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In its latest State of the Dealer report, ZeroSum said March used-vehicle sales soared to the highest level in its seven years of tracking that data, while new-vehicle movement jumped 38% month-over-month, thanks to a combination of more selling days, tax refunds and most notably pull-ahead sales related to tariff concerns. 28 to March 31.
The automotive industry offers a wide range of career opportunities, and for those with an eye for detail and a knack for numbers, becoming an auto body estimator can be an excellent choice. Prepare for continued career growth after automotive school. Are you ready to start automotive school ?
To celebrate the 25th anniversary of UsedCar Week, Cherokee Media Group has launched the UCW Hall of Fame to recognize executives who have played an important role in the development, growth and success of UsedCar Week over time. 18 in Scottsdale, Ariz. 18 in Scottsdale, Ariz. Listen to the conversations below.
At ATC Cambridge, students gain hands-on experience working on various vehicles, preparing them to handle the unique needs of electric cars. The Importance of Professional Automotive Detailing Auto detailing involves transforming a vehicle into something that looks brand new. Are you ready to start automotive school ?
The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market. This trend is expected to persist through 2027, according to DesRosiers Automotive Consultants. Off-lease vehicles are a key source of product for the usedcar market.
At ATC Montreal, students gain hands-on experience working on various vehicles, preparing them to handle the unique needs of electric cars. The Importance of Professional Automotive Detailing Auto detailing involves transforming a vehicle into something that looks brand new. Are you ready to start automotive school ?
But the supply of vehicle inventory, already an issue in the used-car sector, looms as a factor in both the short and long term. TO READ THE FULL STORY BECOME A MEMBER Login The post Tariffs expected to take a toll on used-car supply now and later appeared first on Auto Remarketing.
Usedcar prices continue to decline as availability increases and new car prices have stabilized in the Canadian automotive market, according to analysis from AutoTrader.
In today’s competitive usedcar market, dealerships can’t afford to rely on guesswork during vehicle appraisals. In the usedcar market, predictability is the foundation of profitability. Accurate appraisals are the key to a more profitable future in usedcar sales.
At the upcoming Auto Intel Summit in April, Cherokee Media Group is launching the Automotive Intelligence Awards , which expands the program previously known as the Emerging 8. Automotive Intelligence Awards: Emerging Companies. Industry leaders believe these firms are on the cusp of automotive innovation and tech development.
Brisbane, with its bustling automotive market, 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 usedcar market 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 usedcar market is also seeing an influx of these eco-friendly vehicles.
We continue our episodes of the Auto Remarketing Podcast originating from UsedCar Week 2024 in Scottsdale, Ariz., with a discussion focused on investment funding coming into automotive and what venture capitalists think of the industry. Listen to the episode in the window below and stay tuned for more from UCW 2024.
Meta description: Discover why vehicle history reports are crucial for usedcar transactions, providing transparency, negotiation leverage, and peace of mind for both buyers and sellers. In the complex world of usedcar purchases, vehicle history stands as perhaps the most valuable tool for both buyers and sellers.
As part of the inaugural Automotive Intelligence Awards , Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
The retail used-car market, including the certified pre-owned segment, showed some real strength last month, improving from both year-ago and January figures. Citing data from its vAuto business unit, Cox Automotive estimated that used-vehicle retail sales in February climbed 18% month-over-month and 5% year-over-year.
Tesla and Stellantis made the cars with the most problems between 2014 and 2019, according to data compiled by Consumer Reports. As you might probably expect, the most reliable cars from that period all wear Japanese automotive logos. Here's what the nonprofit organization uncovered.
There’s “snow” rest for the weary in the car business. Plus, Von Busch goes into detail about Experian’s special report on the used-car market. Listen to the conversation in the window below.
From restoring a cars exterior shine to perfecting its interior, this training equips students with the expertise needed to increase the market value of vehicles, particularly in the usedcar industry. Are you ready to start automotive training ? Contact CATI for more information!
In fact, Cox Automotive found that “reporting was more disrupted than actual sales,” but noted that July will likely make up for June’s disruption in the used-car market. The crisis may have affected the reporting of the pre-owned vehicle sales that did happen. And even with disruption, dealers increased.
It was March momentum for the retail used-car market. million used vehicles, which was a 10.9% from February, according to Cox Automotive. million used vehicles, compared to 4.29 Affordability matters more than ever to consumers, and declines in used-vehicle prices help offset higher interest rates,” Robb said.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. Roberts, who is from Detroit, has a deep family background in automotive.
Used-car retail sales in April were ahead of prior-year figures, but the market was challenged, given the end of tax season and the hurdles of low supply, affordability and high interest rates. And that’s to be expected, says Cox Automotive. million used vehicles last month, which beat April 2023 by 4.8% but was a 7.0%
For stakeholders in the automotive industry, particularly in the usedcar market, understanding how blockchain can reshape the sector is not just about keeping pace it’s about seizing opportunities for efficiency, transparency, and growth. Workshops and educational programs can provide valuable insights.
And for many, the used-car market is the only or best option. That’s one way to explain why year-to-date used retail sales through August have climbed 4.5% — growth that has occurred despite the headwinds of high prices and steep interest rates, says Cox Automotive. Folks still need personal vehicles.
Filed under: Car Buying , UsedCar Buying , Automotive History , Maintenance , Ownership , Classics Continue reading Here's $25,000, import a usedcar from Europe Here's $25,000, import a usedcar from Europe originally appeared on Autoblog on Thu, 12 Oct 2023 10:02:00 EDT.
By Dr Rana Farag, PhD, MBA, AI Product Leader The demand for environmentally conscious solutions is gaining momentum across various sectors, and the automotive industry is no exception. This is a pivotal moment for the automotive industry. To do this, the perception of used-car parts need to change.
He knows cars and The Cars. An economist who moved from the real estate market to the automotive market while moonlighting as a DJ Cox Automotive chief economist Jonathan Smoke is among our first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program.
A while back, one automaker ran commercials saying something like, “The best new cars make the best usedcars.” Consumer Reports recently put that thinking to the test with an evaluation of the brands and models that make the best used purchases , and there are few surprises with the top brands.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
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%
As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
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%
Today on the Automotive Podcast, I will be taking your car related questions. The “Viewer Automotive Question” shows are done every Monday. If you have a car question for a show like this, email me Charles(at)Humblemechanic(DOT)com. Be sure to put the phrase “Question for Charles” in the subject.
However, amid these challenges, used vehicle sales present a bright spot. While the broader market may struggle, usedcar sales have remained steady, providing a significant opportunity for dealerships to focus on areas within their control to drive more predictable profit.
We continue our episodes of the Auto Remarketing Podcast originating from UsedCar Week 2024 in Scottsdale, Ariz., with panel of three experts who discussed not only automotive wholesaling, retailing and financing, but also the general state of the economy.
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Cox Automotive estimated February used-car sales made the largest jump seen in recent years. And the used-vehicle sales index segment of the Cox Automotives Q1 2025 Dealer Sentiment Index (CADSI) improved for the fifth straight quarter. Cox Automotive found that the economy dropped to No.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
June represented the steepest month-over-month drop in wholesale vehicle prices since the early days of the COVID-19 pandemic, according to the Manheim Used Vehicle Value Index report released Monday. Cox Automotive, which publishes the index, said wholesale values last month were down 4.2% from May and fell 10.3% for the month.
If you’ve ever marveled at how cars on usedcar lots seem to gleam effortlessly in the sunlight, it’s likely thanks to a professional car wax. For students in auto detailing training, learning to wax a car is an essential skill beyond simply making a vehicle look good. Contact ATC Toronto to learn more!
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