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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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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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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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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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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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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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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Autoblog: Car News

AUGUST 12, 2024

Please see our terms for use of feeds.

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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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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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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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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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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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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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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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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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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.

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Auto Remarketing

FEBRUARY 1, 2024

While the groundhog hasn’t delivered his forecast yet, it seems spring might be on the way in the wholesale car market. Used-vehicle prices were down again as January ended, but the pace of depreciation is decelerating, according to the latest report from Black Book. In turn, that is helping to drive down the cost of used cars.”

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AutoSuccess

FEBRUARY 7, 2024

Repair OnDemand launched several solutions at NADA 2024 that will represent an end-to-end solution for automotive reconditioners. Dealers will now have the same instant, plug-in access for their acquired vehicles, enabling them to make diagnostic decisions faster and bring in additional used vehicles.”

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Auto Remarketing

AUGUST 7, 2024

The movement in wholesale vehicle values for July varied from index to index, but in general, prices are down from a year ago, though they remain elevated from pre-pandemic levels. Starting with Black Book, its Used Vehicle Retention Index came in at 145.0 July 2024 Intelligence Report. for July, which was down 1.1%

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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. Inventory levels stabilizing According to recent data, total vehicle inventory stood at 2.79

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AutoSuccess

DECEMBER 13, 2024

The Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) reveals renewed optimism among U.S. Sales Environment Improves, but Customer Traffic Remains Weak The new-vehicle sales index improved in Q4 from 51 to 54, suggesting a better sales environment. Used-vehicle inventory levels increased as well, jumping from 40 to 45 in Q4.

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Auto Remarketing

OCTOBER 22, 2024

Power showed the numbers crunch unfolding that might again be pitting the used-car department versus the new-car division. On the truck side, there was a sharper decline observed specifically in the 2024 model year 1500 series trucks,” Black Book said in the report released on Tuesday.

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autoevolution

SEPTEMBER 13, 2024

The model is going to end up on the used car parts market in pieces. Well, not literally, because the insurance company surely paid out, and the owner of the pickup truck went and bought another vehicle, maybe o. The poor pickup truck has no chance of ever getting back on the road again. continue reading. )

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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. Inventory Levels Stabilizing According to recent data, total vehicle inventory stood at 2.79

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AutoSuccess

MARCH 14, 2024

“Local dealerships are central to vehicle buying, and our DOTY Awards highlight the many local retailers who take pride in their reputation, striving each and every day to provide a five-star experience for their customers,” said Jamie Oldershaw, vice president of reputation at Cars.com. Out of the more than 50,000 U.S.

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AutoSuccess

FEBRUARY 1, 2024

Car Wars is announcing new and upcoming technology advancements at NADA 2024, Feb. Car Wars said in a press release its mission is to maximize the vast potential of AI and large language models while strongly utilizing the human element at the core of their approach.

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AutoSuccess

JANUARY 4, 2024

Dealers today enjoy more predictable used car results because they leverage strategic reconditioning software’s robust efficiency metrics called time-to-line or T2L, a process we introduced to the market in 2010. The profitability of used cars has been, until now, primarily determined by demand and availability.

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AutoSuccess

FEBRUARY 27, 2024

These types of issues may make consumers think twice before investing in new and used vehicle models when car shopping. Furthermore, the government’s decision to resume student loan re-payments may place additional pressure on sales of new vehicles, especially for younger consumer demographics.

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Jalopnik

MAY 23, 2024

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

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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% higher than internal combustion vehicles.

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Auto Remarketing

OCTOBER 11, 2024

The car-buying public has a message for the used-car industry, and it’s this: We don’t want to pay too much for a vehicle. That message was clearly conveyed in CarGurus’ latest Quarterly Review, which found sales of lower-priced used cars rising and high-end vehicle sales falling. “As

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AutoSuccess

FEBRUARY 19, 2024

FrogData announced the release of its AI-Connected Dealership Platform at NADA 2024.This These models analyze data to generate insights and recommendations that significantly improve decision-making in areas such as used car pricing, customer engagement, sales process optimization, and service operations efficiency.

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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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Auto Remarketing

NOVEMBER 25, 2024

Independent car dealerships had to navigate a number of trends in 2024, from supply constraints to consumers reacting to new economic pressures. While the coming year is showing positive signs for used-dar dealers, we’ve learned that the future is never certain. What will your profit be when (if) you sell the vehicle?

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Auto Remarketing

JULY 2, 2024

Tesla reported on Tuesday that it delivered 443,956 vehicles and manufactured 410,831 units during the second quarter. That delivery tally is up from the Q1 figure (386,810 vehicles), while the manufacturing number is lower (433,371 units). In Q4, Tesla said it delivered 484,507 vehicles and manufactured 494,989 units.

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AutoSuccess

APRIL 5, 2024

Car Pros Honda El Monte has received the 2023 Honda Masters Circle award from American Honda Motor Company Inc. for the second year in a row in recognition of being one of the top 50 Honda dealerships in America for their 2023 new vehicle sales performance. As a whole, it achieved record sales of more than $1.13 billion in 2022.

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