Automotive Marketing Retail Used Cars 
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%
Auto Remarketing
SEPTEMBER 20, 2024
The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up 2.3% That trend has also driven down retail prices, which have dropped 4.9% from last year, while cars in the $10,000-$19,000 range, averaging 7.3 years old, rose 16.8%.
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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. Dealerships that embrace this change are poised to thrive in the new era of automotive retailing.
Auto Remarketing
OCTOBER 29, 2024
Here’s more evidence the used-car market is a complex place nowadays. By leveraging advanced analytics, dealers can anticipate market shifts, optimize their inventory mix, and implement dynamic pricing strategies that respond to real-time market conditions.”
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.”
AutoSuccess
AUGUST 20, 2024
As we continue to navigate the shifting landscape in auto retail, one thing has become crystal clear: the days of cost-cutting have ended. In December, I wrote about how to make wise cuts to your marketing as the market retracted, and that was the right move then. The SAAR, after all, only accounts for new vehicle registrations.
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. Overall, dealer sentiment is likely worse than actual market conditions,” Smoke said.
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