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How a lack of off-lease vehicle is hurting the used market

Auto Service World

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 used car market.

Vehicle 274
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Hurricane-Damaged Vehicles Still Impacting Used Car Market Months After Storms

AutoSuccess

While the Southeast recovers from the devastating impacts of Hurricanes Helene and Milton, their lingering effects are still being felt in the used car market. For those in the market for a used vehicle, this means extra caution is necessary. earlier this year.

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How pricing balance is coming back to used vehicles

Auto Service World

The used vehicle market in 2024 was a rollercoaster, influenced by a mix of factors, according to DesRosiers Automotive Consultants. A survey of Used Car Dealers Association members highlighted a stark contrast between independent used vehicle dealers and franchised new vehicle dealers.

Vehicle 130
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Stop Scrambling for Used Car Inventory

AutoSuccess

It’s no secret that dealers are facing a complex set of challenges when sourcing used car inventory. While supply constraints have been a major focus, it’s also important to consider how demand dynamics are influencing the used car market and complicating dealerships’ ability to source inventory effectively.

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COMMENTARY: The new dynamics of car retailing, navigating the post-pandemic shift

Auto Remarketing

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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Unlocking Service Drive Revenue: The Critical Role of Technician Inspections

AutoSuccess

In my extensive years of service consulting, the phrase “money left on the table” has been a constant rallying cry for both consultants and technology products urging clients to optimize their revenue potential. To illustrate this point, I conducted an eye-opening exercise at a large Lexus store involving 45 technicians.

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COMMENTARY: How blockchain is set to transform the automotive industry

Auto Remarketing

For stakeholders in the automotive industry, particularly in the used car market, understanding how blockchain can reshape the sector is not just about keeping pace it’s about seizing opportunities for efficiency, transparency, and growth. Brad can be reached via email at brad@leroylynn.com.