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.

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AutoSuccess

JANUARY 24, 2025

As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. Used car day supply is expected to remain tight and steady.

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Auto Remarketing

JUNE 18, 2024

Used electric vehicles are seeing their prices erode, both on a retail and wholesale basis. And not only did average retail prices of used EVs fall nearly 30% last month, but these vehicles have also become increasingly cheaper than used internal-combustion-engine vehicles.

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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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AutoSuccess

MARCH 20, 2025

Following their visits to NADA last month, we have a more thankful nation of car dealers. million new-vehicle sales for the year, up 1.2% Battery Electric Vehicles growth is estimated to increase, interest rates are becoming more favorable for consumers and an optimistic economy bodes well. from last year.

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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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Auto Remarketing

FEBRUARY 12, 2025

While the lack of public charging facilities is one of the most cited reasons by consumers for not considering an electric vehicle, most EV owners say they dont need or use them. of its used-car retail sales in 2024, well above the 1.3% Carvana said EVs accounted for 5.7%

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Auto Remarketing

JANUARY 24, 2024

Ivan Drury says the retail used electric vehicle market has long been a topic of interest, and one reason for that has been the limited supply of “legitimate contenders,” he said. For so long, it was Tesla or compliance car, and that was it,” said Drury, who is director of insights for online car shopping guide Edmunds.

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AutoInc.

JUNE 16, 2023

As electric vehicles (EVs) continue to gain popularity, it is crucial for automotive retail businesses to understand and cater to diverse consumer segments. The lack of appeal of EV sales among women is a source of concern, but also represent a great opportunity for growth for modern automotive retail businesses.

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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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AutoSuccess

JANUARY 14, 2025

is joining forces with Lyteflo to elevate electric vehicle (EV) merchandising for car dealerships. Battery Health Reports : Coming soon, real-time battery insights will instill buyer confidence in the vehicles they are looking to purchase. DealerOn Inc.

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Auto Remarketing

FEBRUARY 10, 2025

The year started off with expectations there might be a return to normal in the used-car market. Industry observers releasing wholesale vehicle price indices last week noted uncertainty and surprises in the market to begin the year. At Black Book, the Used Vehicle Retention Index came in at 146.3 last month, down 1.2%

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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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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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AutoSuccess

MARCH 14, 2025

The mix of used-vehicle inventory at the time of the survey was good, according to both franchised and independent dealers. Mixed Views on Electric Vehicle Sales and Market Expectations Dealers’ views on electric vehicle (EV) sales improved in Q1 compared to the previous quarter and last year.

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Auto Remarketing

NOVEMBER 13, 2024

Furthermore, Black Book noticed its estimated used retail days to turn dropped for the fourth week in a row and is now at roughly 48 days. The car segments saw a deceleration in depreciation, significantly influenced by the reduced rate of decline in the budget-friendly compact car category. “The

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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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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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AutoSuccess

OCTOBER 18, 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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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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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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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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AutoSuccess

MARCH 6, 2025

Most car buyers have heard the saying, Your new car loses value the moment you drive it off the dealers lot! but they may be surprised to know that depreciation can be one of the biggest expenses they will encounter while owning a vehicle. Top 10 models appear in alphabetical order).

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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

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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Auto Remarketing

FEBRUARY 26, 2025

As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report , the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. The used vehicle market also saw growth in hybrid and EV 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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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

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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AutoSuccess

DECEMBER 18, 2023

The Federal Trade Commission has finalized a new rule to fight two common types of illegal tactics consumers face when buying a car: bait-and-switch tactics and hidden junk fees. billion and an estimated 72 million hours each year shopping for vehicles. The new rule is expected to save consumers nationwide more than $3.4

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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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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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Tire Review Magazine

FEBRUARY 26, 2025

The Surpass AS01 targets the needs of sports car owners, SUVs, and electric vehicle (EV) drivers. Steve Bourassa : No, its compatible with both electric vehicles and traditional internal combustion engine vehicles. Were not looking to expand into big-box retailers at this time.

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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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