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Prices plateau in more stable used-car environment

Auto Remarketing

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.

Used Cars 105
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Used-car sales climb about 11% & move at faster clip

Auto Remarketing

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% In February, used sales were up 4.1%

Used Cars 105
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Hertz's Tesla liquidation sale likely means more depreciation for used EVs

Autoblog: Repairs

Filed under: Green , Tesla , Used Car Buying , Auto Repair , Electric Continue reading Hertz's Tesla liquidation sale likely means more depreciation for used EVs Hertz's Tesla liquidation sale likely means more depreciation for used EVs originally appeared on Autoblog on Tue, 16 Jan 2024 18:03:00 EST. Please see our terms for use of feeds.

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

Auto Remarketing

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%

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

Auto Remarketing

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

Auto Remarketing

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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Used EV selection increases, prices decline

Auto Remarketing

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.