Auto Remarketing

MARCH 18, 2024

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.

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Retail Car Consulting Automotive 98

Auto Remarketing

JANUARY 24, 2024

Ivan Drury says the retail used electric vehicle market has long been a topic of interest, and one reason for that has been the limited supply of “legitimate contenders,” he said. For so long, it was Tesla or compliance car, and that was it,” said Drury, who is director of insights for online car shopping guide Edmunds.

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Retail Electric Vehicles Electricity Vehicle 52

Auto Service World

OCTOBER 17, 2024

Traditionally, many gas stations are affiliated with retail store chains, which enables owners to both sell fuel and attract customers to diversify their revenue stream. The joint gas station and convenience store business model could also be adopted to EV charging stations,” Zheng said.

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Electric Vehicles Retail Electricity Vehicle 278

Tomorrow's Technician

NOVEMBER 1, 2024

Key markets in the electric vehicle (EV) transition are falling behind in their goals for public charging infrastructure, according to McKinsey. However, the industry must address key blockers to effective service for fuel retailers to build a reliable and profitable EV charging business. The data reveals that the U.S.,

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Retail Electric Vehicles Electricity Vehicle 130

Automotive Training Centre

OCTOBER 15, 2024

If you’re passionate about vehicles and considering a career in the auto industry, becoming a parts specialist is an exciting and rewarding path. As the automotive industry evolves, so do the manufacturing trends that shape how vehicles are designed, built, and maintained.

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Manufacturing Electric Vehicles Car Dealership Collision Repair 256

Auto Service World

SEPTEMBER 27, 2024

The automotive aftermarket will have access to even more electric vehicle experiences, along with the usual industry trend insights at AAPEX this year during Industry Week. He’ll go through how the automotive aftermarket continues to evolve with the changing new vehicle market, the path to electrification and the aging vehicle fleet.

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Electric Vehicles Retail Automotive Electricity 257

AutoSuccess

OCTOBER 18, 2024

As we inch closer to the end of 2024, auto dealers are seeing several shifts and developments that will shape their vehicle inventory levels and marketing strategies through the remainder of the year. Inventory Levels Stabilizing According to recent data, total vehicle inventory stood at 2.79

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Retail Automotive Used Cars Vehicle 52

Auto Service World

OCTOBER 12, 2024

Photo source The Electric Vehicle (EV) market in Germany has experienced a significant downturn in recent months. Subsidy cuts The German government’s decision to reduce or eliminate subsidies for electric vehicles has made them less affordable for many consumers there.

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Electric Vehicles Electricity Vehicle Entertainment 130

Brake & Front End

MAY 16, 2024

Genesis Motor America announced the opening of 26 new standalone facilities across the United States, counting 35 dedicated retail facilities nationwide. In collaboration with Electrify America, Genesis offers three years of 30-minute complimentary charging sessions from the date of vehicle purchase.

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Retail Utilities Electric Vehicles Vehicle 130

Tomorrow's Technician

MAY 15, 2024

Genesis Motor America announced the opening of 26 new standalone facilities across the United States, counting 35 dedicated retail facilities nationwide. In collaboration with Electrify America, Genesis offers three years of 30-minute complimentary charging sessions from the date of vehicle purchase.

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Retail Utilities Electric Vehicles Vehicle 130

Auto Remarketing

SEPTEMBER 27, 2024

As we inch closer to the end of 2024, auto dealers are seeing several shifts and developments that will shape their vehicle inventory levels and marketing strategies through the remainder of the year. Inventory levels stabilizing According to recent data, total vehicle inventory stood at 2.79

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Retail Automotive Used Cars Vehicle 52

Tomorrow's Technician

FEBRUARY 2, 2024

announced a vehicle order with Grupo Cavel (“Cavel”) to purchase Mullen CAMPUS EV cargo vans for sale in the Dominican Republic and Caribbean markets via Cavel’s Electric Motors dealerships. Mullen CAMPUS EV cargo vans are currently distributed through Mullen’s retail dealership partner, Randy Marion Automotive Group.

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Retail Automotive Transportation Electricity 130

Automotive Fleet

JULY 18, 2024

As digital retailing and electric vehicles evolve, demand increases for reconditioning centers with qualified technicians.

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Retail Electric Vehicles IT Electricity 52

Tomorrow's Technician

JANUARY 9, 2024

LeapCharger Corporation, an electric vehicle (EV) charging company, has announced its entry into the retail market by introducing its home EV charging solutions in supermarkets across Dubai. Recent studies, including one by JD Power, indicate that 80% of EV owners prefer to charge their vehicles at home.

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Retail Media Electric Vehicles Electricity 130

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

Tomorrow's Technician

OCTOBER 6, 2023

The MaxiCharger 180kw–240kw DC Fast EV charger is National Electric Vehicle Infrastructure (NEVI) funding program-ready and meets Federal Highway Administration Build America, Buy America requirements, according to Autel Energy. the parent company of Autel Energy North America.

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Electric Vehicles Retail Electricity Vehicle 130

Auto Remarketing

JULY 9, 2024

The respective Black Book and Cox Automotive used-vehicle value indices both reached their lowest levels since March 2021, but the erosion in wholesale prices could be on its way out, according to analysis accompanying one of the reports. Cox’s Manheim Used Vehicle Value Index came in at 196.1 last month, down 8.9% last month, down 8.9%

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Vehicle Retail Automotive Electric Vehicles 52

Tomorrow's Technician

MARCH 12, 2024

For high-demand applications such as Heavy-Duty Electric Vehicles (HDEV), Elywhere said its chargers can be configured to support power in the 1 MW range, providing solutions for electric fleets. Beyond charging, Elywhere said its integration of battery energy storage systems addresses the challenges of grid support.

