Auto Service World

JANUARY 23, 2025

Despite ongoing economic challenges, Canadians are demonstrating resilience in their vehicle purchasing habits, according to new research from AutoTrader. While the economic landscape remains challenging, with high interest rates, gas and vehicle prices influencing decisions, Canadians are adapting.

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Auto Service World

OCTOBER 19, 2024

Buying a used car has traditionally been associated with stress, long waits, and confusing paperwork, but Cars4Us is changing all that. As Australia’s leading used car platform, Cars4Us has revolutionised the process by making it easier, faster, and more transparent for buyers.

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Auto Service World

OCTOBER 12, 2024

Steering through the world of second-hand vehicles can be tricky, especially when finding a dealer you can trust. This, however, can make your car buying journey more challenging. Transparency: Trustworthy dealers are typically forthcoming with information about their vehicles. So, how do you separate the wheat from the chaff?

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Automotive Training Centre

OCTOBER 8, 2024

If you’ve ever marveled at how cars on used car lots seem to gleam effortlessly in the sunlight, it’s likely thanks to a professional car wax. Waxing is one of the most important aspects of auto detailing training , as it enhances a vehicle’s appearance and provides crucial paint protection.

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Car Automotive Vehicle Automotive Services 279

Auto Service World

NOVEMBER 16, 2024

In today’s world, finding a car that is both eco-friendly and budget-friendly can be a challenge, especially for families. However, there are several used cars on the market that offer great fuel efficiency, low emissions, and a comfortable ride for the whole family. Why Choose an Eco-Friendly Car?

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Auto Remarketing

MAY 15, 2024

Edmunds director of insights Ivan Drury highlighted multiple tailwinds that could help the retailing of used cars. What could be most beneficial for dealerships of all stripes is getting a boost of older, more affordable vehicles. Vehicles older than 9 years were more likely to be traded in for a used vehicle,” he continued.

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Used Cars Car Retail 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.

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Used Cars Car Retail Electric Vehicles 105

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. But for $30,000 to $49,000 vehicles — which is the price range typical for 1- to 3-year-old used vehicles — inventory fell 15%, according to Cars Commerce.

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Used Cars Retail Car Vehicle 105

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 The year began with used-car sales by dealers falling 6.4% In February, used sales were up 4.1%

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Auto Remarketing

NOVEMBER 1, 2024

You would think that used-vehicle prices would be rising right now. TO READ THE FULL STORY BECOME A MEMBER Login The post Used-car retail prices, surprisingly, aren’t climbing appeared first on Auto Remarketing.

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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%

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Used Cars Retail Car Vehicle 111

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

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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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. And the good news for dealers is supply has increased for some of the vehicle price band that would fit into that particular age group.

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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 vehicles last month, which beat April 2023 by 4.8%

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Used Cars Car Retail Vehicle 105

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

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

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Auto Remarketing

JULY 16, 2024

It’s possible the outage at CDK Global didn’t just limit the actual sales of used vehicles in June. The crisis may have affected the reporting of the pre-owned vehicle sales that did happen. And even with disruption, dealers increased. And even with disruption, dealers increased.

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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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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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Auto Remarketing

AUGUST 16, 2024

The wholesale used-car market is still recovering from the plunge in new-vehicle sales during the pandemic, say industry experts. Auction volumes are rising steadily though.

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Auto Remarketing

MARCH 4, 2025

Is now the right time for used-car shoppers to strike? There was some year-over-year easing in retail used-car prices last month, according to the latest CARFAX Used Car Index report , which showed declines in six of the seven segments included in its analysis. month-over-month, prices for cars fell 0.9%.

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Used Cars Retail Car Entertainment 66

Auto Remarketing

FEBRUARY 12, 2025

Incentives on new vehicles: remember those? of Equipped Retail Typical new-car prices in 2022, according to Black Book, new-vehicle incentives have climbed the past two years. Theyre back in a big way. After hitting a trough of 2.9% That was especially evident towards the end of 2024.

