Auto Service World

JANUARY 2, 2024

When purchasing a used car, it is important to take into account both the mileage and age of the vehicle. These two factors are vital in evaluating the condition of the car. In this article, we will explore the importance … The post Buying a Used Car: Mileage vs. Age, What’s More Important?

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Used Cars Car Vehicle Auto Repair 197

Auto Remarketing

SEPTEMBER 6, 2024

And as the law of supply and demand decrees, used car prices are beginning to rise, according to CarGurus’ August 2024 Intelligence Report , released this week. The report showed used-car inventory levels down in August for the third consecutive month, dropping 2% below last year and 7.4% below August 2022 levels.

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Used Cars Car Retail Vehicle 98

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. from last year, while cars in the $10,000-$19,000 range, averaging 7.3 years old, rose 16.8%.

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Used Cars Car Vehicle Automotive Marketing 97

Auto Remarketing

AUGUST 23, 2024

The slowdown in supply of later-model used vehicles is already having an impact in the retail car market, according to industry analyses released this month. Cars Commerce said in its latest Industry Insights Report that used-car inventory was up 1% year-over-year in July, due mostly to inventory of sub-$30,000 vehicles climbing 9%.

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Used Cars Retail Car Vehicle 105

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. year-over-year.

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Used Cars Car Retail Electric Vehicles 105

Auto Remarketing

MAY 15, 2024

Edmunds director of insights Ivan Drury highlighted multiple tailwinds that could help the retailing of used cars. The return of holdout buyers should help bolster the supply of more affordable, older used vehicles. “The The return of holdout buyers should help bolster the supply of more affordable, older used vehicles.

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Used Cars Car Retail Vehicle 105

Auto Remarketing

NOVEMBER 5, 2024

In Cars Commerce’s most recent Industry Insights Report , industry and marketplace analytics principal David Greene noted the contrast between the steady used-car market with the relative volatility of the current new-car environment. So, why isn’t the used-car sector experiencing the same “adjustment” as new cars?

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Used Cars Car Vehicle Electric Vehicles 52

Auto Remarketing

MARCH 11, 2024

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.

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Used Cars Car Retail Automobile 116

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 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.

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Used Cars Car Retail Electric Vehicles 105

Auto Remarketing

JUNE 14, 2024

Almost half of used-car shoppers say the oldest vehicle they would consider is in the 3- to 5-year-old range, according to the May Industry Insights Report from Cars Commerce. Here’s how that shakes out in the Cars Commerce data set. years) was up 7.2%, according to Cars Commerce. years – took a 13.2%

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Used Cars Car Vehicle IT 102

Auto Remarketing

MAY 21, 2024

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. million used vehicles last month, which beat April 2023 by 4.8% million used-car sales by dealers, compared to 5.63

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Used Cars Car Retail Vehicle 105

Auto Remarketing

NOVEMBER 14, 2023

When it comes to used-car retail prices, the third quarter pointed to a “return to normalcy,” a trend that was particularly evident by this metric: late-model used cars have prices that are “notably below” those of new vehicles. drop in used vehicle prices compared to the typical 0.7% year-over-year drop.

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Used Cars Retail Car Vehicle 111

Auto Remarketing

MAY 28, 2024

When that shopper is waffling over whether the timing is right to buy a used car, here’s a selling point a dealer can pass along to that indecisive consumer, courtesy of CARFAX. As it stands, retail prices for used vehicles have slowed significantly year-over-year: used SUVs are down 9.5%

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Used Cars Car Retail Finance 109

autoevolution

AUGUST 27, 2024

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.

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Used Cars Car Automotive IT 135

Auto Service World

OCTOBER 19, 2024

Photo by Tima Miroshnichenko When selling a used car, first impressions matter. That’s where car detailing comes in. Detailing is more than just a regular wash; it involves a thorough deep clean of both the interior and exterior , restoring your car’s look and feel to make it as appealing as possible.

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Car IT Used Cars Engineering 130

AutoSuccess

JULY 9, 2024

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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Used Cars Car Finance Car Dealership 59

AutoSuccess

OCTOBER 21, 2024

Used vehicle acquisition is competitive, expensive and nuanced, even for the best car dealers. While some dealerships are happy sending their used car manager to the auction, others who aren’t satisfied with that approach need to get a little scrappy and think outside the box. More on this later.

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Used Cars Car Car Dealership Management 52

Auto Remarketing

FEBRUARY 16, 2024

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%

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Used Cars Retail Car Vehicle 105

autoevolution

MAY 10, 2024

To determine the least reliable used cars you can buy in 2024, the team from the ultra-famous "carwow" YouTube channel teamed up with a leading UK aftermarket warranty provider. The data comes from thousands of detailed car breakdowns, so we'll discuss average fixing costs but also the most expensive repairs.

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Used Cars Car IT 107

Autoblog: Repairs

SEPTEMBER 8, 2024

A while back, one automaker ran commercials saying something like, “The best new cars make the best used cars.” 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.

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Used Cars Car Engineering Vehicle 52

Autoblog: Repairs

AUGUST 14, 2024

Vehicle prices continued a downward trend in July — the most of any major category in the Consumer Price Index (CPI) over the last year as the car market continues its return to "normal" following pandemic-fueled inflation. Used car prices fell 2.3% New car prices fell 0.2% Prices for used cars and trucks are still 16.9%

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Used Cars Car Finance Vehicle 52

Auto Remarketing

NOVEMBER 27, 2023

China’s leading used-car online marketplace was in Scottsdale, Ariz., this year with a booth at Used Car Week, held in mid-November. But another purpose is to tell the America used-car industry to look at China’s used-car market. “But TaoCheChe’s reason for being there was two-fold.

