Remove 2024 Remove Electric Vehicles Remove Used Cars
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Prices plateau in more stable used-car environment

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The CARFAX Used Car Index made its debut a year ago, and in an analysis recapping the latest installment , the company pinpointed three retail used-car pricing trends that have stood out. Tom Kontos, the chief economist at ADESA, has noticed a similar flattening in wholesale used-car prices. year-over-year.

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Used-car sales climb about 11% & move at faster clip

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It was March momentum for the retail used-car market. million used vehicles, which was a 10.9% Through three months of 2024, dealers have sold approximately 4.38 million used vehicles, compared to 4.29 The year began with used-car sales by dealers falling 6.4% from January. and is up 1.1%

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New-car prices, used inventory shortages drive stability in used-car market

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In Cars Commerce’s most recent Industry Insights Report , industry and marketplace analytics principal David Greene noted the contrast between the steady used-car market with the relative volatility of the current new-car environment. So, why isn’t the used-car sector experiencing the same “adjustment” as new cars?

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Cars Commerce report: All quiet on the used-car front

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

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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% from August 2022.

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COMMENTARY: 9 automotive retail trends to watch for the rest of 2024

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As we inch closer to the end of 2024, auto dealers are seeing several shifts and developments that will shape their vehicle inventory levels and marketing strategies through the remainder of the year. Inventory levels stabilizing According to recent data, total vehicle inventory stood at 2.79

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Automotive Retail Trends to Watch for the Rest of 2024

AutoSuccess

As we inch closer to the end of 2024, auto dealers are seeing several shifts and developments that will shape their vehicle inventory levels and marketing strategies through the remainder of the year. Inventory Levels Stabilizing According to recent data, total vehicle inventory stood at 2.79

Retail 52