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Prices plateau in more stable used-car environment

Auto Remarketing

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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Trucks, SUVs head list of best-selling used vehicles, but Tesla EVs moving up

Auto Remarketing

Its not a surprise to find full-sized pickup trucks at the top of a list of Americas 100 best-selling used vehicles. It was, however, a bit unexpected to find an electric vehicle in the top 30, and two EVs among the top 75. As has become expected, Fords F-150 pickup was the top-selling used vehicle in the U.S.

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CARFAX adds month-over-month data to used-car price index; how that plays out in November

Auto Remarketing

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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Used EV prices drop further than overall market, but are slow to sell

Auto Remarketing

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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Report finds U.S. market hits ‘peak truck’ as consumers seek more affordability

Auto Remarketing

Pickup trucks and SUVs have long been the dominant vehicles in the U.S. The automotive M&A advisory firms semiannual Market Outlook Report , released this week in conjunction with the NADA Show, said its data shows American consumers have reached peak truck. The post Report finds U.S.

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Dealers Are Refusing Toyota Tundra Trade-Ins Over Engine Recall

Jalopnik

Now it seems car dealers are staying away from the once bullet-proof trucks. We found out wh y Toyota’s twin-turbo V6s have been grenadeing themselves in 2022-2023 Tundras and Lexus LXs earlier this month, but there’s still no real fix for the issue. Read more.

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F&I 2024 Dealer Outlook: How Online Options Will Help Dealers Better Serve Customers

AutoSuccess

Dealers’ F&I carriers will continue to expand their offerings to make vehicle protection plans and other F&I products that are advantageous to new and used cars and trucks with internal combustion engines, even with the market’s ongoing changes and some consumers’ interest in electric vehicles.

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