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Electric Vehicles Management Retail Electricity 130

AutoSuccess

AUGUST 28, 2024

In the latest edition of AutoSuccess Magazine’s Executive Spotlight series, Ryan Maguire, the executive vice president, retail network solutions, for Helm, joins us in the studio. The interview discusses how dealerships can prepare for the increasing presence of electric vehicles (EVs) in their service departments.

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Electric Vehicles Retail Electricity Vehicle 90

Jalopnik

DECEMBER 7, 2023

Tesla dramatically dropping the retail prices of its electric vehicles has perhaps been a boon for some of its customers, but the fleet buyers have found the move a bit unnerving.

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Electric Vehicles Retail Electricity Vehicle 72

autoevolution

DECEMBER 6, 2023

Sergio Marchionne famously said that Fiat Chrysler Automobiles lost a staggering $14,000 every time someone bought one, which is a staggering amount of money for a pint-sized electric vehicle that used to retail at $32,500. continue reading. )

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Automobile Retail Electric Vehicles Electricity 82

AutoSuccess

NOVEMBER 21, 2023

The residual effects of the pandemic are finally in the rearview mirror, spurring improved customer satisfaction with the vehicle purchase process. This year, overall customer satisfaction with the vehicle purchase experience increases to 793 (on a 1,000-point scale) from 786 a year ago. According to the J.D. Power 2023 U.S.

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Vehicle Retail Electric Vehicles Trucking 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

AutoShopOwner

OCTOBER 30, 2023

for assembly of a new electric vehicle. Experian predicts retail leasing returns will rise to 1.1 But there is still one gaping hole in their product plans: battery-electric vehicles. Million Vehicles Toyota Motor Corp.’s billion in Louisville, Ky., s global sales climbed 8.3%

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Electric Vehicles Manufacturing Electricity Automotive 130

Auto Remarketing

JULY 23, 2024

“Millennials” and “electric vehicles.” So, perhaps as one vehicle type moves from cult classic to “mainstream option” and a generation is now decades into full-on adulthood, it’s fitting their stars would align. 1 ICE vehicle traded in during Carvana EV sales. See previous sentence). The Civic was the No.

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Retail Electric Vehicles Electricity Vehicle 52

AutoSuccess

MAY 13, 2024

While the public charging infrastructure for electric vehicles (EV) 1 faces a myriad of growing pains, home charging offers a much more satisfying experience for owners, according to the J.D. Electric Vehicle Experience (EVX) Home Charging Study, released March 26, 2024. Power 2024 U.S.

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Electric Vehicles Electricity Utilities Vehicle 52

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 million used vehicles, compared to 4.29 Sales for used vehicles picked up in February, continuing to increase for eight weeks in a row before peaking towards the latter half of March.

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Used Cars Car Retail Electric Vehicles 105

AutoSuccess

DECEMBER 18, 2023

billion and an estimated 72 million hours each year shopping for vehicles. The CARS Rule prohibits dealers from using bait-and-switch claims to lure vehicle buyers to the lot, including about the cost of a car or the terms of financing, the availability of any discounts or rebates, and the actual availability of the vehicles being advertised.

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Vehicle Car Finance Software 52

Auto Remarketing

AUGUST 30, 2024

For auto retailers, maintaining an ideal balance between supply and demand is critical. The latest Q2 inventory risk report sheds light on how auto retailers are currently navigating these challenges and provides insights into the broader economic and industry trends impacting inventory strategies.

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Retail Management Vehicle Electric Vehicles 52

AutoSuccess

JANUARY 30, 2024

The session, titled “EVs: The Future of the Service Bay,” will focus on EV safety training that all auto retailer employees will need for business growth. 1-4 at the Las Vegas Convention Center in Las Vegas.

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ASE Education Electric Vehicles Automobile 52

AutoSuccess

APRIL 1, 2024

For high-demand applications such as Heavy-Duty Electric Vehicles (HDEV), Elywhere said its chargers can be configured to support power in the 1 MW range, providing solutions for electric fleets. Beyond charging, Elywhere said its integration of battery energy storage systems addresses the challenges of grid support.

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Electric Vehicles Management Electricity Retail 52

Auto Remarketing

SEPTEMBER 19, 2023

While it seems as if the electric vehicle is not a new phenomenon, the EV market is in its infancy compared to the internal combustion engine vehicle market. The latter has a history of well over a century, while the former has been just a sliver of the American vehicle market until just recently. In the U.S.,

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Electric Vehicles Electricity Vehicle Utilities 105

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. That is, if these vehicles meet your needs – they’re not for everyone,” Olsen writes. But first, here’s how the market looks at the end of April.

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Used Cars Car Retail Electric Vehicles 105

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

NOVEMBER 13, 2024

Furthermore, Black Book noticed its estimated used retail days to turn dropped for the fourth week in a row and is now at roughly 48 days. Looking at some individual vehicle segments, Black Book mentioned one from the car side and another from the truck world making notable movements.

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Trucking Retail Electric Vehicles Car 52

AutoSuccess

SEPTEMBER 11, 2024

For auto retailers, maintaining an ideal balance between supply and demand is critical. The latest Q2 inventory risk report sheds light on how auto retailers are currently navigating these challenges and provides insights into the broader economic and industry trends impacting inventory strategies.

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Retail Management Vehicle Electric Vehicles 52

Auto Remarketing

NOVEMBER 16, 2023

The awards recognize vehicle models projected to hold the highest percentage of their manufacturer’s suggested retail price following a three-year period of ownership. ALG evaluated 293 models, analyzing used-vehicle performance, brand outlook and product competitiveness. In a news release, J.D.

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