2024 Automotive Marketing Used Cars 
AutoSuccess
NOVEMBER 21, 2024
In 2024, dealerships face a challenging landscape, with revenue and new car sales on the decline. However, amid these challenges, used vehicle sales present a bright spot. The post Creating Predictable Profit in a Volatile Automotive Market appeared first on AutoSuccessOnline.
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% Used prices dropped 2.9%
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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%
Auto Remarketing
JANUARY 29, 2024
“Normal” hasn’t often been a word to describe the auto industry in the last four years, but 2024 could be the return of stability and typical market patterns. The data suggests a promising bounce back for the automotive market in 2024,” Black Book chief data officer Alex Yurchenko said in a news release accompanying the report. “The
Auto Remarketing
FEBRUARY 26, 2025
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. The used vehicle market also saw growth in hybrid and EV sales.
Auto Remarketing
JANUARY 14, 2025
In 2024, AIs role expanded to include critical back-office functions like identity and income verifications, as well as credit application processing. However, a recent survey revealed that only 5% of dealerships currently use AI for inventory management and pricing optimization, highlighting a substantial gap in adoption.
AutoSuccess
SEPTEMBER 6, 2024
Let’s explore the factors driving inflation in the automotive market and discuss strategies for dealers to support their customers through these difficult economic conditions. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans.
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