Remove Auto Market Remove Used Cars Remove Vehicle
article thumbnail

Retail used-car market by the numbers: Supply, demand, prices & EV metrics

Auto Remarketing

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%

Used Cars 105
article thumbnail

Mixed views on March, but signs point to ‘normalcy’ in wholesale vehicle market

Auto Remarketing

Wholesale vehicle prices last month were down double-digit-percentages from March 2023, but whether the close of the first quarter represented a strong spring market is up for some debate. Still, a common theme of “normalcy” certainly has emerged in the used-car market. year-over-year and rose 0.9% for March.

Vehicle 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers

AutoSuccess

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. According to AAA, the average annual cost has surged by $1,454 to $12,182 per vehicle.

Vehicle 98
article thumbnail

Color study shows the graying of America’s cars

Auto Remarketing

The latest study of car colors from iSeeCars shows gray rising in popularity, passing silver for third in market share behind perennial favorites white and black. of the market to 19.2%. auto market, representing 78.9% of vehicles – up from 77.2% The study also looked at vehicle pricing in terms of color.

Car 52
article thumbnail

Report shows consumers ‘speaking with their wallets’ on affordability concerns

Auto Remarketing

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

Finance 52
article thumbnail

COMMENTARY: AI and auto — perfecting pricing strategies

Auto Remarketing

Auto dealerships are also embracing new AI tools for enhancing customer service and reshaping how they price their vehicles. But how does this benefit marketers in the auto industry? This serves as a starting point for the ultimate price of the vehicle and can be a negotiating tactic for dealerships.

article thumbnail

Dealers’ Optimism on Rise, says Cox Q4 2024 Dealer Sentiment Index

AutoSuccess

The latest survey, conducted immediately following the national election in early November, indicates that, while current market conditions are still viewed as weak, dealers are increasingly optimistic about the future. This significant increase suggests that more dealers believe the auto market will be stronger in the next three months.