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.

Used Cars 105

Used Cars Car Retail Electric Vehicles 105

Auto Remarketing

MAY 28, 2024

When that shopper is waffling over whether the timing is right to buy a used car, here’s a selling point a dealer can pass along to that indecisive consumer, courtesy of CARFAX. As it stands, retail prices for used vehicles have slowed significantly year-over-year: used SUVs are down 9.5%

Used Cars 109

Used Cars Car Retail Finance 109

Auto Remarketing

FEBRUARY 1, 2024

Used-vehicle prices were down again as January ended, but the pace of depreciation is decelerating, according to the latest report from Black Book. For three consecutive weeks, the overall wholesale market has exhibited a slowdown, with reduced depreciation rates recorded in both the car and truck segments,” the report said.

Retail 98

Retail Used Cars Trucking Car 98

Auto Remarketing

OCTOBER 27, 2023

The retail used-car market appears to be hitting a “leveling off period” when it comes to prices. That’s according to the latest CARFAX Used Car Price Index , which said used-car asking prices on its platform are approaching a “floor.” In other words, shoppers shouldn’t expect much further relief.

Retail 59

Retail Used Cars Car Trucking 59

Auto Remarketing

FEBRUARY 27, 2024

Used-vehicle prices are showing a “typical seasonal rise” on a month-over month basis in the wholesale market but are down double-digits from early 2023. Meantime, used-vehicle prices on the retail side of the market “are in retreat” from peaks reached in May. Car prices were up 4.4% Truck segment prices climbed 2.7%

Used Cars 52

Used Cars Car Retail Trucking 52

Auto Remarketing

OCTOBER 22, 2024

Sending a full-size truck to auction appears to be as much of a heartburn-triggering situation for franchised dealers as seeing that new model sitting in inventory and on the store floorplan for 100 days or more. Power showed the numbers crunch unfolding that might again be pitting the used-car department versus the new-car division.

Trucking 98

Trucking Retail Automotive Used Cars 98

AutoSuccess

MARCH 28, 2024

A 2022 Bureau of Labor Statistics report reminds us that from the 2007 to 2009 recession — and through the onset of the pandemic in 2019 — “car and truck dealerships faced an economic shock and compressed profit margins on new vehicles.” CarEdge Data pointed out that February inventory supply ranged from two weeks to two years.

Used Cars 93

Used Cars Management Retail Vehicle 93