Auto Remarketing

SEPTEMBER 6, 2024

Owners of electric vehicles are ready to come back for more. And among Tesla drivers and EV drivers age 65 and older, more than 90% of the respondents said their next vehicle would likely be an EV. What seem like scary issues for some people considering an EV become non-issues after going electric.”

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Auto Remarketing

JUNE 17, 2024

With the first installment titled, “Shifting Gears: A Comprehensive Overview of Automotive Trends in 2023,” experts released the 2024 Vehicle Depreciation Report , which presents key developments and data from the U.S. new- and used-vehicle markets, including notable trends in depreciation, sales and fleet performance.

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Vehicle Electric Vehicles Electricity Automotive 52

Auto Remarketing

JANUARY 24, 2025

Pickup trucks and SUVs have long been the dominant vehicles in the U.S. The full report can be downloaded here. market, but that dominance could be diminishing, according to the latest study by the Dave Cantin Group. Last year, the industry found its new normal, post COVID, DCG president and CEO Dave Cantin said.

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Trucking Finance Used Cars Automotive 52

Tire Review Magazine

JULY 30, 2024

Bridgestone Retail Operations (BSRO), a subsidiary of Bridgestone Americas , will plant more than 54,000 trees across the country as a result of the company’s second annual “Download the App, Plant a Tree” campaign. The post Bridgestone Retail Operations donates 54,000 trees appeared first on Tire Review Magazine.

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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. While luxury and exotic vehicles still account for a sizeable 73.4% of EV owners who replaced their vehicle in the past 12 months did so with another EV, while 16.2% transitioned to a gas-powered vehicle and 3.2%

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Retail Automotive Electric Vehicles Vehicle 81

Auto Remarketing

DECEMBER 12, 2023

Cox’s new study, “Under the Hood: Opportunities and Challenges in the Service Industry,” found that while franchised dealerships are still vehicle owners’ top choice among service providers, their lead over service chains such as quick lube locations and service centers is shrinking. times a year, up from 2.3 in 2021 but down from 2.8

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AutoSuccess

JULY 10, 2024

Hybrids and electric vehicles surpassed 16% of the total 2023 U.S. light-vehicle sales. With the uptick of their popularity, shops are seeing more of these vehicles in the service bays. Industry standards accompany both certifications and are intended to be used in conjunction with high-voltage vehicle safety training.

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Tomorrow's Technician

DECEMBER 19, 2023

Last year’s report was downloaded 1,600 times with more than 500 citations in print and broadcast news coverage, academic papers and congressional hearings. The report also provides projections for the impact of electric vehicles on workforce needs, and recently added an analysis of aviation data over previous years.

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Tire Review Magazine

JULY 14, 2024

Although hybrids have been around for more than 20 years, many shops are not familiar with the risks of high-voltage vehicles or are not comfortable working on or around them. Industry standards accompany both certifications and are intended to be used in conjunction with high-voltage vehicle safety training.

ASE 52

ASE Electric Vehicles Electricity Automotive Service Excellence 52

Tire Review Magazine

JULY 14, 2024

Although hybrids have been around for more than 20 years, many shops are not familiar with the risks of high-voltage vehicles or are not comfortable working on or around them. Industry standards accompany both certifications and are intended to be used in conjunction with high-voltage vehicle safety training.

ASE 52

ASE Electric Vehicles Electricity Automotive Service Excellence 52

AutoSuccess

JUNE 10, 2024

A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. By 2033, 90% of all vehicle shoppers will have electric vehicles on their lists.

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Electric Vehicles Electricity Automotive Vehicle 52

Auto Remarketing

APRIL 8, 2024

Electric-vehicle naysayers likely harp on challenges such as outdated and insufficient infrastructure, alongside environmental regulatory programs, as hurdles to continued expansion of EVs and battery manufacturing in the U.S. to produce EV batteries and vehicles. can be downloaded via this website.

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AutoSuccess

OCTOBER 23, 2023

It is designed for users to find and purchase new and used cars of all brands available at the AWIN dealerships, manage, save and sync their purchases, access and download the manufacturers’ apps, connect with roadside assistance, Electric Vehicle travel assistant and much more. Click here to download. “

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Management Manufacturing Vehicle Electric Vehicles 52

AutoSuccess

JUNE 30, 2023

Despite growing interest, a gap exists between consumer enthusiasm for electric vehicles (EVs) and their actual purchasing decisions, according to new research released today by Cox Automotive. EVs will account for less than 8% of total new-vehicle sales in 2023. automotive dealers regarding sales and service.

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Electric Vehicles Automotive Electricity Vehicle 52

Auto Remarketing

OCTOBER 23, 2024

The report, based on data from Cars Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, showed the average used-vehicle age in September was 5.2 The Cars Commerce report showed supply is down from 2023 for all price ranges from $20,000 up, vehicles that average less than 4 years old.

