Auto Remarketing

AUGUST 23, 2024

The slowdown in supply of later-model used vehicles is already having an impact in the retail car market, according to industry analyses released this month. Cars Commerce said in its latest Industry Insights Report that used-car inventory was up 1% year-over-year in July, due mostly to inventory of sub-$30,000 vehicles climbing 9%.

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Auto Remarketing

MARCH 13, 2024

The “dramatic” declines in used electric vehicles last month no doubt caused some head-scratching for those in the business of remarketing or retailing these cars, but the near 32% drop may open up some opportunities for consumers and dealers alike.

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AutoSuccess

MAY 15, 2024

These constraints have impacted vehicle acquisition, parts sourcing and transport of new vehicles. Fleet allocations will only continue to grow, and it is important for fleets and auto retailers to identify new solutions via advanced connected vehicle data to maintain profits and customer expectations.

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Auto Remarketing

MAY 23, 2024

Wholesale vehicle prices fell nearly 12% year-over-year in April and have continued modest month-over-month declines in May, according to the latest Kontos Kommentary report from ADESA chief economist Tom Kontos. On the retail side, J.D. Overall wholesale values last month came in at $14,559, down 11.7% Prices were down 0.3%

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Auto Remarketing

NOVEMBER 27, 2023

An overwhelming percentage of car dealers who use digital retailing tools are reporting encouraging results, according to the latest research by Cox Automotive. The top benefit of digital retailing, according to both dealers and customers, is the time saved, cited by 60% of dealers and 93% of shoppers.

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Auto Remarketing

MARCH 18, 2024

As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector. Dealerships that embrace this change are poised to thrive in the new era of automotive retailing.

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Auto Remarketing

NOVEMBER 27, 2024

The year-over-year growth isn’t quite as steep as it was in prior months, but used electric vehicles are still flying off dealership lots and auction yards, according to respective analyses from Cox Automotive and the National Auto Auction Association. In its latest EV Market Monitor, Cox Automotive reported there were.

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AutoSuccess

APRIL 9, 2024

These constraints have impacted vehicle acquisition, parts sourcing and transport of new vehicles. Fleet allocations will only continue to grow, and it is important for fleets and auto retailers to identify new solutions via advanced connected vehicle data to maintain profits and customer expectations.

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Tire Review Magazine

JULY 30, 2024

Bridgestone Retail Operations (BSRO), a subsidiary of Bridgestone Americas , will plant more than 54,000 trees across the country as a result of the company’s second annual “Download the App, Plant a Tree” campaign. The post Bridgestone Retail Operations donates 54,000 trees appeared first on Tire Review Magazine.

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Auto Remarketing

OCTOBER 25, 2024

So far in October, King reported average used-vehicle retail prices are coming in at $28,472, which is down $669 or 2.3% King then pointed out that the decline in used-vehicle values is translating to lower trade-in equity, which is now trending toward $7,909. of retail sales in October. from a year ago. That’s up 2.3

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Automotive Fleet

NOVEMBER 19, 2024

Retail used-vehicle sales have also increased for five consecutive weeks, and that should keep dealer demand for wholesale units elevated in the coming weeks.

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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. The difference at that point was 0.9%.

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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. The high end of each category’s price range has also fallen by at least $1,000 as dealers act to move the most expensive used vehicles,” the report said. Cars were down $400.

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AutoSuccess

JUNE 18, 2024

The Reynolds and Reynolds Company announced the official details for its Reynolds Retail Summit: Amplify 2024. It seeks to foster an environment where attendees explore collaboration and innovation as the retail automotive industry pushes forward into the future. course at the Lansdowne Resort.

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AutoSuccess

JULY 22, 2024

The Reynolds and Reynolds Company announced in a press release the agenda for its Retail Summit: Amplify 2024. We’re extremely excited for the upcoming announcement at our Retail Summit,” said Walsh. You can find more details about the Reynolds Retail Summit: Amplify 2024 here. We certainly hope so.”

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Auto Remarketing

NOVEMBER 14, 2023

When it comes to used-car retail prices, the third quarter pointed to a “return to normalcy,” a trend that was particularly evident by this metric: late-model used cars have prices that are “notably below” those of new vehicles. drop in used vehicle prices compared to the typical 0.7% decrease observed from 2015-2019.”

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Auto Remarketing

FEBRUARY 16, 2024

It was good news, bad news for the retail used-car market in January. Our proprietary and highly exclusive data from the Cars Commerce platform empowers consumers and automotive retailers alike with the most up-to-date information on pricing, inventory and demand so they can make better buying and selling decisions,” Lindland said.

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Auto Service World

NOVEMBER 28, 2024

Key markets in the electric vehicle transition are falling behind in their stated goals for public charging infrastructure, according to the latest figures. This deficit in EV charging points represents a considerable opportunity for fuel retailers. That’s the golden opportunity for the existing fuel retail network,” Shankar observed.

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AutoSuccess

JANUARY 19, 2024

We discussed how the market continues to evolve and push further into a digital retailing-first approach, despite many dealerships simply not being ready for the change. Among the most glaring issues are the lack of personalization and consistency across digital retailing solutions.

