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automobile dealers’ view of current market conditions increased from an index score of 42 in Q4 2024 to 44 in Q1 2025. Franchised automobile dealers had a positive outlook with a score of 54, seeing the market as strong. automobile dealers were feeling pretty good about the market,” added Smoke.
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.
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. Citing data from its vAuto business unit, Cox Automotive estimated that used-vehicle retail sales in February climbed 18% month-over-month and 5% year-over-year.
Buying a usedcar can be an exciting endeavor, but it also involves careful consideration and due diligence. These inspections offer a comprehensive evaluation of a usedvehicle’s condition, providing valuable insights into its mechanical health and overall reliability.
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.
Retail vehicle sales have been fairly consistent so far this year, inventory has returned to reasonable levels, and we believe interest rates have likely hit a ceiling. Still, a score above 50 suggests that more dealers view the new-vehicle sales market as strong rather than weak.
While car prices were high in 2023, car buyers — especially used-car buyers — were increasingly happier with their experience, according to the latest research from Cox Automotive. New-car buyers matched the all-time high 79% set in 2020, while 73% of used-car shoppers reported being highly satisfied, up from 70% in 2022.
Industry Trends in 2023 While the usedcar boom that sent prices sky high may be winding down, there is still a large demand for quality usedvehicles. Once seemingly overvalued, older cars will take the biggest hit, while late-model cars will hold steady or decline slightly, mirroring the trend for new cars.
Auto dealerships are also embracing new AI tools for enhancing customer service and reshaping how they price their vehicles. In a traditional book value pricing method, auto remarketing dealerships list the base retail value on their website, leaving out factors such as mileage and vehicle condition.
automobile dealers. Franchised dealers, who sell both new and usedautomobiles, are more optimistic than used-only independent dealers, with an index score of 50. 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.
“The vehicle market in the U.S. The market outlook index, which queries dealers about expectations for the vehicle market three months from now, typically enjoys a ‘spring bounce’ as automobile dealers look to the spring selling season. That is no longer the case.
As a Saab enthusiast, maintaining your vehicle should be a priority for preserving the legacy and performance it is known for. Maintenance and service are some of the most crucial factors that help your Saab car provide the driving experience you want. Below are the main benefits of keeping your Saab regularly maintained.
As a Saab enthusiast, maintaining your vehicle should be a priority for preserving the legacy and performance it is known for. Maintenance and service are some of the most crucial factors that help your Saab car provide the driving experience you want. Below are the main benefits of keeping your Saab regularly maintained.
Educated and trained as an automobile technician in England, Brian and his wife Jennifer dreamed of traveling to the United States. Throughout their 45 years in business, BA Auto Care has continually embraced new developments in the auto industry, now repairing cars of all makes and models, including hybrid and electric vehicles.
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