AutoSuccess

SEPTEMBER 6, 2024

In today’s economic climate, consumers are grappling with extreme inflationary pressures affecting vehicle ownership. Auto dealers are particularly impacted, facing challenges in vehicle availability and profitability. The Impact of Inflation on Vehicle Ownership Inflation creates significant increases in the cost of vehicle ownership.

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Jalopnik

SEPTEMBER 12, 2024

When a prospective buyer of a used vehicle from CarMax doesn’t qualify for financing, they’ll likely be offered a loan from Exeter Finance as a lender of last resort.

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Finance Vehicle Retail Used Cars 64

Auto Remarketing

OCTOBER 29, 2024

The difference between the price of a new car during the third quarter and that of a used car is enough money to … well … buy a car. Enough, at least, to purchase an older pre-owned vehicle. However, they still may end up paying more than expected for a newer used vehicle or settling for an older set of wheels.”

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Used Cars Car Finance Vehicle 52

Autoblog: Repairs

AUGUST 14, 2024

Vehicle prices continued a downward trend in July — the most of any major category in the Consumer Price Index (CPI) over the last year as the car market continues its return to "normal" following pandemic-fueled inflation. Used car prices fell 2.3% New car prices fell 0.2% New car prices fell 0.2%

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Used Cars Car Finance Vehicle 52

AutoSuccess

JULY 9, 2024

It’s no secret that dealers are facing a complex set of challenges when sourcing used car inventory. While supply constraints have been a major focus, it’s also important to consider how demand dynamics are influencing the used car market and complicating dealerships’ ability to source inventory effectively.

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Used Cars Car Finance Car Dealership 59

Solera

AUGUST 8, 2023

Industry Trends in 2023 While the used car boom that sent prices sky high may be winding down, there is still a large demand for quality used vehicles. Once seemingly overvalued, older cars will take the biggest hit, while late-model cars will hold steady or decline slightly, mirroring the trend for new cars.

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Auto Remarketing

OCTOBER 3, 2023

High vehicle prices and interest rates are delivering an economic one-two punch that is being felt throughout the used-vehicle ecosystem. Think consumer financing and monthly payments, dealership inventory and certified used vehicles, and residuals and repossessions. 6-9 in Scottsdale, Ariz.

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Finance Used Cars Vehicle Automotive 96

Jalopnik

OCTOBER 12, 2023

Used cars are finally getting a little cheaper, according to Cox Automotive. After what seemed like an interminable series of price hikes across all vehicle segments, used prices are going down. The only caveat is that pickup trucks are trending in the other direction and are getting slightly more expensive instead.

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Used Cars Trucking Car Automotive 58

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. Read more.

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Used Cars Car Electric Vehicles Electricity 60

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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Used Cars Car Electric Vehicles Finance 60

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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Used Cars Car Electricity Vehicle 57

Jalopnik

DECEMBER 26, 2023

Edward Scott Rock, a Philadelphia used car dealer , was arrested last week by federal authorities on charges of mail and wire fraud. Rock is accused of accepting payments from around 120 buyers across 36 states but failing to deliver a vehicle.

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Used Cars Car Vehicle Finance 55

Jalopnik

DECEMBER 15, 2023

Honda is going to start offering a leasing program for its certified pre-owned vehicles because new car prices are just way too high at this point. The program is beingv aimed at buyers who want to keep their monthly payments low and don’t have the upfront cash for a big down payment, according to a statement from Honda Read more.

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Used Cars Car Vehicle IT 69

Auto Remarketing

SEPTEMBER 13, 2024

That’s the message of a new report from Edmunds head of insights Jessica Caldwell that examines the disconnect between what car shoppers want to pay for their next vehicle and what the market says they’ll have to pay. While vehicle prices are coming down from their post-COVID peaks, they’re still well above pre-pandemic levels.

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Car Finance Vehicle Electronics 91

Auto Remarketing

FEBRUARY 1, 2024

While the groundhog hasn’t delivered his forecast yet, it seems spring might be on the way in the wholesale car market. Used-vehicle prices were down again as January ended, but the pace of depreciation is decelerating, according to the latest report from Black Book. In turn, that is helping to drive down the cost of used cars.”

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Retail Used Cars Trucking Car 98

Auto Remarketing

JANUARY 8, 2025

For stakeholders in the automotive industry, particularly in the used car market, understanding how blockchain can reshape the sector is not just about keeping pace it’s about seizing opportunities for efficiency, transparency, and growth. Automate compliance: Regulatory compliance in finance is often complex and time-consuming.

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Automotive Finance Consulting Education 52

AutoSuccess

SEPTEMBER 3, 2024

During the coronavirus pandemic, inventory was historically low, customers frequently paid above MSRP and financed cars at higher interest rates and for longer periods of time. These circumstances have resulted in many customers being underwater with their pandemic-era purchase, and upgrading vehicles has become financially difficult.

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Car Software Finance Management 93

AutoSuccess

FEBRUARY 17, 2025

How Dennis Dillon Auto Group Built a Winning Private-Party Buying Program Most car dealers think the best used vehicles are found at auctions. We talked with their used car manager, Bryan Bough, about their private-party buying program. Theyre wrong. The real gems are sitting in your customers driveways.

