Auto Remarketing

NOVEMBER 25, 2024

The degree to which a vehicle’s price changes month-over-month might be more telling, in some cases, than the year-over-year change. With that in mind, CARFAX has added month-over-month insights to its Used Car Index reports, the first major change in these recaps since their April 2023 debut. car industry overall ?

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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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Auto Remarketing

JANUARY 8, 2025

It was, however, a bit unexpected to find an electric vehicle in the top 30, and two EVs among the top 75. million used car sales from the past five model years to identify the most popular used cars bought in 2024. As has become expected, Fords F-150 pickup was the top-selling used vehicle in the U.S.

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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 Affordability matters more than ever to consumers, and declines in used-vehicle prices help offset higher interest rates,” Robb said. from January. and is up 1.1%

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Auto Service World

MARCH 14, 2025

Similarly, a sudden drop in used car prices from post-COVID highs resulted in many vehicles not being repaired. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate.

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Auto Remarketing

MARCH 14, 2025

Looking for an affordable used car? You might want to go electric. The latest research from iSeeCars shows used EV prices fell 15.1% over the past year, while the cost of gasoline and hybrid vehicles dropped just 0.5%. Thats just $917 above the price of the average gas-powered vehicle, iSeeCars said.

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Auto Service World

AUGUST 29, 2024

Used car prices continue to decline as availability increases and new car prices have stabilized in the Canadian automotive market, according to analysis from AutoTrader.

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Auto Remarketing

SEPTEMBER 20, 2024

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. The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up 2.3% from August 2022.

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Auto Remarketing

JANUARY 21, 2025

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a lively debate about the future of electric vehicles. Listen to the episode in the window below and stay tuned for more from UCW 2024.

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Auto Remarketing

FEBRUARY 12, 2025

While the lack of public charging facilities is one of the most cited reasons by consumers for not considering an electric vehicle, most EV owners say they dont need or use them. of its used-car retail sales in 2024, well above the 1.3% Carvana said EVs accounted for 5.7%

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Jalopnik

OCTOBER 25, 2023

The pre-owned car market is still in a weird place. Some segments like electric vehicles have some hefty savings , but most pre-owned cars are still selling for inflated prices. If you happen to come across a used car that seems too good to be true, make sure the dealer can answer these questions.

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Auto Remarketing

JUNE 11, 2024

How are electric vehicles impacting the used-car market? The post PODCAST: How EVs have impacted the used-car market appeared first on Auto Remarketing. Listen to this episode of the Auto Remarketing Podcast to hear Jenkins’ keynote presentation given during the event’s final day in the window below.

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Auto Remarketing

NOVEMBER 28, 2023

Two of the experts at Experian Automotive — John Howard and Kirsten Von Busch — spent part of their time at Used Car Week discussing electric vehicles for this episode of the Auto Remarketing Podcast. Howard and Von Busch recapped what the industry has learned about EV retailing and more this year.

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AutoSuccess

MARCH 20, 2025

million new-vehicle sales for the year, up 1.2% Battery Electric Vehicles growth is estimated to increase, interest rates are becoming more favorable for consumers and an optimistic economy bodes well. At the same time, without process improvement, the profitability per vehicle (PPV) of the used car will continue to evaporate.

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Auto Remarketing

NOVEMBER 29, 2023

Moreover, the latest CARFAX Used Car Price Index shows that those declines continued “across the board” in November. But the price drops for used electric vehicles (and to a lesser extent, hybrids) have been far more extensive, approaching 34%, the iSeeCars data shows. For hybrids, used prices fell 9.6%

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AutoSuccess

MARCH 14, 2025

The mix of used-vehicle inventory at the time of the survey was good, according to both franchised and independent dealers. Mixed Views on Electric Vehicle Sales and Market Expectations Dealers’ views on electric vehicle (EV) sales improved in Q1 compared to the previous quarter and last year.

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Auto Remarketing

OCTOBER 23, 2024

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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Jalopnik

AUGUST 16, 2024

The used car market has been an up-and-down mess since at least 2020, with reduced new car inventory pushing more buyers into pre-owned purchases , which reduced the revolving supply of trade-ins. This perfect storm of pandemic-induced chip-shortage used car inflation appears to finally be subsiding.

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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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Auto Remarketing

MAY 7, 2024

Compact cars (down 17.6%) had the heftiest decline, followed by midsize cars (down 16.8%) and pickups (down 15.2%), Cox said. The decline for non-electric vehicles was at 13.1%, while EV values dropped 17.5% SUV/CUV prices were off 14.6% year-over-year and luxury prices fell 12.9%. from April 2023.

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Auto Remarketing

APRIL 12, 2024

At the same time, used-car prices plummeted 5.1% March’s data shows the new- and used-car markets are adjusting,” the Cars Commerce analysis said, “with new-car prices continuing to drop and used-car prices hitting their lowest point in years, signaling a move toward more typical pricing.”

