Auto Remarketing

MARCH 4, 2025

Is now the right time for used-car shoppers to strike? There was some year-over-year easing in retail used-car prices last month, according to the latest CARFAX Used Car Index report , which showed declines in six of the seven segments included in its analysis. month-over-month, prices for cars fell 0.9%.

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Used Cars Retail Car Entertainment 66

Auto Remarketing

MARCH 11, 2024

The retail used-car market, including the certified pre-owned segment, showed some real strength last month, improving from both year-ago and January figures. This after what appeared to be sluggish start to 2024. In the first month of 2024, however, certified sales were off to a slow start. million units. year-over-year.

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Used Cars Car Retail Automobile 116

Auto Service World

MARCH 14, 2025

Now, 2024 was an unusual year with one of the mildest winters recorded in recent history. Similarly, a sudden drop in used car prices from post-COVID highs resulted in many vehicles not being repaired. Electrification of the vehicle fleet The rapid adoption of electric vehicles is also shifting the repair landscape.

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Collision Repair Insurance Vehicle Media 200

Auto Remarketing

MAY 15, 2024

Edmunds director of insights Ivan Drury highlighted multiple tailwinds that could help the retailing of used cars. What could be most beneficial for dealerships of all stripes is getting a boost of older, more affordable vehicles. Vehicles older than 9 years were more likely to be traded in for a used vehicle,” he continued.

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Used Cars Car Retail Vehicle 105

Auto Remarketing

AUGUST 23, 2024

The slowdown in supply of later-model used vehicles is already having an impact in the retail car market, according to industry analyses released this month. But for $30,000 to $49,000 vehicles — which is the price range typical for 1- to 3-year-old used vehicles — inventory fell 15%, according to Cars Commerce.

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Used Cars Retail Car Vehicle 105

Auto Remarketing

JANUARY 8, 2025

Those are not necessarily words used to describe the used-vehicle market over the last five years, but 2024 closed with analysts calling wholesale price patterns exactly that.

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Vehicle Used Cars Automotive Car 52

autoevolution

MARCH 26, 2025

Battery electric vehicle (BEV) owners have been feeling the heat for quite some time. However, we now have another study that proves these cars are the best shot anyone has at losing money with automobiles. " Although luxury vehicles are also a money pit, BEVs take the crown when it comes to depreciation.

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Automobile Electric Vehicles Used Cars Electricity 75

Auto Remarketing

SEPTEMBER 6, 2024

And as the law of supply and demand decrees, used car prices are beginning to rise, according to CarGurus’ August 2024 Intelligence Report , released this week. The report showed used-car inventory levels down in August for the third consecutive month, dropping 2% below last year and 7.4% below August 2022 levels.

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Used Cars Car Retail Vehicle 98

Auto Remarketing

APRIL 29, 2024

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 Cars Car Retail Electric Vehicles 105

Auto Remarketing

APRIL 17, 2024

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 Through three months of 2024, dealers have sold approximately 4.38 from January. and is up 1.1%

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Used Cars Car Retail Electric Vehicles 105

Auto Remarketing

SEPTEMBER 20, 2024

Cars Commerce’s latest look at the used-vehicle market is an old story. 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. from last year, while cars in the $10,000-$19,000 range, averaging 7.3

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Used Cars Car Vehicle Automotive Marketing 97

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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Used Cars Retail Car Vehicle 105

Auto Remarketing

FEBRUARY 10, 2025

The year started off with expectations there might be a return to normal in the used-car market. Industry observers releasing wholesale vehicle price indices last week noted uncertainty and surprises in the market to begin the year. At Black Book, the Used Vehicle Retention Index came in at 146.3

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Vehicle Retail Automotive Electric Vehicles 52

Autoblog: Maintainence

FEBRUARY 8, 2024

Filed under: Car Buying , Used Car Buying , Maintenance Continue reading The most expensive vehicles to buy parts for in 2024 The most expensive vehicles to buy parts for in 2024 originally appeared on Autoblog on Thu, 8 Feb 2024 14:00:00 EST. Please see our terms for use of feeds.

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Vehicle Used Cars Car 73

Autoblog: Maintainence

AUGUST 17, 2024

Filed under: Lexus , Toyota , Car Buying , Used Car Buying , Driving , Maintenance , Ownership Continue reading These are the 10 longest-lasting vehicles on the road today These are the 10 longest-lasting vehicles on the road today originally appeared on Autoblog on Sat, 17 Aug 2024 10:00:00 EDT.

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Vehicle Used Cars Car 92

Auto Remarketing

MARCH 14, 2025

Looking for an affordable used car? The latest research from iSeeCars shows used EV prices fell 15.1% over the past year, while the cost of gasoline and hybrid vehicles dropped just 0.5%. Thats just $917 above the price of the average gas-powered vehicle, iSeeCars said. You might want to go electric.

