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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AutoSuccess

NOVEMBER 21, 2024

However, amid these challenges, used vehicle sales present a bright spot. While the broader market may struggle, used car sales have remained steady, providing a significant opportunity for dealerships to focus on areas within their control to drive more predictable profit.

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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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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.”

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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.

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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.

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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. 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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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.

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The Mechanic Doctor

JANUARY 2, 2024

Vehicle History Report Canada (VHRC) Vehicle History Report Canada (VHRC) is a service that provides detailed vehicle history reports, primarily catering to the Canadian automotive market. This platform provides vital information to people in Canada who are interested in buying used cars.

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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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AutoSuccess

AUGUST 20, 2024

It’s a gauge of how many vehicles are trending to be sold that year and helps us compare sales volume against other points in history — or does it? Something the automotive SAAR doesn’t capture is the part that used car sales play in your store’s profitability. Hold The Door!

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