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Auto Remarketing

MAY 1, 2024

A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. And that assumption isn’t entirely wrong — it might be fair on some models, particularly electrics. lower than that of gas cars ($3,123). and 39.4%, respectively.

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Auto Remarketing

MAY 8, 2024

Affordability and availability of used electric vehicles is improving, and in some cases, so are sales. Over 4% of Carvana’s sales in the first quarter were battery-electric vehicles, more than doubling their share of sales from Q1 2023, according to a study released Wednesday by the online used-car retailer.

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Auto Remarketing

FEBRUARY 10, 2025

The year started off with expectations there might be a return to normal in the used-car market. Industry observers releasing wholesale vehicle price indices last week noted uncertainty and surprises in the market to begin the year. At Black Book, the Used Vehicle Retention Index came in at 146.3

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AutoSuccess

FEBRUARY 19, 2025

introduces AutoPucks , a new line of rubber puck adapters and jack pads designed to provide a secure connection and greater protection when picking up Corvettes, Tesla EVs and other passenger vehicles using car lifts or floor jacks. BendPak Inc. Fits Corvette C5, C6, C7, C8, Z06 and ZR1 models.

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Auto Remarketing

JULY 10, 2023

Perhaps it’s the lower price point, more vehicle options available, increased consumer comfort level or some combination of factors. But while still just a sliver of the overall used-car market, sales of pre-owned electric vehicles are making marked improvements for dealers and other retailers.

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Auto Remarketing

SEPTEMBER 19, 2024

The electric vehicle-centric podcast, founded and hosted by Elena Ciccotelli, is collaborating with Experian on “EVs for Everyone with Experian,” a new monthly podcast miniseries that aims to provide candid conversations about the current state and future prospects of the EV market in the U.S.

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Auto Remarketing

JUNE 18, 2024

Used electric vehicles are seeing their prices erode, both on a retail and wholesale basis. And not only did average retail prices of used EVs fall nearly 30% last month, but these vehicles have also become increasingly cheaper than used internal-combustion-engine vehicles.

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Auto Remarketing

FEBRUARY 26, 2025

As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report , the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. The used vehicle market also saw growth in hybrid and EV sales.

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Auto Remarketing

JANUARY 24, 2025

DCG said hybrid and electric vehicles are undeniably a growth driver and with dealers becoming more receptive to selling these models, we can expect the combined segment to continue to steadily gain market share for the foreseeable future. The 47% who project used-car profitability was well above the 21% who did so a year earlier.

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Auto Remarketing

SEPTEMBER 12, 2024

Price has always been cited by car buyers as a barrier to buying a new electric vehicle. But when it comes to the used-car market, it’s not a problem at all. According to the latest research by iSeeCars , the average price of a 1- to 5-year-old used EV is now 11.4% higher than internal combustion vehicles.

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Motor Verso

AUGUST 23, 2024

It’s no secret that electric vehicles tend to be a tad more expensive to buy new compared to their equivalent… Read more » The post What Are The Top 10 Best Used EVs Under £12,000 In The UK? appeared first on Motor Verso.

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Auto Remarketing

JANUARY 14, 2025

For instance, if the customer data platform indicates a growing interest in electric vehicles among a particular demographic, the inventory data platform can adjust its recommendations to ensure the dealership is well-stocked with the right mix of EVs to meet this demand. Used car day supply is expected to remain tight and steady.

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Jalopnik

SEPTEMBER 29, 2023

It’s no wonder that a used Honda Civic , Toyota Corolla , and Mazda3 are among the most sought-after models on the used market. These are trusty cars that make for great first vehicles, and they’re pretty cheap. They’re like the starter Pokémon of the auto world: you can’t go wrong with either one.

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Ride Mission

AUGUST 21, 2023

This article explores some of the best used Volkswagen cars known for their fuel efficiency and sustainability. Volkswagen Golf TDI According to Kelley Blue Book , the Volkswagen Golf TDI, equipped with a diesel engine, is one of the most fuel-efficient options in the used car market. Volkswagen ID.3 3 The Volkswagen ID.3

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AutoSuccess

JANUARY 24, 2025

For instance, if the customer data platform indicates a growing interest in electric vehicles among a particular demographic, the inventory data platform can adjust its recommendations to ensure the dealership is well-stocked with the right mix of EVs to meet this demand. Used car day supply is expected to remain tight and steady.

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Auto Remarketing

JULY 23, 2024

“Millennials” and “electric vehicles.” Auto industry buzzwords used for years at conferences to convey youth, emerging trends in car-buying, newcomers or rising stars. And millennials, well, many of us are in our 40s, have mortgages, children and/or pets and have been buying cars for 25-plus years.

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