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Used Cars Electric Vehicles Electricity Vehicle 52

autoevolution

MARCH 20, 2025

Amazon is planning to enter the used car market and help dealers sell pre-owned vehicles. The online retail giant has been selling new Hyundais since 2024, based on a partnership announced at the Los Angeles Auto Show in November 2023. Nowadays, you can buy used cars everywhere.

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Used Cars Finance Retail Car 59

AutoSuccess

SEPTEMBER 6, 2024

In today’s economic climate, consumers are grappling with extreme inflationary pressures affecting vehicle ownership. Auto dealers are particularly impacted, facing challenges in vehicle availability and profitability. The Impact of Inflation on Vehicle Ownership Inflation creates significant increases in the cost of vehicle ownership.

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Vehicle Insurance Finance Used Cars 98

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.

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Media Electric Vehicles Used Cars Electricity 52

Auto Remarketing

FEBRUARY 27, 2024

Used-vehicle prices are showing a “typical seasonal rise” on a month-over month basis in the wholesale market but are down double-digits from early 2023. Meantime, used-vehicle prices on the retail side of the market “are in retreat” from peaks reached in May. Car prices were up 4.4% Car prices are off 8.7%

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Used Cars Car Retail Trucking 52

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.

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Car Automotive Marketing Retail Used Cars 98

AutoSuccess

FEBRUARY 17, 2025

How Dennis Dillon Auto Group Built a Winning Private-Party Buying Program Most car dealers think the best used vehicles are found at auctions. We talked with their used car manager, Bryan Bough, about their private-party buying program. According to a 2024 Deloitte automotive consumer study, 71% of U.S.

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Car Management Vehicle Used Cars 97

Auto Remarketing

DECEMBER 8, 2023

A topsy-turvy ride at the county fair or an amusement park might be fun, but when it comes to used-vehicle prices, such ups and downs can wreak havoc for dealers, auctions, remarketers, forecasters and more. December is expected to be steady, with projections for an even-keel 2024. year-over-year. year-over-year.

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Vehicle Automotive Used Cars Management 98

Autoblog: Car News

AUGUST 12, 2024

Please see our terms for use of feeds.

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Used Cars Car Vehicle 95

Auto Remarketing

OCTOBER 23, 2024

Used-car profits soared during the pandemic. But as the market turns the corner toward the end of 2024, “used vehicles may be finding their new normal on profitability.”

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Used Cars Car Vehicle 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.

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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?

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Used Cars Car Vehicle Electric Vehicles 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. The survey also found 86% of EV owners drive less than 50 miles on a typical day, though 52% said they use their EV when they take long road trips.

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Electric Vehicles Electricity Retail Used Cars 52

AutoSuccess

FEBRUARY 15, 2024

Dealerships in 2024 will continue to face used car sourcing challenges. I recently read an article that netted the issue: “Dealers navigating a used-vehicle market that already allows little room for error are eyeing another obstacle: worsening used-car availability.”

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Used Cars Car Vehicle Management 52

Auto Remarketing

NOVEMBER 22, 2023

Just before finishing his time at Used Car Week, CarGurus director of industry analytics Kevin Roberts took a few moments to appear again on the Auto Remarketing Podcast. Roberts shared some tidbits from CarGurus’ upcoming report recapping this year’s used-vehicle market as well as what trends he’ll be watching closely in 2024.

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Used Cars Car Vehicle 52

Auto Remarketing

JANUARY 18, 2024

Same goes for the used-car market, it seems. Despite a slowdown from the prior month and the heights reached in the summer, used-car sales in December capped what ended up being a pretty solid year, according to Cox Automotive. In fact, used-car sales (overall and retail) fell sequentially in both November and December.

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Used Cars Retail Car Vehicle 52

Auto Remarketing

JANUARY 3, 2024

million-unit deficit in the number of 1- to 3-year-old vehicles expected to re-enter the pre-owned car market in the near future, leading to a “sparse and expensive” picture for dealers’ used-car inventories, Cars Commerce says in its 2024 Automotive Trends report released Wednesday. There is roughly a 10.2

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Used Cars Car Utilities Automotive 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.

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Automobile Electric Vehicles Insurance Automotive 52

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. One of the most impactful areas for improvement lies in reconditioning and how efficiently vehicles are turned.

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Automotive Marketing Automotive Management Vehicle 52

AutoSuccess

FEBRUARY 11, 2025

Car Pros Automotive Group announced that 2024 was another year of sales leadership and customer service excellence for its dealerships. For the fifth consecutive year, Car Pros Kia Glendale ranked no. MINI ofDowntown Los Angeles, which Car Pros acquired in 2023, secured the no. 1 in new Kia retail sales in the nation.

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Customer Service Car Retail Automotive 52

Auto Remarketing

OCTOBER 23, 2024

In 2022, Hurricane Ian damaged upwards of 358,000 vehicles throughout several states, according to CARFAX. CARFAX estimates that the 2024 hurricane season has resulted in approximately 347,000 vehicles with flood damage so far. Plus, around 89,000 had already been swamped by smaller summer storms, CARFAX said.

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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.

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