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AutoSuccess

JANUARY 30, 2024

Space Auto has announced a new integrated Digital Retailing and Digital Desking feature as part of its software suite beginning in January 2024. The new feature will allow car dealerships to offer customers different options for their vehicle purchases, including terms, monthly payments and rates.

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Auto Remarketing

JULY 30, 2024

Perhaps it’s jumping to conclusions, but the only segment in Black Book’s tracking to squeeze out a wholesale value uptick last week might relate to vehicles in position to solve one of the pressing current challenges to get cars financed and retailed.

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Auto Service World

NOVEMBER 20, 2024

“The industry, dominated by OEMs and major Tier 1 suppliers, faces significant disruption as automakers pivot strategies around EVs and component sourcing, forcing retailers and consumers alike to re-think their approaches to aftermarket parts and services,” the report said.

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AutoSuccess

NOVEMBER 15, 2024

They’ve checked their car’s value on KBB and seen the retail price — naturally, they’ll aim high. A recent study we conducted revealed a key insight: the sweet spot for acquisition typically falls within the seven-12-day window after a vehicle is listed. Every listing is a chance to acquire a vehicle.

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AutoSuccess

NOVEMBER 6, 2024

Even with this activity, many dealers report that markdowns do not always lead to increased traffic to Vehicle Detail Pages (VDPs), with about one-third of dealers seeing improved VDP views only 25% of the time. Real-time pricing optimization, driven by AI, can ensure that vehicles are priced competitively while maintaining profitability.

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AutoSuccess

FEBRUARY 3, 2024

This collaboration is a significant step forward in advancing the digital retailing strategy for Kia and its dealers and reflects the shared commitment of CarNow, Kia and its dealers to elevate the automotive retailing experience. “We’re excited to play a pivotal role in ushering in a new step forward in digital retailing.

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AutoSuccess

JANUARY 18, 2024

RouteOne has introduced RouteOne On-Demand, a suite of API services that power enterprise-level digital retailing solutions. The post RouteOne Introduces On-Demand Digital Retailing Solutions appeared first on AutoSuccessOnline.

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Auto Remarketing

JANUARY 24, 2024

Ivan Drury says the retail used electric vehicle market has long been a topic of interest, and one reason for that has been the limited supply of “legitimate contenders,” he said. For so long, it was Tesla or compliance car, and that was it,” said Drury, who is director of insights for online car shopping guide Edmunds.

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AutoSuccess

NOVEMBER 30, 2023

Nearly all car dealers currently using digital retailing tools claim it has positively impacted their business, especially in customer experience and satisfaction, according to Cox Automotive’s 2023 Digitization of Car Buying Study. – Shoppers are willing to provide access to information that enables an ideal buying experience.

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Auto Remarketing

OCTOBER 10, 2024

September in the wholesale vehicle market was a departure from the earlier summer months, as cooler temperatures brought lower prices. Cox Automotive’s Manheim Used Vehicle Value Index for September came in at 203.0, Meanwhile, Black Book’s seasonally adjusted Used Vehicle Retention Index came in at 146.3 which was down 0.5%

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Automotive Fleet

JULY 15, 2024

The CDK outage at dealerships has disrupted sales reporting amid a monthly decline.

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Auto Remarketing

JULY 17, 2024

According to Black Book’s tracking, dealers are buying more vehicles at auction nowadays, but they’re also needing almost two additional weeks to get those cars retailed. Meanwhile, analysts said the estimated used retail days to turn is rising and is now at 50 days. What have those trends done to wholesale prices?

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AutoSuccess

SEPTEMBER 26, 2024

Nine out of 10 car buyers (91%) visited a dealer website before buying or leasing their last vehicle, with nearly half (45%) spending time on three or more dealer sites. More than four out of five buyers (84%) visited a physical showroom to test drive a vehicle before buying, and 62% set foot in two or more dealership locations.

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Auto Remarketing

SEPTEMBER 3, 2024

I have a suspicion that the month of August will look pretty good for dealers as far as used vehicle sales volume, but their month-end gross profit tally will likely be less-than-satisfying if not distressing. Retail used vehicle sales have been strong over the past week or so.

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Automotive Fleet

AUGUST 16, 2024

Retail used-vehicle prices have been consistently lower through the first seven months of 2024 compared to year-ago levels.

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AutoSuccess

OCTOBER 3, 2023

automotiveMastermind (aM) has introduced an API that allows OEMs, dealer groups, digital retailers and customer data platforms (CDPs) to integrate with Mastermind, aM’s automated sales and marketing platform.

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AutoSuccess

OCTOBER 18, 2024

As we inch closer to the end of 2024, auto dealers are seeing several shifts and developments that will shape their vehicle inventory levels and marketing strategies through the remainder of the year. Inventory Levels Stabilizing According to recent data, total vehicle inventory stood at 2.79

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Vehicle Service Pros

JANUARY 29, 2024

Sponsored Content: Automotive retailers can help their customers who are struggling financially while also growing their business.

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