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Brisbane, with its bustling automotivemarket, offers plenty of options. This, however, can make your car buying journey more challenging. This guide will walk you through the process of finding the most reliable usedcar dealers in River City, ensuring you drive away with a great vehicle and peace of mind.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the usedcarmarket is also seeing an influx of these eco-friendly vehicles.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the usedcarmarket is also seeing an influx of these eco-friendly vehicles.
It was good news, bad news for the retail used-carmarket 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%
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. The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up 2.3%
The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics If you are looking for a new or usedcar, you might be wondering how to get the best deal possible. One way to do that is by usingautomotivemarket analysis. Automotivemarket analysis can save you money in several ways.
While Gen Z currently constitutes a small segment of the automotivemarket, 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.
As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 AutomotiveMarket Report , the automotivemarket has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. The used vehicle market also saw growth in hybrid and EV sales.
As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. When it comes to aged units, AI-powered markdown strategies will become increasingly sophisticated.
As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. When it comes to aged units, AI-powered markdown strategies will become increasingly sophisticated.
“Normal” hasn’t often been a word to describe the auto industry in the last four years, but 2024 could be the return of stability and typical market patterns. The data suggests a promising bounce back for the automotivemarket in 2024,” Black Book chief data officer Alex Yurchenko said in a news release accompanying the report.
Let’s explore the factors driving inflation in the automotivemarket and discuss strategies for dealers to support their customers through these difficult economic conditions. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for usedcar loans.
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.
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 usedcar managers. Traditionally, dealerships have relied on inventory tools that usemarket data to price their inventory.
VinAudit also offers numerous vehicle data reports for dealers and businesses tailored to the Canadian market. Their full VIN report is functional for buyers who may not have extensive knowledge of car histories. AutoCheck is renowned for having a database that traces cars that get imported into Canada.
In the face of uncertainty in the automotivemarket, 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.
Accountability starts with clear and objective information, and vague statements like “it’s the market” don’t cut it. The truth is that there are very real market forces at play, which absolutely impact consumer interest, vehicle affordability, challenges desking deals and challenges running a profitable dealership.
Here’s more evidence the used-carmarket 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.
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