Auto Remarketing

SEPTEMBER 27, 2024

As we inch closer to the end of 2024, auto dealers are seeing several shifts and developments that will shape their vehicle inventory levels and marketing strategies through the remainder of the year. Slower adoption of electric vehicles EVs are not gaining traction as quickly as once anticipated.

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Automotive Training Centre

FEBRUARY 8, 2024

The automotive industry is witnessing a monumental shift towards sustainability, with electric vehicles (EVs) at the forefront of this transformation. This trend impacts consumers and presents a burgeoning opportunity for those considering a career in hybrid and electric vehicle mechanics.

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Auto Service World

OCTOBER 12, 2024

Photo source The Electric Vehicle (EV) market in Germany has experienced a significant downturn in recent months. Subsidy cuts The German government’s decision to reduce or eliminate subsidies for electric vehicles has made them less affordable for many consumers there.

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Auto Remarketing

SEPTEMBER 20, 2024

Cars Commerce’s latest look at the used-vehicle market is an old story. 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. That trend has also driven down retail prices, which have dropped 4.9% from August 2022.

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Used Cars Car Vehicle Automotive Marketing 97

Auto Remarketing

APRIL 29, 2024

The CARFAX Used Car Index made its debut a year ago, and in an analysis recapping the latest installment , the company pinpointed three retail used-car pricing trends that have stood out. Tom Kontos, the chief economist at ADESA, has noticed a similar flattening in wholesale used-car prices. Luxury cars were down 6.1%

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Auto Remarketing

APRIL 17, 2024

It was March momentum for the retail used-car market. million used vehicles, which was a 10.9% 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. gain from March 2023 and up 18.5% from January.

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Used Cars Car Retail Vehicle 105

autoevolution

DECEMBER 6, 2023

Sergio Marchionne famously said that Fiat Chrysler Automobiles lost a staggering $14,000 every time someone bought one, which is a staggering amount of money for a pint-sized electric vehicle that used to retail at $32,500. continue reading. )

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Auto Remarketing

NOVEMBER 28, 2023

Two of the experts at Experian Automotive — John Howard and Kirsten Von Busch — spent part of their time at Used Car Week discussing electric vehicles for this episode of the Auto Remarketing Podcast. Howard and Von Busch recapped what the industry has learned about EV retailing and more this year.

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AutoSuccess

FEBRUARY 19, 2024

Cox Automotive ‘s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. At 80%, new electric vehicle (EV) buyers continue to report the highest levels of satisfaction with the process.

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Car Vehicle Retail Automotive 80

Auto Remarketing

JULY 10, 2023

Perhaps it’s the lower price point, more vehicle options available, increased consumer comfort level or some combination of factors. But while still just a sliver of the overall used-car market, sales of pre-owned electric vehicles are making marked improvements for dealers and other retailers.

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Jalopnik

DECEMBER 7, 2023

Tesla dramatically dropping the retail prices of its electric vehicles has perhaps been a boon for some of its customers, but the fleet buyers have found the move a bit unnerving.

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Electric Vehicles Retail Electricity Vehicle 72

Tire Review Magazine

NOVEMBER 21, 2023

Nokian Tyres has joined a Polestar 0 project to create a climate-neutral car by 2030. The electric vehicle manufacturer Polestar’s project targets to eliminate all greenhouse gas emissions stemming from the production and end-of-life of the car. Each component has to be climate neutral and so do their value chains.

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Auto Remarketing

JULY 23, 2024

“Millennials” and “electric vehicles.” Auto industry buzzwords used for years at conferences to convey youth, emerging trends in car-buying, newcomers or rising stars. And millennials, well, many of us are in our 40s, have mortgages, children and/or pets and have been buying cars for 25-plus years.

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Retail Electric Vehicles Electricity Vehicle 52

Tire Review Magazine

NOVEMBER 21, 2023

Nokian Tyres has joined a Polestar 0 project to create a climate-neutral car by 2030. The electric vehicle manufacturer Polestar’s project targets to eliminate all greenhouse gas emissions stemming from the production and end-of-life of the car. Each component has to be climate neutral and so do their value chains.

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Car Retail Manufacturing Electric Vehicles 40

Jalopnik

MAY 13, 2024

Online retailers like Amazon are full of NACS adapters that look like they would allow non-Tesla EVs to charge at Tesla Superchargers ,… Read more. Tesla’s charge port has become the North American Charging Standard (NACS), but what does it take for non-Tesla owners to take advantage of the brand’s ubiquitous Supercharger network?

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Auto Remarketing

MAY 9, 2024

Are traditional car dealerships becoming less relevant in this era of digital disruption? car buyers in three “key dimensions” — dealer relevance, trend resistance and actions — to measure customer perception of dealers. Not according to the latest study conducted by Urban Science and The Harris Poll.

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Auto Remarketing

MAY 8, 2024

Affordability and availability of used electric vehicles is improving, and in some cases, so are sales. Over 4% of Carvana’s sales in the first quarter were battery-electric vehicles, more than doubling their share of sales from Q1 2023, according to a study released Wednesday by the online used-car retailer.

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Used Cars Electric Vehicles Vehicle Retail 98

AutoSuccess

FEBRUARY 1, 2024

On the first day of the NADA Show 2024 in Las Vegas, the Center for Sustainable Energy (CSE) and the National Automobile Dealers Association (NADA) launched an innovative online electric vehicle (EV) sales training certification program to empower dealership staff to educate car shoppers about the advantages of driving electric.

