Auto Remarketing

MARCH 14, 2025

Looking for an affordable used car? You might want to go electric. The latest research from iSeeCars shows used EV prices fell 15.1% million used cars sold from February 2024 to February 2025 found the average price of 1- to 5-year-old used vehicles have stabilized, down less than 1.5%

Used Cars 52

Used Cars Electric Vehicles Electricity Vehicle 52

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% year-over-year and 13.3%

Used Cars 97

Used Cars Car Vehicle Automotive Marketing 97

Auto Remarketing

JANUARY 21, 2025

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a lively debate about the future of electric vehicles. Listen to the episode in the window below and stay tuned for more from UCW 2024.

Media 52

Media Electric Vehicles Used Cars Electricity 52

Auto Remarketing

FEBRUARY 12, 2025

While the lack of public charging facilities is one of the most cited reasons by consumers for not considering an electric vehicle, most EV owners say they dont need or use them. of its used-car retail sales in 2024, well above the 1.3% Carvana said EVs accounted for 5.7%

Electric Vehicles 52

Electric Vehicles Electricity Retail Used Cars 52

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.

Used Cars 52

Used Cars Car Electric Vehicles Vehicle 52

Auto Remarketing

NOVEMBER 5, 2024

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?

Used Cars 52

Used Cars Car Vehicle Electric Vehicles 52

AutoSuccess

MARCH 14, 2025

automobile dealers’ view of current market conditions increased from an index score of 42 in Q4 2024 to 44 in Q1 2025. This is just one point above the all-time low of 33 in Q1 2024 (excluding Q2 2020 during the pandemic) and has been weak for over two years. The new-vehicle inventory index peaked at 75 in Q1 2024.

Automobile 52

Automobile Electric Vehicles Insurance Automotive 52

Auto Remarketing

FEBRUARY 10, 2025

The year started off with expectations there might be a return to normal in the used-car market. At Black Book, the Used Vehicle Retention Index came in at 146.3 softer than January 2024. At Black Book, the Used Vehicle Retention Index came in at 146.3 softer than January 2024. last month, down 1.2%

Vehicle 52

Vehicle Retail Automotive Electric Vehicles 52

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.

Used Cars 98

Used Cars Electric Vehicles Vehicle Retail 98

Auto Remarketing

OCTOBER 23, 2024

CARFAX estimates that the 2024 hurricane season has resulted in approximately 347,000 vehicles with flood damage so far. Those interested in buying a used car can check carfax.com/flood to access the CARFAX Flood Check tool.

Mechanic 110

Mechanic Used Cars Vehicle Electricity 110

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.

Management 52

Management Automotive Marketing Vehicle Electric Vehicles 52

Auto Remarketing

JANUARY 24, 2025

Other findings include: The 2024 Market Outlook Report said EVs would be just fine, and this year it asserts EVs are undeniably here to stay. Dealers are expecting used-car operations to become more profitable and new-car profitability to decline in 2025.

Trucking 52

Trucking Finance Automotive Used Cars 52

Auto Remarketing

SEPTEMBER 27, 2024

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. Slower adoption of electric vehicles EVs are not gaining traction as quickly as once anticipated.

Retail 52

Retail Automotive Used Cars Vehicle 52

AutoSuccess

DECEMBER 13, 2024

The Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) reveals renewed optimism among U.S. Electric Vehicle Sentiment Declines as Policy Uncertainty Looms Dealer optimism toward electric vehicle (EV) sales in Q4 was mostly unchanged from Q3 at 43 overall. The Q4 2024 CADSI is based on 933 U.S. automobile dealers.

Automobile 52

Automobile Auto Market Retail Automotive 52

AutoSuccess

OCTOBER 18, 2024

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. Slower Adoption of Electric Vehicles EVs are not gaining traction as quickly as once anticipated.

Retail 40

Retail Automotive Used Cars Utilities 40

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.

Retail 59

Retail Management Vehicle Media 59

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% below hybrids. In August 2023, EV values were 12.1%

Car 52

Car Used Cars Electric Vehicles Electricity 52

AutoSuccess

JANUARY 24, 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.

Retail 52

Retail Management Vehicle Media 52

AutoSuccess

FEBRUARY 27, 2024

However, consumers have remained resilient since the pandemic, and there is still pent-up demand for new and used vehicles as we enter 2024. Based on our fourth annual industry report looking at F&I product trends, here is the F&I outlook entering 2024.

Retail 40

Retail Electric Vehicles Vehicle Electricity 40

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. Additionally, a rise in used EV sales continues to make headlines.

Insurance 73

Insurance Vehicle Alternative Fuels Fluid Check 73

Auto Remarketing

JULY 23, 2024

“Millennials” and “electric vehicles.” Auto industry buzzwords used for years at conferences to convey youth, emerging trends in car-buying, newcomers or rising stars. And millennials, well, many of us are in our 40s, have mortgages, children and/or pets and have been buying cars for 25-plus years.

Retail 52

Retail Electric Vehicles Electricity Vehicle 52

Jalopnik

MAY 23, 2024

In fact, the average car on the road in 2024 is 12.6 That means the average car was built back in 2011. Vehicles in the U.S. just keep on getting older as new ones continue to cost way too much for the average buyer. Preposterous. Read more.

Car 55

Car Vehicle Used Cars Electric Vehicles 55

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. “After some highly profitable years for many dealers, 2024 will be a tough comparison. . “The vehicle market in the U.S. “The vehicle market in the U.S.

Automotive 52

Automotive Vehicle Automobile Electric Vehicles 52

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.

Automotive 52

Automotive Automotive Marketing Auto Market Retail 52

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. Typically, the second quarter shows a decline in market expectations for the next three months, and Q2 2024 is no different. The Q2 2024 CADSI is based on 1,026 U.S.

Automobile 52

Automobile Automotive Vehicle Retail 52

AutoSuccess

MAY 7, 2024

Cox Automotive is rolling out its used car industry solution that will measure the EV battery health for each specific VIN across Manheim. The company expects that number to double in 2024 and continue increasing in the coming years. Visit coxautoinc.com.

Automotive 52

Automotive Vehicle Transportation Used Cars 52

Auto Remarketing

MARCH 31, 2025

Like an accent or dialect, the used-car market can vary depending on where you (or yall or yinz) are in the U.S. And CARFAX is accounting for this patchwork of market dialects, so to speak, by adding in regional breakdowns to its monthly index of retail used-car prices. versus March 2024, according to the CARFAX data.

Used Cars 52

Used Cars Car Electric Vehicles Trucking 52

Auto Remarketing

JULY 23, 2024

Edmunds shared a wide array of electric-vehicle information on Tuesday, including insights about trade-in activities at dealerships involving a Tesla. Perhaps of most interest to used-car managers, Edmunds said that its data through June showed 51% of all Teslas traded in to a dealership went toward a purchase or lease of a new ICE vehicle.

Electric Vehicles 52

Electric Vehicles Vehicle Electricity Used Cars 52