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Supply and demand shows up in rising used-car prices

Auto Remarketing

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-car buyers drive rapid rise in customer satisfaction, Cox study shows

Auto Remarketing

While car prices were high in 2023, car buyers — especially used-car buyers — were increasingly happier with their experience, according to the latest research from Cox Automotive. New-car buyers matched the all-time high 79% set in 2020, while 73% of used-car shoppers reported being highly satisfied, up from 70% in 2022.

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Where & How to Find a Manual for a Used Car

The Mechanic Doctor

The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics When purchasing a new car from its manufacturer, an owner’s manual will come with it to guide your use and care of it. Sometimes, these manuals will also exist with pre-owned cars, though only sometimes. Owner’s manuals might seem optional initially.

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Report finds U.S. market hits ‘peak truck’ as consumers seek more affordability

Auto Remarketing

The report cited its December survey of more than 1,000 consumers to show preference for SUV and trucks has dropped slightly SUVs down from 44% in 2023 to 43%, trucks from 9% to 7% and crossovers from 8% to 6% while car segments rose in popularity. The full report can be downloaded here.

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Spring Optimism Boosts U.S. Automobile Dealer Sentiment

AutoSuccess

The used-vehicle inventory index improved for the second straight quarter. With a score of 47, more dealers perceive used-vehicle inventory as decreasing rather than increasing. ” The survey also asks dealers to rate new-car sales and used-car sales separately, along with various key drivers, including consumer traffic.

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AWIN Group of Dealerships Launches Auto Group App

AutoSuccess

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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Report shows consumers ‘speaking with their wallets’ on affordability concerns

Auto Remarketing

The car-buying public has a message for the used-car industry, and it’s this: We don’t want to pay too much for a vehicle. That message was clearly conveyed in CarGurus’ latest Quarterly Review, which found sales of lower-priced used cars rising and high-end vehicle sales falling. “As

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