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

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

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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Auto Remarketing

FEBRUARY 10, 2025

The year started off with expectations there might be a return to normal in the used-car market. At Black Book, the Used Vehicle Retention Index came in at 146.3 Unresolved issues include tariffs, interest rates and incentives for electric vehicles. The Manheim Used Vehicle Value Index, meanwhile, came in at 205.6,

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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

AutoSuccess

OCTOBER 18, 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.

Retail 40

Retail Automotive Used Cars Utilities 40

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

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. Dealer Sentiment on U.S.

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Automobile Electric Vehicles Insurance Automotive 52

Auto Remarketing

FEBRUARY 26, 2025

Rising inventory levels, evolving consumer preferences, and the steady expansion of hybrid and electric vehicle (EV) sales continue to shape this years competitive market in 2025. Despite these shifts, internal combustion engine (ICE) vehicles still dominated the used market, accounting for over 90% of 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. EV sales have slowed in the U.S.

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Insurance Vehicle Alternative Fuels Fluid Check 73

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 Hospitality Management 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

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

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.

Retail 40

Retail Electric Vehicles Vehicle Electricity 40

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

Auto Remarketing

JANUARY 14, 2025

As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. Used car day supply is expected to remain tight and steady. For more information, visit www.lotlinx.com.

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Retail Management Vehicle Media 59

AutoSuccess

JANUARY 24, 2025

As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. Used car day supply is expected to remain tight and steady.

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Retail Management Vehicle Media 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