Auto Remarketing

FEBRUARY 26, 2025

As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report , the automotive market 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.

Management 52

Management Automotive Marketing Vehicle Electric Vehicles 52

Auto Remarketing

JANUARY 14, 2025

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.

Retail 59

Retail Management Vehicle Media 59

AutoSuccess

JANUARY 24, 2025

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.

Retail 52

Retail Management Vehicle Media 52

Auto Remarketing

JANUARY 29, 2024

“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 automotive market in 2024,” Black Book chief data officer Alex Yurchenko said in a news release accompanying the report.

Car 98

Car Automotive Marketing Retail Used Cars 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. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans.

Vehicle 98

Vehicle Insurance Finance Used Cars 98

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.

Retail 98

Retail Car Consulting Automotive 98

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

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.

Vehicle 52

Vehicle Automotive Marketing Mechanic Automotive 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.

Automotive 52

Automotive Automotive Marketing Auto Market Retail 52

AutoSuccess

AUGUST 20, 2024

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.

Consulting 52

Consulting Retail Car Vehicle 52

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