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.

Used Cars 105

Used Cars Car Retail Electric Vehicles 105

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.

Retail 104

Retail Electric Vehicles Used Cars Electricity 104

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.

Retail 52

Retail Electric Vehicles Electricity Vehicle 52

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.

Electric Vehicles 52

Electric Vehicles Electricity Vehicle Education 52

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.

Electric Vehicles 130

Electric Vehicles Electricity Vehicle Entertainment 130

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.

Used Cars 97

Used Cars Car Vehicle Automotive Marketing 97

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. )

Automobile 82

Automobile Retail Electric Vehicles Electricity 82

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.

Retail 52

Retail Management Vehicle Media 52

Auto Remarketing

JANUARY 14, 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. For more information, visit www.lotlinx.com.

Retail 59

Retail Management Vehicle Media 59

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.

Car 80

Car Retail Vehicle Automotive 80

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.

Electric Vehicles 72

Electric Vehicles Retail Electricity Vehicle 72

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.

Retail 52

Retail Automotive Used Cars Vehicle 52

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

Automotive 98

Automotive Utilities Retail Manufacturing 98

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.

Used Cars 98

Used Cars Electric Vehicles Vehicle Retail 98

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.

Retail 40

Retail Automotive Used Cars Utilities 40

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.

Retail 52

Retail Electric Vehicles Used Cars Electricity 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.

Car 52

Car Retail Manufacturing Electric Vehicles 52

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?

Retail 58

Retail Car Electric Vehicles IT 58

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%

Electric Vehicles 52

Electric Vehicles Electricity Retail Used Cars 52

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.

Retail 52

Retail Electric Vehicles Electricity Vehicle 52

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%

Retail 81

Retail Automotive Electric Vehicles Vehicle 81

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.

Car 40

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.

Electric Vehicles 52

Electric Vehicles Education Electricity Automobile 52

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%

Vehicle 52

Vehicle Retail Electric Vehicles Automotive 52

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.

Retail 52

Retail Car Dealership Education Electric Vehicles 52

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

Vehicle 52

Vehicle Car Finance Software 52

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!”

Insurance 59

Insurance Retail Electric Vehicles Electricity 59

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%

Finance 86

Finance Banking Vehicle Retail 86

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.

Insurance 73

Insurance Vehicle Alternative Fuels Fluid Check 73

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.

Electric Vehicles 52

Electric Vehicles Software Electricity Car Dealership 52

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%

Vehicle 52

Vehicle Retail Automotive Electric Vehicles 52

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?

Vehicle 116

Vehicle Electricity Education Car 116

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.

Retail 52

Retail Vehicle Automotive Electric Vehicles 52

Auto Remarketing

OCTOBER 6, 2023

I was listening to a panel discussion with some very esteemed automotive economists recently, and in discussing the prospects of electric vehicle sales growth in the United States, a shocking, though true, fact was agreed to by all. With the average price of a new car over $48,000 now, it’s hard to argue that fact.

IT 52

IT Retail Transportation Automotive 52

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

Trucking 52

Trucking Retail Electric Vehicles Car 52

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.

Electric Vehicles 40

Electric Vehicles Electricity Trucking Vehicle 40

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.

Auto Market 40

Auto Market Electric Vehicles Automotive Electricity 40