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As the first quarter of 2025 ended, all was calm for used-vehicle retail prices. But, Cars Commerce reported in its Q1 2025 Auto Market Review , that might have been the calm before the storm. Typically, used-car values increase from February to March driven by tax returns and elevated consumer demand, the report said.
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 UsedCar Index report , which showed declines in six of the seven segments included in its analysis. month-over-month, prices for cars fell 0.9%.
But the supply of vehicle inventory, already an issue in the used-car sector, looms as a factor in both the short and long term. TO READ THE FULL STORY BECOME A MEMBER Login The post Tariffs expected to take a toll on used-car supply now and later appeared first on Auto Remarketing.
We talked with their usedcar manager, Bryan Bough, about their private-party buying program. They didnt just tweak their existing process; they completely reinvented how they acquire usedcars. Realizing that tools exist today that allow them to buy like theyre in 2025 not 1995.
While still high, prices for used vehicles trended downward over the last year. AutoTrader reported that January 2025 prices for used vehicles hit $36,899, down 5.7 The used vehicle market in 2024 was a rollercoaster, influenced by a mix of factors, according to DesRosiers Automotive Consultants. per cent year-over-year.
There’s “snow” rest for the weary in the car business. Plus, Von Busch goes into detail about Experian’s special report on the used-car market. Listen to the conversation in the window below.
Repair OnDemand announces the launch of five upcoming enhancements to their reconditioning management system, Repair360, at NADA 2025. Were seeing profit margins shrinking again as we head into 2025 and one way to combat thin margins is to become brilliant at the basics.
However, we now have another study that proves these cars are the best shot anyone has at losing money with automobiles. Conducted by iSeeCars, it analyzed the prices of "800,000 5-year-old usedcars sold from March 2024 to February 2025 to determine 5-year depreciation rates." continue reading. )
The year started off with expectations there might be a return to normal in the used-car market. Well, that doesnt exactly appear to be the case one month into 2025. At Black Book, the Used Vehicle Retention Index came in at 146.3 At Black Book, the Used Vehicle Retention Index came in at 146.3 last month, down 1.2%
Looking for an affordable usedcar? The latest research from iSeeCars shows used EV prices fell 15.1% million usedcars 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% You might want to go electric.
Similarly, a sudden drop in usedcar prices from post-COVID highs resulted in many vehicles not being repaired. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate. He is based out of Toronto.
It’s no secret that dealers are facing a complex set of challenges when sourcing usedcar inventory. While supply constraints have been a major focus, it’s also important to consider how demand dynamics are influencing the usedcar market and complicating dealerships’ ability to source inventory effectively.
Suppose we ignore our numerous stories about the old-timer Chevrolet Impalas that can be found on the usedcar market at any given moment. The reason is obvious, as the GM-owned car brand pulled the plug on it in 2020, after ten genera. continue reading. )
Happy Friday! Its December 27, 2024, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
The usedcar market remains strong. But with off-lease EVs hitting the market, usedcar prices adjusting, and policy shifts on the horizon, industry players need a new strategy.
Following their visits to NADA last month, we have a more thankful nation of car dealers. For many reasons, optimism is strong for a healthy 2025. At the same time, without process improvement, the profitability per vehicle (PPV) of the usedcar will continue to evaporate. S&P Global Mobility projects 16.2
As part of the inaugural Automotive Intelligence Awards , Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. More details to come.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
We put all our energy into selling and almost nothing into buying cars. Usedcars generate 33% of a dealerships revenue, not even counting service. Youd expect a third of vendors to focus on pre-owned, with half of those helping dealers buy cars faster and cheaper. Just look at the numbers. But reality?
Thats all out the window as we start 2025, because of U.S. The reports consumer survey found prospective car buyers are expecting to pay 8% more ($36,732) for their next vehicle than they did a year ago, but interest in buying a new vehicle has shot up 30%, even though the average new-car price began 2025 at a near-record $49,853.
Also included in the magazine and conference recognition will be the Automotive Intelligence Awards: Emerging Companies program, which will recognize emerging companies and entrepreneurs charging forward to make their mark on the used-car industry.
