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Prices plateau in more stable used-car environment

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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.

Used Cars 105
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Used-car sales climb about 11% & move at faster clip

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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.

Used Cars 105
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Cars Commerce’s new look at used-car market tells an old story

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The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up 2.3% over August 2023, with the vast majority of that increase coming from vehicles more than 7 years old. That trend has also driven down retail prices, which have dropped 4.9%

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Used EV prices ‘crash’ in both retail, wholesale markets

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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.

Retail 59
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Automotive Retail Trends to Watch for the Rest of 2024

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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.

Retail 52
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COMMENTARY: The new dynamics of car retailing, navigating the post-pandemic shift

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As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector. Dealerships that embrace this change are poised to thrive in the new era of automotive retailing.

Retail 98
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COMMENTARY: 9 automotive retail trends to watch for the rest of 2024

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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.

Retail 52