Remove 2024 Remove Automotive Marketing Remove Electric Vehicles
article thumbnail

EV momentum cools but growth still there

Auto Service World

Electric vehicle (EV) sales are continuing to grow, but the once-rapid pace of adoption is beginning to slow as the market reaches a new stage of maturity. last year and set new highs in the percentage of vehicles sold in Canada in 2024, including BEVs making up about 18 per cent of sales in December.

article thumbnail

Navigating the shift: Key insights from the Lotlinx Q3 2024 Automotive Market Report

Auto Remarketing

As we look back on Q3, the automotive market has revealed key trends that highlight the complexities of inventory management for auto retailers. In Q2, dealers experienced a 10% sales increase for new vehicles despite challenges like the CDK Global cyber incident. For more information, visit www.lotlinx.com.

Insiders

Sign Up for our Newsletter

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

article thumbnail

COMMENTARY: Shifting gears & key takeaways from the Lotlinx Q4 report

Auto Remarketing

As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report , the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs.

article thumbnail

Brookdale Community College Receives Grant to Launch EV Program

AutoSuccess

Brookdale Community College has secured a grant totaling $561,318 from the National Science Foundation to pioneer the Electric Vehicle Education for New Jersey (EVE-NJ) project. As the automotive industry rapidly transitions towards electric vehicles, this grant represents a pivotal investment in preparing the workforce for the future.

article thumbnail

Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

AutoSuccess

auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. Powered by the best data and keenest insights, Cox Automotive developed five themes that offer a collective vision and valuable perspective on the road ahead for the U.S. For the U.S.

article thumbnail

COMMENTARY: 2025 auto retail outlook, as machine learning meets inventory intelligence

Auto Remarketing

In 2024, AIs role expanded to include critical back-office functions like identity and income verifications, as well as credit application processing. Furthermore, economic pressures will continue to impact the automotive market in 2025. Used car day supply is expected to remain tight and steady.

Retail 59
article thumbnail

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

Auto Remarketing

Not surprisingly given the recent price drops among electric vehicles, the Tesla Model Y was at the top of the list of popular models with falling trade values, losing $7,771 — 21.8% In a news release, Lindland said that’s indicative of increased stability in both the used- and new-car markets for much of 2024.