As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
Rising inventory levels, evolving consumer preferences, and the steady expansion of hybrid and electric vehicle (EV) sales continue to shape this years competitive market in 2025. Despite these shifts, internal combustion engine (ICE) vehicles still dominated the used market, accounting for over 90% of sales.
The Q1 2025 Cox Automotive Dealer Sentiment Index (CADSI) reports that the U.S. automobile dealers’ view of current market conditions increased from an index score of 42 in Q4 2024 to 44 in Q1 2025. Download the full results of the Q1 2025 Cox Automotive Dealer Sentiment Index. The Q1 2025CADSI is based on 969 U.S.
While the coming year is showing positive signs for used-dar dealers, we’ve learned that the future is never certain. No matter what curveballs are around the corner, there are key strategies used-car dealers should consider to consistently boost profitability. That’s when financing becomes more important.
Cox Automotive estimated February used-car sales made the largest jump seen in recent years. And the used-vehicle sales index segment of the Cox Automotives Q1 2025 Dealer Sentiment Index (CADSI) improved for the fifth straight quarter.
So well need to watch and see what trends transpire over the next month as activity in the used market increases. Indeed, Coxs Q1 updates to its 2025 forecasts have shifted from a single number in each category to ranges of scenarios, Robb said, because there are a lot of unknowns out there. million to 38.0 Consumers had excess cash.
We look forward to another outstanding year in 2025. Warm wishes for a happy and safe holiday season from all of us! Learn more and submit your speaker ideas here: Call for Speakers Auto Intel Summit We thank you for your interest, support, readership and feedback this year.
The best way to ensure a steady stream of late-model used vehicles at the mileage and age you want is to create them yourself at the store (at a cost written down through rental payments) without depending on third parties. Inventory management works on the usedcar side as well. An EV prospect perhaps?
Here’s why timing matters: Fluctuating metal prices (especially for scrap metal) regularly alter the weight-based value of your car. Recent developments continue to reshape the usedcar market landscape. Seasonal changes also impact junk car values.
Auto dealers need more performance-based personalized marketing to boost sales the rest of the year, and here are nine trends they should know before 2025 begins. While part of this influx is due to the arrival of 2025 models, buyers are approaching the market with more caution and are considering usedcars as opposed to new.
Auto dealers need more performance-based personalized marketing to boost sales the rest of the year, and here are nine trends they should know before 2025 begins. While part of this influx is due to the arrival of 2025 models, buyers are approaching the market with more caution and are considering usedcars as opposed to new.
We are just beginning to see lower lease maturities for the key 3-year-old segment, and that impact will be felt over the rest of this year and into 2025 and 2026. As supply tightens for this key segment for the used vehicle market, we expect to see variances from historical average depreciation rates.” and fell 7.6%
Now, car sales have surpassed pre-COVID levels, and marketing budgets are surging as many dealers have realized the bottom is already behind us. Forecasts are pointing to a rapid climb into 2025. Something the automotive SAAR doesn’t capture is the part that usedcar sales play in your store’s profitability.
. “Coupled with the potential for supportive measures such as tax rebates and the possibility of lower interest rates, dealers are feeling more hopeful about the road ahead as we move into 2025.” This significant increase suggests that more dealers believe the auto market will be stronger in the next three months.
As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. By using these AI tools, dealerships can pre-empt financial losses and improve inventory turnover efficiency.
As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. By using these AI tools, dealerships can pre-empt financial losses and improve inventory turnover efficiency.
The arrows are pointing up for almost all aspects of the auto retail industry in 2025 with one notable exception. The supply of used vehicles. In Cox Automotives recent 2025 forecast call with industry media and analysts, chief economist Jonathan Smoke painted a rosy picture for whats ahead. Smoke projects 2.5 million.
iSeeCars is seeing something it hasnt seen in more than two years: rising used-car prices. The automotive search engine and research website said its latest study showed the average used-vehicle listing price in March was up 1% from March 2024, the first year-over-year increase since October 2022.
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