is based on a survey of 1,026 U.S.

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Auto Remarketing

FEBRUARY 16, 2024

Data analysts from the company develop the report, which delves into a range of macro and micro auto market trends through analysis of supply, demand, pricing and consumer behavior across the various Cars Commerce platforms. Like the Cars Commerce report, the CarGurus analysis breaks down movement in the used EV market, as well.

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AutoSuccess

MARCH 19, 2024

Beginning in the second half of 2022, the index has dropped significantly and, in Q1 2024, hit 41 – the lowest point in the survey’s history excluding Q2 2020. “The vehicle market in the U.S. “After some highly profitable years for many dealers, 2024 will be a tough comparison. . 4 on the list. The post U.S.

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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 per cent increase in 2024. per cent rise from 2023.

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AutoSuccess

JUNE 11, 2024

The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. The Q2 current market index score of 42 indicates most U.S. auto dealers see the market as weak. The Q2 2024 CADSI is based on 1,026 U.S. Visit coxautoinc.com.

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