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Used Cars Car IT 52

Auto Remarketing

JULY 26, 2024

But the ups-and-downs of used-vehicle prices in the last five years might rival the volatility of any other industry. It hasn’t had quite the swings of, say, electoral politics in the past decade (or past month).

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Used Cars Car Vehicle IT 52

Jalopnik

AUGUST 28, 2024

It’s a well-known fact that cars are money pits , especially brand new cars that lose a large portion of their value the instant they’re driven off the dealer lot. Buying a used car will save you money , since the first owner took the brunt of depreciation, but depending on the condition of the used car you buy it can… Read more.

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Used Cars Car IT Automotive 62

AutoSuccess

SEPTEMBER 28, 2024

o Ease of Use: Simple to set up and low cost to maintain. Pros: o Complete Control: You pick the cars and the price. Bryan Bough, used car manager at one of the largest auto groups in Boise, Idaho, recently said to us: “If you’re not buying cars from the public, you’re making a huge mistake.

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Used Cars Car Management Retail 52

Auto Remarketing

SEPTEMBER 30, 2024

TO READ THE FULL STORY BECOME A MEMBER Login The post Used-car retailer CEOs: Widespread EV adoption will take time, effort appeared first on Auto Remarketing. Doug Campbell, then the senior vice president and head of fleet services for the Americas at Avis Budget Group, got a call at 4:30 a.m. one autumn day in 2021.

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Retail Used Cars Car IT 52

RB Auto Service

JULY 10, 2024

The process of buying a used car can be both exciting and nerve-wracking. A pre-purchase inspection involves a comprehensive evaluation of a used car’s mechanical, electrical, and safety aspects by expert technicians. Ensuring Safety: Safety is paramount when choosing a used car.

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Used Cars Auto Repair Shop Car Auto Repair 52

Jalopnik

AUGUST 30, 2024

When shopping for used cars , buyers tend to care the most about price, fuel economy and reliability, because, well, duh. You need to be able to afford your car, you don’t want to spend a fortune filling it up and you just want it to work.

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Used Cars Car IT Finance 55

Auto Remarketing

JULY 10, 2024

The used-car retail sales environment last month didn’t improve from May, but showed year-over-year growth in June, according to reports from industry observers. million used vehicles in June, which was steady with May, but up from 1.14 million used units in July. ZeroSum said used-vehicle supply was at 1.91

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Used Cars Car Retail Vehicle 52

AutoSuccess

FEBRUARY 15, 2024

Dealerships in 2024 will continue to face used car sourcing challenges. I recently read an article that netted the issue: “Dealers navigating a used-vehicle market that already allows little room for error are eyeing another obstacle: worsening used-car availability.”

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Used Cars Car Vehicle Management 52

autoevolution

SEPTEMBER 27, 2024

It is a second-generation car put together at the end of the final model year and was fully restored a few years ago. Do you still have a thing for American utes? How about an old Ford Ranchero that has been visited by the restoring fairy and is now looking for a new home at a decent price for what it offers? continue reading. )

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Used Cars Car IT 98

Jalopnik

JULY 22, 2024

A Chevy dealership in upstate New York has a horrible used car for sale; a 2011 Ford Focus , and boy, is it in bad shape. It is likely one of, if not the worst, used car I’ve ever seen for sale through a dealership. Read more.

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Used Cars Car IT 57

AutoSuccess

OCTOBER 11, 2024

Yet, many dealerships continue to use spreadsheets or fragmented systems that fail to communicate across departments, leading to inefficiencies, miscommunication and missed opportunities. This lack of visibility delays the car’s journey to the sales lot, increasing holding costs and reducing potential profit.

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Used Cars Car Management Mechanic 52

autoevolution

APRIL 27, 2024

The muscle car game is currently at its lowest, as Ford remains the sole player with the S650 generation Mustang. As a result, muscle car shoppers looking for a brand-ne. continue reading. )

Used Cars 98

Used Cars Car IT 98

Auto Remarketing

OCTOBER 27, 2023

The retail used-car market appears to be hitting a “leveling off period” when it comes to prices. That’s according to the latest CARFAX Used Car Price Index , which said used-car asking prices on its platform are approaching a “floor.” So far, new-car sales don’t seem highly affected by the strike.”

Retail 59

Retail Used Cars Car Trucking 59

autoevolution

FEBRUARY 21, 2024

An exclusive Ferrari that the customers battled for when La Scuderia unveiled it around four years ago, ended up on the used car market less than two years after the model rolled off the production line in Maranello. This is probably a once-in-a-lifetime opportunity. The SF90 Stradale was unvei. continue reading. )

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Used Cars Car IT 89

Auto Remarketing

MARCH 8, 2024

TO READ THE FULL STORY BECOME A MEMBER Login The post Spring already flourishing for both wholesale, retail used-car markets appeared first on Auto Remarketing. TO READ THE FULL STORY BECOME A MEMBER Login The post Spring already flourishing for both wholesale, retail used-car markets appeared first on Auto Remarketing.

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Retail Used Cars Car IT 59