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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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Cars Commerce report: All quiet on the used-car front

Auto Remarketing

The latest numbers from Cars Commerce show a new-car market in flux, with prices falling as excess inventory builds up. In the used-car world, on the other hand, all is calm and steady. The age of those used cars is steadily increasing, which means consumers are now getting an older car for the money than they had before.

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Used-car sales rise as new-used price gap widens, ZeroSum report shows

Auto Remarketing

Sales of used cars and certified pre-owned vehicles took a big jump in February, thanks to falling prices that have widened the price gap between new and used vehicles, according to the latest State of the Dealer Report from ZeroSum. million used vehicles last month, up from 1.13 The report showed dealers moved 1.29

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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

How can I locate an Owner’s Manual for my used car? Unfortunately, if you purchased a used car without its manual included, chances are it didn’t come with one either. Manufacturer’s Website One of the most reliable sources is a car manufacturer’s official website.

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Lotlinx: Q3 shows high day supply, largely aging vehicle inventory

Auto Remarketing

Here’s more evidence the used-car market is a complex place nowadays. The entire report that offers insights into the current state of the automotive retail market for both new and used vehicles, inventory risk, vehicle sales, consumer preferences and markdown/pricing strategies can be downloaded here.

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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. “