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Auto Remarketing

SEPTEMBER 20, 2023

Folks still need personal vehicles. And for many, the used-car market is the only or best option. That’s one way to explain why year-to-date used retail sales through August have climbed 4.5% — growth that has occurred despite the headwinds of high prices and steep interest rates, says Cox Automotive.

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Auto Remarketing

MAY 23, 2024

Wholesale vehicle prices fell nearly 12% year-over-year in April and have continued modest month-over-month declines in May, according to the latest Kontos Kommentary report from ADESA chief economist Tom Kontos. Power said in data released Thursday that used-car prices have averaged $28,470 this month. Prices were down 0.3%

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autoevolution

NOVEMBER 16, 2023

All European countries that I am aware of try to make sure used cars are in good condition to keep on the road. The Tesla Model 3 has just started going through these inspections in Germany, and it has already earned an unpleasant title: the vehicle with the most inspection failures among 111 other models.

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Auto Remarketing

JULY 5, 2023

Editor's Note: This is a small excerpt from Cherokee Media Group's upcoming “State of the Used Car Industry” report. The prime reason vehicles are pricier to purchase in the wholesale market and will likely remain that way for years to come? The estimated available wholesale supply of vehicles up to 8 years old fell to.

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Used Cars Car Media Vehicle 93

Auto Service World

FEBRUARY 25, 2025

While still high, prices for used vehicles trended downward over the last year. AutoTrader reported that January 2025 prices for used vehicles hit $36,899, down 5.7 Thats in comparison to new vehicle prices coming in at $65,317 that month, a drop of 2.9 Dealers are split on their primary sources of vehicles.

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Auto Service World

OCTOBER 20, 2024

The cooling temperatures also mean it’s time to start getting your vehicle ready for winter. To keep running at its very best all year round, your vehicle needs a little extra attention before winter. So, what are the key steps for winterizing motor vehicles that you need to take? Has it been several months or possibly years?

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Auto Service World

NOVEMBER 30, 2024

When purchasing a used car, a thorough vehicle history report is essential to uncover potential issues that might not be visible during a standard inspection. These reports provide valuable insight into a vehicles past and can help you avoid costly mistakes.

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Auto Remarketing

JULY 10, 2023

June represented the steepest month-over-month drop in wholesale vehicle prices since the early days of the COVID-19 pandemic, according to the Manheim Used Vehicle Value Index report released Monday. Cox Automotive, which publishes the index, said wholesale values last month were down 4.2% from May and fell 10.3% for the month.

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Auto Service World

FEBRUARY 15, 2025

You might be surprised to discover that your junk car holds more value than you expect. Recent information shows junk car prices throughout the United States vary from $50 to $3,000 while most buyers offer between $100 and $500 based on different circumstances. Recent developments continue to reshape the used car market landscape.

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Motor Verso

JUNE 5, 2024

In the confusing world of buying and selling used cars, one of the most powerful commodities that you can own… Read more » The post PitStop: Transforming Transparency Into Vehicle Value appeared first on Motor Verso.

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autoevolution

AUGUST 4, 2024

It's no secret that virtually anyone must buy a vehicle in the US. Besides that, the car is an integral part of the American way of life. Even in big cities, public transportation can be unreliable or unsafe. If, as an adult, you don't have a driver's license, chances are even the Police might find you suspicious.

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C and C Automotive

OCTOBER 10, 2023

Buying a used car can be an exciting endeavor, but it also involves careful consideration and due diligence. These inspections offer a comprehensive evaluation of a used vehicle’s condition, providing valuable insights into its mechanical health and overall reliability.

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Auto Service World

JANUARY 26, 2024

Car auctions can seem appealing yet perplexing to used car dealers exploring inventory options. Common myths cast doubts about finding quality vehicles, avoiding fees, and winning bids amid fierce competition.

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AutoSuccess

DECEMBER 25, 2024

Earlier last week, I had a conversation with one of our dealer partners who had a record-breaking August driven entirely by used vehicle sales. With tight supply and a flat-feeling used market, I asked, how did he turn it into the driver of his record month? Heres how you as a leader can help your team crush used car sales: 1.

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