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

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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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Lotlinx Q3 Report Reveals High Day Supply, Largely Aging Vehicle Inventory

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Lotlinx ’s Q3 Quarterly Vincensus Report, which offers insights into the current state of the automotive retail market for both new and used vehicles, inventory risk, vehicle sales, consumer preferences and markdown/pricing strategies, is now available. Click here to access the full Q3 Quarterly Vincensus Report.

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

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That trend has also driven down retail prices, which have dropped 4.9% Not surprisingly given the recent price drops among electric vehicles, the Tesla Model Y was at the top of the list of popular models with falling trade values, losing $7,771 — 21.8% year-over-year to an average of $28,871. years old, rose 16.8%. from August 2022.

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Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

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With higher supply and lower prices, new-vehicle sales in 2024 are expected to gain over 2023, but market growth will be constrained, with an increase of less than 2% expected and the market new-vehicle market reaching sales of 15.6 In 2024, the used-vehicle market is expected to grow by less than 1%. million sales.

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Cox survey finds dealer sentiment stable – at a pessimistic level

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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. Overall, dealer sentiment is likely worse than actual market conditions,” Smoke said.

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CarGurus’ latest consumer analysis shows continued push toward online buying & selling

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The automotive market has seen incredible change within the last few years, with pricing and inventory levels in flux, EVs becoming more mainstream, and more paths to purchase — especially online — available for shoppers,” CarGurus director of product marketing Alison Ciummei said in a news release. “As

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