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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Retail Electric Vehicles Used Cars Electricity 104

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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Retail Electric Vehicles Electricity Vehicle 59

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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Electric Vehicles Electricity Retail Used Cars 52

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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Vehicle Retail Automotive Electric Vehicles 52

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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Used Cars Electric Vehicles Vehicle Retail 98

Auto Remarketing

SEPTEMBER 27, 2024

Inventory levels stabilizing According to recent data, total vehicle inventory stood at 2.79 While part of this influx is due to the arrival of 2025 models, buyers are approaching the market with more caution and are considering used cars as opposed to new. has been slower than expected over the last 12 months.

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Retail Automotive Used Cars Vehicle 52

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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Automobile Electric Vehicles Insurance Automotive 52

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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Retail Electric Vehicles Used Cars Electricity 52

AutoSuccess

OCTOBER 18, 2024

Inventory Levels Stabilizing According to recent data, total vehicle inventory stood at 2.79 While part of this influx is due to the arrival of 2025 models, buyers are approaching the market with more caution and are considering used cars as opposed to new. has been slower than expected over the last 12 months.

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Retail Automotive Used Cars Vehicle 40

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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Management Automotive Marketing Vehicle Electric Vehicles 52

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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Retail Electric Vehicles Electricity Vehicle 52

AutoSuccess

AUGUST 12, 2024

After years of being overshadowed by emerging electric vehicles from Tesla and other brands, the hybrid — a gasoline vehicle that has both an internal combustion engine and an electric motor — is enjoying a resurgence in 2024. Additionally, a rise in used EV sales continues to make headlines.

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Insurance Vehicle Alternative Fuels Fluid Check 73

Auto Remarketing

OCTOBER 6, 2023

I was listening to a panel discussion with some very esteemed automotive economists recently, and in discussing the prospects of electric vehicle sales growth in the United States, a shocking, though true, fact was agreed to by all. automotive retailers. A long time ago, an automotive retailer sold vehicles.

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AutoSuccess

DECEMBER 13, 2024

” The market outlook index, which measures dealers’ expectations for the auto retail market in the coming quarter, jumped to 54 in Q4 from 42 in Q3. ” Despite the positive outlook, the current market index score of 42 indicates that a majority of dealers still view the current retail auto market as weak.

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Automobile Auto Market Retail Automotive 52

AutoSuccess

FEBRUARY 27, 2024

Five of the six major publicly traded franchised auto dealership groups recently reported same-store F&I gross profit per vehicle declines year-over-year in third-quarter earnings.

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Retail Electric Vehicles Vehicle Electricity 40

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. Electric Vehicle Sales Sentiment Remains Weak Sentiment about electric vehicle (EV) sales fell to a new low in Q2.

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Automobile Automotive Vehicle Retail 52

Auto Remarketing

JUNE 12, 2024

Likewise, independents’ 38 score for the used-car sales environment (up from 36 in Q1) was far worse than the franchises’ hopeful index of 54. 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.

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AutoSuccess

MARCH 19, 2024

Electric Vehicle Sales Index Drops to Record Low When asked how EV sales compare to one year ago, a majority of dealers say they are worse, not better. ” 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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Automotive Vehicle Automobile Electric Vehicles 52

Auto Remarketing

MARCH 31, 2025

Like an accent or dialect, the used-car market can vary depending on where you (or yall or yinz) are in the U.S. And CARFAX is accounting for this patchwork of market dialects, so to speak, by adding in regional breakdowns to its monthly index of retail used-car prices. Luxury cars fell 0.2% year-over-year.

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Used Cars Car Electric Vehicles Trucking 52

Auto Remarketing

FEBRUARY 21, 2025

For Cars Commerce vice president of sales and auto brand advertising Brian Miller and likely many others closely involved with auto retail electric vehicles have been a really fascinating space to watch on the used-car side.

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Vehicle Retail Electric Vehicles Used Cars 52