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Car Management Vehicle Used Cars 90

Auto Remarketing

NOVEMBER 17, 2023

This means offering a wider range of vehicles that cater to varying customer demands and budgets. While high-end cars may see reduced demand, affordable, fuel-efficient vehicles may become more popular. Focus on pre-owned vehicles During economic downturns, consumers often look for cost-effective alternatives.

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Car Dealership Customer Service Finance Management 105

Auto Remarketing

OCTOBER 11, 2024

The car-buying public has a message for the used-car industry, and it’s this: We don’t want to pay too much for a vehicle. That message was clearly conveyed in CarGurus’ latest Quarterly Review, which found sales of lower-priced used cars rising and high-end vehicle sales falling. “As

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Finance Used Cars Vehicle Car 52

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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Used Cars Vehicle Car Electric Vehicles 60

Auto Remarketing

NOVEMBER 25, 2024

While the coming year is showing positive signs for used-dar dealers, we’ve learned that the future is never certain. No matter what curveballs are around the corner, there are key strategies used-car dealers should consider to consistently boost profitability. What will your profit be when (if) you sell the vehicle?

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Car Transportation Used Cars Finance 52

AutoSuccess

JULY 18, 2024

announced in a press release the launch of the next evolution of TrueCar+ , which now empowers consumers to purchase from over 3,200 new, used, and certified pre-owned vehicles from start to finish completely online. TrueCar, Inc.

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Finance Used Cars Car Vehicle 52

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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Trucking Finance Used Cars Automotive 52

Auto Remarketing

NOVEMBER 2, 2023

Auto dealerships are also embracing new AI tools for enhancing customer service and reshaping how they price their vehicles. In a traditional book value pricing method, auto remarketing dealerships list the base retail value on their website, leaving out factors such as mileage and vehicle condition.

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Car Dealership Used Cars Finance Auto Market 52

AutoSuccess

NOVEMBER 10, 2023

Integrated into the marketplace is the company’s reputation technology that powers more than 13 million consumer reviews, making it the largest review platform in the industry, as well as digital financing and trade-in capabilities that speed transaction time with local retailers.¹

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Car Retail Media Finance 52

The Mechanic Doctor

JUNE 16, 2023

The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics Sales of electric vehicles are growing against the backdrop of rising fuel prices. However, the army of internal combustion engine fans still dominates due to several serious shortcomings inherent in cars with electric motors.

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Finance Electricity Engineering Electric Vehicles 40

AutoSuccess

MARCH 11, 2025

Brands With the Best Experience While individual dealerships play a crucial role in shaping the car-buying experience, a brand’s overall reputation also influences consumer trust and loyalty. Considering 24 months of consumer reviews, Subaru and Acura and Volvo among luxury brands emerged with the highest overall review ratings.

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Finance Automotive Utilities Car 52

Jalopnik

SEPTEMBER 17, 2024

Considering the shambolic state of the American economy, inflation, and rampant wage stagnation, I love finding stories about affordable cars and prices dropping. million one-to-five-year-old used cars listed for sale online between August 2023… Read more.

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Car Used Cars Electric Vehicles Electric Cars 48

Jalopnik

JANUARY 24, 2024

Toyota has expanded its certified pre-owned program requirements to include vehicles that are up to 10 model years old and have up to 125,000 miles. The newly-introduced Silver Certification level will include significantly reduced warranties compared to the reassurances granted to cars eligible for the… Read more.

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Car IT Vehicle Used Cars 70

Jalopnik

MAY 23, 2024

Vehicles in the U.S. In fact, the average car on the road in 2024 is 12.6 That means the average car was built back in 2011. just keep on getting older as new ones continue to cost way too much for the average buyer. Preposterous. Read more.

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Car Vehicle Used Cars Electric Vehicles 55

Jalopnik

MAY 29, 2024

Cars just aren’t worth repairing anymore. One in every five cars seen by an insurance adjuster is estimated to cost too much to be repaired and returned to drivable condition. There are a ton of factors to look at here , but with high-tech lighting and sensors at the extremities of every car these days, increased use… Read more.

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Insurance Car Used Cars Finance 66

Jalopnik

JUNE 17, 2024

Some buyers, it seems, have decided to give the Vietnamese automaker a chance and actually buy one , despite the cars not being ready for prime time. You probably haven’t seen a Vinfast on the street yet. They’re around though, at least they are here in California. Those buyers may have put themselves into a shaky… Read more.

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IT Car Used Cars Electronics 62

Auto Service World

FEBRUARY 4, 2025

Listen: Kumar Saha explores the implications of tariffs for the auto care sector The Automotive Industries Association of Canada came out Monday saying that its keeping an eye on developments and is in close contact with federal departments, such as finance and Innovation, Science and Economic Development (ISED). ” The U.S.

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Auto Remarketing

JANUARY 21, 2025

The supply of used vehicles. His analysis of economic conditions showed green lights for the overall economy, consumers buying ability and auto finance, and no red lights. But when it comes to used-car inventory, though, the outlook is bearish. And that is a key segment in the used market.

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Used Cars Car Retail Vehicle 97

Jalopnik

FEBRUARY 15, 2025

When youre shopping for a used car, it can be hard to narrow down the list of vehicles youre interested in looking at. Finding the exact car thats right for you is even harder, especially since theres no guarantee the car you want will even be available in your area.

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