Auto Remarketing

SEPTEMBER 27, 2024

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. Dealers should consider how they advertise specific vehicles to consider all the factors that impact the car buying process, such as consumer behavior and market demand.

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Retail Automotive Used Cars Vehicle 52

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

JULY 10, 2023

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. share of total used-car sales, the Q2 used EV sales tally was. While flat from the first quarter and representing just a 0.9%

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Retail Electric Vehicles Used Cars Electricity 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

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

FEBRUARY 15, 2024

It provides appraisers VIN-specific, mechanical, and electrical system appraisal “X-ray” diagnostics and accurate, not estimated, reconditioning costs for the make, model, and year of the vehicle. Increase profits from parts, customer-pay services, and used cars. Eliminate chargebacks to sales.

Automotive 52

Automotive Used Cars Management Hospitality 52

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. First, the research.

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IT Retail Transportation Automotive 52

Auto Remarketing

JUNE 5, 2024

The used-car market seems simple enough: buy vehicles and sell them for more than you paid. However, any seasoned general manager, inventory buyer, or used-car specialist knows that there are several factors between those transactions that can tip the scales toward profitability or debt.

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Transportation Management Used Cars Vehicle 52

AutoSuccess

FEBRUARY 27, 2024

These retail groups indicated that interest rates are a major factor, and F&I managers continue to see affordability at the consumer level as an ongoing issue. Additionally, as a growing number of drivers select electric vehicles, they will rely on their dealerships to guide them with the right protection products geared toward EVs.

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Retail Electric Vehicles Vehicle Electricity 40

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. EV sales have slowed in the U.S.

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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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Automotive Automotive Marketing Auto Market Retail 52

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

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. automobile dealers.

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Automotive Vehicle Automobile Electric Vehicles 52