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COMMENTARY: The new dynamics of car retailing, navigating the post-pandemic shift

Auto Remarketing

As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector. Dealerships that embrace this change are poised to thrive in the new era of automotive retailing.

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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. These are just some of the trends and data shared in the inaugural monthly Industry Insights Report from Cars Commerce released Thursday. Used-car demand fell 7.6%

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Live Chat Revs Up Automotive Marketing in 2024

AutoSuccess

Meanwhile, manufacturer incentive spending continues to rise, as does competition between retailers to attract buyers to showrooms. Ramping up Marketing Dealers are shifting strategies to address these challenges. If a car shopper shows up on your lot and is not greeted by anyone, that person probably won’t stay long.

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Cars Commerce’s new look at used-car market tells an old story

Auto Remarketing

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. That trend has also driven down retail prices, which have dropped 4.9% years old, rose 16.8%.

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Used- and new-car patterns likely getting back to ‘normal’ in 2024

Auto Remarketing

That includes a “normal seasonal trend” when it comes to depreciation in the wholesale vehicle market, along with “modest growth trajectory” in the new-car segment, Black Book said in a report Monday. This is likely to change the age distribution of used-car supply. On the new-car side, Black Book is anticipating roughly 15.8

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Runway Growth Capital Provides Growth Investment to CarNow

AutoSuccess

This strategic investment will support CarNow’s continued market expansion and accelerated product development that will enhance the car buying and selling experience. With Runway’s support, we’re poised to accelerate our growth, enhance our product offerings and continue to disrupt the automotive retail industry.

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Roadmap to Prosperity: Indie Dealerships’ Guide to Competing with the Big Players

Solera

Introduction In the fast-paced world of automotive retail, independent dealerships often face stiff competition from larger counterparts. While it may seem like a David vs. Goliath scenario, there are strategic approaches that indie dealerships can employ not only to survive but thrive in the market.