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. Tom Kontos, the chief economist at ADESA, has noticed a similar flattening in wholesale used-car prices. year-over-year.

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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 The year began with used-car sales by dealers falling 6.4% In February, used sales were up 4.1%

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Auto Remarketing

MARCH 14, 2025

Looking for an affordable used car? You might want to go electric. The latest research from iSeeCars shows used EV prices fell 15.1% over the past year, while the cost of gasoline and hybrid vehicles dropped just 0.5%. Thats just $917 above the price of the average gas-powered vehicle, iSeeCars said.

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Auto Remarketing

SEPTEMBER 20, 2024

Cars Commerce’s latest look at the used-vehicle market is an old story. As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. from last year, while cars in the $10,000-$19,000 range, averaging 7.3

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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. Industry observers releasing wholesale vehicle price indices last week noted uncertainty and surprises in the market to begin the year. At Black Book, the Used Vehicle Retention Index came in at 146.3

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Auto Remarketing

MAY 1, 2024

A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. And that assumption isn’t entirely wrong — it might be fair on some models, particularly electrics. lower than that of gas cars ($3,123). In a study, iSeeCars.com examined data from more than 1.3

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Jalopnik

OCTOBER 25, 2023

The pre-owned car market is still in a weird place. Some segments like electric vehicles have some hefty savings , but most pre-owned cars are still selling for inflated prices. If you happen to come across a used car that seems too good to be true, make sure the dealer can answer these questions.

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Jalopnik

AUGUST 20, 2024

Used car prices are s teadily dropping, mostly due to oversupply , and while electric and luxury vehicles are being hit the hardest, other segments don’t always see a big savings gap between new and used. Read more.

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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. Saving money on fuel was the top reason cited for buying an EV, but surprisingly, vehicle style and performance came in at No.

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Auto Remarketing

JUNE 11, 2024

How are electric vehicles impacting the used-car market? The post PODCAST: How EVs have impacted the used-car market appeared first on Auto Remarketing. Listen to this episode of the Auto Remarketing Podcast to hear Jenkins’ keynote presentation given during the event’s final day in the window below.

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Auto Remarketing

JANUARY 21, 2025

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a lively debate about the future of electric vehicles. Listen to the episode in the window below and stay tuned for more from UCW 2024.

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Auto Remarketing

OCTOBER 23, 2024

The latest numbers from Cars Commerce show a new-car market in flux, with prices falling as excess inventory builds up. In the used-car world, on the other hand, all is calm and steady. The age of those used cars is steadily increasing, which means consumers are now getting an older car for the money than they had before.

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RB Auto Service

JULY 10, 2024

The process of buying a used car can be both exciting and nerve-wracking. While the idea of owning a reliable and affordable vehicle is appealing, the fear of hidden issues can dampen the experience. Identifying Hidden Problems: Used cars may carry hidden problems that can remain undetected during a test drive.

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Auto Remarketing

NOVEMBER 5, 2024

In Cars Commerce’s most recent Industry Insights Report , industry and marketplace analytics principal David Greene noted the contrast between the steady used-car market with the relative volatility of the current new-car environment. So, why isn’t the used-car sector experiencing the same “adjustment” as new cars?

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Jalopnik

AUGUST 16, 2024

The used car market has been an up-and-down mess since at least 2020, with reduced new car inventory pushing more buyers into pre-owned purchases , which reduced the revolving supply of trade-ins. This perfect storm of pandemic-induced chip-shortage used car inflation appears to finally be subsiding.

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autoevolution

SEPTEMBER 23, 2024

Tesla Cybertruck enthusiasts no longer have to wait for months and months to get their vehicle delivered. So those who want it fast, can just go to the official website and order one for a lower price than what is on the used car market right now. That being said, why would anybody want to buy a used Tesla Cybertruck right now?

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AutoSuccess

MARCH 14, 2025

New-Vehicle Sales Index Unchanged from Q4, Higher Year Over Year Franchised automobile dealers reported a good sales environment during the survey. The Q1 new-vehicle sales index remained at 54, higher than last year’s 52. The new-vehicle inventory index peaked at 75 in Q1 2024.

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Auto Remarketing

NOVEMBER 29, 2023

Average prices on 1- to 5-year-old vehicles in October were down 5.1% Moreover, the latest CARFAX Used Car Price Index shows that those declines continued “across the board” in November. Everything from economic concerns to growing competition among electric vehicles is contributing to their downward trend.”