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Used Cars Car Electric Vehicles Vehicle 52

Auto Remarketing

APRIL 9, 2024

A preview of the report can be downloaded here. Highlights from the report include: The 126 multi-dealership transactions in 2023, matched 2021’s record number. Public dealer groups ended the year at a blue sky multiple below the 7.3x Click here to subscribe for the full report.

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Retail Electric Vehicles Management Electricity 52

AutoSuccess

SEPTEMBER 26, 2023

“Franchised dealer optimism is on the rise, whereas independents are less hopeful due to affordability issues that more acutely affect the used-vehicle market and their businesses.” The used-vehicle sales environment, conversely, continues to be viewed as poor by most automobile dealers in the U.S. margin of error.

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Auto Remarketing

MARCH 13, 2024

Auto dealers still don’t like the look of the current market for vehicles. The vehicle market in the U.S. Sales environment still down Dealers said the current sales environments for both new and used vehicles have improved over last quarter but are still down year over year.

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Electric Vehicles Automotive Vehicle Electricity 52

AutoSuccess

JANUARY 5, 2024

vehicle service industry shows that franchised dealerships continue to lose share to general repair shops. With the global COVID pandemic now mostly in the past, the report from Cox Automotive suggests vehicle owners are driving more and holding onto existing vehicles longer due to high prices and loan rates for new vehicles.

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General Repair Automotive Services Automotive Electric Vehicles 52

AutoSuccess

MARCH 19, 2024

“The vehicle market in the U.S. The market outlook index, which queries dealers about expectations for the vehicle market three months from now, typically enjoys a ‘spring bounce’ as automobile dealers look to the spring selling season. The new-vehicles sales index improved 1 point to 52, down from 57 one year ago.

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Automotive Vehicle Automobile Electric Vehicles 52

AutoSuccess

JANUARY 8, 2025

An increasing minority of dealers, 43%, have a more negative outlook on profits than in 2024, with new electric vehicle (EV) sales having the most adverse influence: 77% expect EVs will negatively impact profitability in 2025. To download the full Kerrigan Dealer Survey report, click here.

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AutoSuccess

DECEMBER 13, 2024

Sales Environment Improves, but Customer Traffic Remains Weak The new-vehicle sales index improved in Q4 from 51 to 54, suggesting a better sales environment. The new-vehicle inventory index remains high at 73, indicating growing inventory, and the score of 73 is just two points below the all-time high reached in Q1 of this year.

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Automobile Auto Market Retail Automotive 52

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. Still, a score above 50 suggests that more dealers view the new-vehicle sales market as strong rather than weak. Visit coxautoinc.com. The post U.S.

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Auto Remarketing

JUNE 12, 2024

The overall dealer score of 42 for the current new- and used-vehicle market is well below the threshold of 50 that marks the dividing line between a strong and weak market. The used-vehicle sales environment score actually showed a slight uptick, but the increase from 40 to 42 is still decidedly on the “poor” end of the spectrum.

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Automotive Automotive Marketing Auto Market Retail 52

Auto Service World

OCTOBER 23, 2024

A new pilot study in the Greater Toronto and Hamilton Area (GTHA) aims to save electric vehicle drivers up to 70 per cent on charging costs while addressing the increased strain on the electric grid. EV drivers in the GTHA are encouraged to join the free program by downloading the app or visiting www.optiwatt.com/gtha.

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Tomorrow's Technician

MARCH 7, 2024

“2023 was a record year for electric vehicles,” said Ryan Mandell, Mitchell’s director of claims performance. This represents a year-over-year decrease of 5% for EVs and an increase of 3% for ICE vehicles. To download the full report, visit the Mitchell website. and Canada. also surpassed 1.2

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Auto Remarketing

JUNE 7, 2024

As electric vehicle prices fall, total loss claims rise. Still, the report said, EV total loss frequency remains in line with the rates for 2021 and newer gas-powered vehicles, which ended the quarter at 9.51% in the U.S. For Canadian vehicles, EVs severity cost was 33% more for EVs: $6,810 versus $5,110. In the U.S.,

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AutoSuccess

FEBRUARY 13, 2025

The monthly new-vehicle average transaction price (ATP) report from Cox Automotives Kelley Blue Book was released. Key takeaways in January include: The new-vehicle ATP in January was lower versus December by 2.2%, falling to $48,641. A year ago, the new-vehicle ATP was $48,031. Data tables are available for download.

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Auto Remarketing

MARCH 28, 2024

Courtesy of the internet, smartphones and other technologies, consumers know more about vehicles and how to acquire them than ever. Consumers are more open to selling their vehicle entirely online CarGurus discovered 82% of consumers are open to selling their vehicle entirely online (up from 77% in 2022).

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