Auto Remarketing

FEBRUARY 16, 2024

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

Used Cars Retail Car Vehicle 105

The Mechanic Doctor

JANUARY 4, 2024

The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics If you are looking for a new or used car, you might be wondering how to get the best deal possible. One way to do that is by using automotive market analysis. Automotive market analysis can save you money in several ways.

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Automotive Marketing Automotive Used Cars Mechanic 52

Auto Remarketing

JANUARY 29, 2024

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. The industry will undergo a gentle yet positive trajectory in both the new and used segments.” million-unit levels before COVID.

Car 98

Car Automotive Marketing Retail Used Cars 98

Solera

FEBRUARY 14, 2024

While Gen Z currently constitutes a small segment of the automotive market, making up 26% of the global population, as more of them become driving age, their influence will grow. This is a pivotal moment for the automotive industry. To do this, the perception of used-car parts need to change.

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Automotive Insurance Car Parts Used Cars 130

Auto Remarketing

MARCH 18, 2024

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. The pandemic has accelerated changes in consumer behavior and expectations, leading to a notable shortage in the new- and used-car day’s supply.

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Retail Car Consulting Automotive 98

AutoSuccess

SEPTEMBER 6, 2024

Let’s explore the factors driving inflation in the automotive market and discuss strategies for dealers to support their customers through these difficult economic conditions. cars or roughly two vehicles, according to Money Geek. This means the average household spends over $2,000 per month to own and maintain their cars.

Vehicle 98

Vehicle Insurance Finance Used Cars 98

Auto Remarketing

OCTOBER 29, 2024

Here’s more evidence the used-car market is a complex place nowadays. According to the Q3 Quarterly Vincensus Report , Lotlinx acknowledged while certain brands face issues with high day supply and a largely aging inventory, others are struggling with supply constraints.

Vehicle 52

Vehicle Automotive Marketing Retail Automotive 52

AutoSuccess

MARCH 1, 2024

In the automotive sales industry, a significant shift is underway, marked by the evolution of vehicle appraisal tools that are enhancing accuracy and instilling confidence among used car managers. Traditionally, dealerships have relied on inventory tools that use market data to price their inventory.

Automotive 52

Automotive Automotive Marketing Utilities Vehicle 52

The Mechanic Doctor

JANUARY 2, 2024

Their full VIN report is functional for buyers who may not have extensive knowledge of car histories. Features and Benefits The program provides consumers with the unique AutoCheck Score, a scoring system that enables them to rapidly comprehend a car’s history and contrast it with comparable autos.

Vehicle 52

Vehicle Automotive Marketing Mechanic Automotive 52

AutoSuccess

AUGUST 20, 2024

In December, I wrote about how to make wise cuts to your marketing as the market retracted, and that was the right move then. Now, car sales have surpassed pre-COVID levels, and marketing budgets are surging as many dealers have realized the bottom is already behind us. The result? Hold The Door!

Consulting 52

Consulting Retail Car Vehicle 52

Auto Remarketing

JUNE 12, 2024

In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. Of course, that’s not necessarily a good thing.

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Automotive Automotive Marketing Auto Market Retail 52