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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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Auto Remarketing

MAY 7, 2024

Wholesale vehicle prices continued their downward slope in April, falling double-digit percentages from a year ago. In fact, Cox Automotive’s Manheim Used Vehicle Value Index for the month fell below 200 for the first time in more than three years. The decline for non-electric vehicles was at 13.1%, while EV values dropped 17.5%

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Auto Remarketing

APRIL 12, 2024

At the same time, used-car prices plummeted 5.1% March’s data shows the new- and used-car markets are adjusting,” the Cars Commerce analysis said, “with new-car prices continuing to drop and used-car prices hitting their lowest point in years, signaling a move toward more typical pricing.”

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AutoSuccess

FEBRUARY 19, 2025

introduces AutoPucks , a new line of rubber puck adapters and jack pads designed to provide a secure connection and greater protection when picking up Corvettes, Tesla EVs and other passenger vehicles using car lifts or floor jacks. Placing the adapters anywhere else can lead to vehicle damage or may cause the vehicle to fall.

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Auto Remarketing

OCTOBER 23, 2024

In 2022, Hurricane Ian damaged upwards of 358,000 vehicles throughout several states, according to CARFAX. CARFAX estimates that the 2024 hurricane season has resulted in approximately 347,000 vehicles with flood damage so far. Those interested in buying a used car can check carfax.com/flood to access the CARFAX Flood Check tool.

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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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Auto Remarketing

JANUARY 14, 2025

This level of insight allows dealers to optimize their inventory mix, ensuring they have the right vehicles on their lots at the right time. Its not just about stocking popular models; its about having the perfect balance of vehicles to meet the specific needs and preferences of their local market.

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Auto Remarketing

FEBRUARY 26, 2025

As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report , the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. The used vehicle market also saw growth in hybrid and EV sales.

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Stringer Auto Repair

OCTOBER 10, 2023

Buying a used car can be exciting but also nerve-wracking, especially if you aren’t sure what to look for in a reliable vehicle. While a vehicle may look shiny and new on the outside, there may be hidden issues that can be difficult to discern without proper inspection.

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Jalopnik

SEPTEMBER 29, 2023

It’s no wonder that a used Honda Civic , Toyota Corolla , and Mazda3 are among the most sought-after models on the used market. These are trusty cars that make for great first vehicles, and they’re pretty cheap. They’re like the starter Pokémon of the auto world: you can’t go wrong with either one.

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PA Auto Inspection

SEPTEMBER 28, 2021

However, when it comes to vehicles, we often ignore this concept. Some vehicle owners think that if the car is working fine, it does not require any maintenance. Well, the truth is that your car requires maintenance so that it can continue to function smoothly.

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AutoSuccess

JANUARY 24, 2025

This level of insight allows dealers to optimize their inventory mix, ensuring they have the right vehicles on their lots at the right time. It’s not just about stocking popular models; it’s about having the perfect balance of vehicles to meet the specific needs and preferences of their local market.

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Auto Remarketing

JANUARY 24, 2025

Pickup trucks and SUVs have long been the dominant vehicles in the U.S. The survey showed 43% of consumers said they will definitely or most likely buy a new car, while 30% said the same about their likelihood of buying used, a 30% year-over-year drop.

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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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Auto Remarketing

SEPTEMBER 12, 2024

Price has always been cited by car buyers as a barrier to buying a new electric vehicle. But when it comes to the used-car market, it’s not a problem at all. According to the latest research by iSeeCars , the average price of a 1- to 5-year-old used EV is now 11.4% higher than internal combustion vehicles.

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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. Or Are You Aligning Your Dealership Too Closely with EVs? EV sales have slowed in the U.S.

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Auto Remarketing

JUNE 18, 2024

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. and reached 7.4%

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Auto Remarketing

SEPTEMBER 19, 2024

The electric vehicle-centric podcast, founded and hosted by Elena Ciccotelli, is collaborating with Experian on “EVs for Everyone with Experian,” a new monthly podcast miniseries that aims to provide candid conversations about the current state and future prospects of the EV market in the U.S.

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Jalopnik

JULY 19, 2024

Not too long ago, vehicle leases were on the decline. So much so that it was affecting the used car market. Now, thanks to EVs, leases are making a big comeback. And thanks to tax credits, German luxury EVs are being leased now more than ever. Read more.

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