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Auto Remarketing

FEBRUARY 26, 2024

million new retail vehicle registrations in the U.S. during 2023 to determine the results, said both retail sales and loyalty were up year-over-year. In 2023, more than 42% of Nautilus owners returning to market for their next vehicle chose another Nautilus. S&P, which analyzed 12.6

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AutoSuccess

SEPTEMBER 3, 2024

Winners of the prestigious DVL Awards demonstrated the highest new retail vehicle registrations with ethnic consumers. “The DVL Awards are representative of the commitment of automakers to ensure their vehicles are marketed to diverse consumers,” said Marc Bland, chief diversity officer, S&P Global Mobility.

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AutoSuccess

FEBRUARY 14, 2024

In his first address to the country’s franchised new-car dealers at NADA Show 2024, Gary Gilchrist identified the challenges the auto retail industry faces and outlined how he will tackle them as 2024 chairman, calling on the support of NADA members. “I I know how dealers think: I know we will always have your passion!”

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Auto Remarketing

JULY 9, 2024

However, even though much of the industry was feeling the retail sales disruptions caused by the CDK outages in the latter part of the month, Manheim started to see wholesale price declines decelerate, ending the month at a seasonally normal pace,” Robb said. Luxury vehicles were down 9.9%, midsize cars were off 11.0%, pickups fell 8.3%

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AutoSuccess

JULY 31, 2024

The survey, gathered from Kerrigan Advisors’ annual survey of automotive OEM executives in conjunction with the issuance of The Blue Sky Report , is designed to gauge OEM executives’ perspectives on the franchise system, dealer profitability and electric vehicle sales.

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Auto Remarketing

SEPTEMBER 27, 2024

It might not be an earthquake, but the landscape of electric vehicles is beginning to shift. The growth in non-luxury options has also caused a shift in non-luxury EV retail market share. of EV owners who replaced their vehicle in the past 12 months did so with another EV, while 16.2% in Q2 2023. points to 11.2%

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AutoSuccess

JANUARY 29, 2024

With higher supply and lower prices, new-vehicle sales in 2024 are expected to gain over 2023, but market growth will be constrained, with an increase of less than 2% expected and the market new-vehicle market reaching sales of 15.6 In 2024, the used-vehicle market is expected to grow by less than 1%. million sales.

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AutoSuccess

APRIL 30, 2024

Energy Toolbase , Socomec and Sprocket Power have deployed an energy storage system (ESS) at an expansive New York car dealership to provide microgrid capabilities, reduce demand charges and participate in the state’s demand response programs.

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Tire Review Magazine

SEPTEMBER 27, 2024

To that end, White is impressed with how the tire industry is responding to the number of different vehicles being made by introducing new brands and models of tires and parts to repair those vehicles. However, while the tire manufacturers may be innovating, he’s not seeing that same level of advancement on the retail level.

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Education Vehicle Retail Electric Vehicles 52

Tire Review Magazine

SEPTEMBER 27, 2024

To that end, White is impressed with how the tire industry is responding to the number of different vehicles being made by introducing new brands and models of tires and parts to repair those vehicles. However, while the tire manufacturers may be innovating, he’s not seeing that same level of advancement on the retail level.

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Education Vehicle Retail Electric Vehicles 52

AutoSuccess

FEBRUARY 3, 2024

The comprehensive report, which provides insights from more than 7,000 recent car buyers and dealer service customers in the United States, indicates a clear trend: Dealerships are not meeting consumer expectations regarding digital communications. Car shoppers have high expectations that dealers will present the requested information.

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Electric Vehicles Vehicle Management Automobile 52

AutoSuccess

NOVEMBER 21, 2023

This year, overall customer satisfaction with the vehicle purchase experience increases to 793 (on a 1,000-point scale) from 786 a year ago. Overall satisfaction among owners of mass market EVs is 790, while satisfaction among mass market ICE vehicle owners is 848. “The for ICE retailer staff expertise. compared with 8.95

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AutoSuccess

FEBRUARY 27, 2024

These types of issues may make consumers think twice before investing in new and used vehicle models when car shopping. Furthermore, the government’s decision to resume student loan re-payments may place additional pressure on sales of new vehicles, especially for younger consumer demographics.

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Auto Remarketing

JULY 31, 2024

In almost every conversation I’ve recently had regarding the future of the electric vehicle market — specifically, battery electric vehicles — there is a passionate stance for one side of the argument or the other. That indicates a significant rise in consumer acceptance and demand for high-mileage vehicles.

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AutoSuccess

AUGUST 16, 2024

Vehicle leasing has returned to a spirited level of activity on dealer lots this year. However, leasing requires a close review of a car shopper’s credit. of new vehicle purchases in Q1, compared with 19.3% The lender must verify these documents before they can fund the dealer for the vehicle. Leases made up 24.1%

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AutoSuccess

AUGUST 12, 2024

After years of being overshadowed by emerging electric vehicles from Tesla and other brands, the hybrid — a gasoline vehicle that has both an internal combustion engine and an electric motor — is enjoying a resurgence in 2024. Or Are You Aligning Your Dealership Too Closely with EVs? EV sales have slowed in the U.S.

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Auto Remarketing

JANUARY 17, 2024

“So, we really have a lot of information about which version of the vehicle is the right version for a certain location, or in a certain part of town, or in a certain city. Reuss will speak on GM’s transformation following the auto industry’s “seismic” shift to electric, connected and autonomous vehicles. Why arrive a day early?

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AutoSuccess

JUNE 11, 2024

Retail vehicle sales have been fairly consistent so far this year, inventory has returned to reasonable levels, and we believe interest rates have likely hit a ceiling. Electric Vehicle Sales Sentiment Remains Weak Sentiment about electric vehicle (EV) sales fell to a new low in Q2.

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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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