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

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

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.

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Trucking Retail Automotive Used Cars 98

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.” to $31,511.

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Used Cars Electric Vehicles Electricity Vehicle 105

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

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.” These two critical variable functions are integrated today.

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Used Cars Management Retail Vehicle 93

Auto Remarketing

JULY 1, 2024

If a shopper who arrives at your dealership is on the hunt for an inexpensive used vehicle that can seat the whole family, here’s a selling point: Now might be the time to buy. While luxury cars were also down $200 from May, other vehicle categories saw little (hybrids/EVs, down $40) to no change (cars) month-over-month.

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Vehicle Trucking Retail Used Cars 52

Autoblog: Repairs

AUGUST 17, 2024

Toyota Those of us willing to bite the bullet and pay today’s new-car prices want to make sure that the vehicle we’re buying will stand the test of time. A new study from iSeeCars found that the 10 longest-lasting vehicles come mostly from one global automaker, and that company likely won’t surprise you.

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Vehicle Trucking Car Used Cars 52

Autoblog: Repairs

SEPTEMBER 9, 2024

At some point, every vehicle has delivered its intended purpose, no matter how dear it is to a family or owner. When that time comes, it’s essential to consider your options in order to figure out how to get the best price for your trade-in, whether it be trading, selling, or mothballing the car for a future family owner.

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Used Cars Car Vehicle Retail 87

Auto Remarketing

OCTOBER 24, 2023

Like the number of teams still alive in the MLB playoffs, used-car prices are dropping in October. Wholesale vehicle values climbed sequentially for the second straight month and were still astronomically high in September compared to pre-COVID levels, but signs indicate that October is seeing the usual autumn slowdown.

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Vehicle Used Cars Trucking Car 52

autoevolution

JANUARY 6, 2024

There is always the same vehicle in the lead, no matter if we are dealing with the brand-new models sales or the used car market. This has become so predictable. There can’t possibly be a best-selling model ranking without it. It is always the Ford F-150. The Ford F-150 tops the ranking of the new. continue reading. )

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Trucking Used Cars Vehicle Car 52

autoevolution

SEPTEMBER 13, 2024

The poor pickup truck has no chance of ever getting back on the road again. The model is going to end up on the used car parts market in pieces. Well, not literally, because the insurance company surely paid out, and the owner of the pickup truck went and bought another vehicle, maybe o. continue reading. )

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Insurance Trucking Car Parts Used Cars 52

Autoblog: Repairs

AUGUST 18, 2024

Some automotive brands have remained at the top of predicted reliability rankings for years, and while new vehicles have become far more durable than they were even a few years ago, many of those top-ranked brands continue to dominate. Toyota was the top-ranked brand, with a 17 percent overall chance of having vehicles reach 250,000 miles.

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Trucking Vehicle Management Automotive 64

AutoSuccess

AUGUST 6, 2024

Understanding Market Absorption Market absorption, in essence, means acquiring a significant share of available products — in this case, private-party vehicles. He ran the used car department for his grandfather’s dealership, Chuck Patterson Toyota. You can use the same strategies, but for other segments, not brands.

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Vehicle Used Cars Car Trucking 94

AutoSuccess

APRIL 5, 2024

It’s a site dedicated to helping consumers and dealerships navigate the used car market. Dealerships that list their vehicles on UsedCars.com will gain exposure to the entire AutoWeb network, reaching a monthly audience of millions of car and truck shoppers. The post AutoWeb Inc.

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Used Cars Trucking Automotive Car 40

Jalopnik

JUNE 13, 2024

Now it seems car dealers are staying away from the once bullet-proof trucks. We found out wh y Toyota’s twin-turbo V6s have been grenadeing themselves in 2022-2023 Tundras and Lexus LXs earlier this month, but there’s still no real fix for the issue. Read more.

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Engineering Trucking Car Used Cars 62

Ride Mission

AUGUST 31, 2022

The inventory shortage of computer chips and vehicles has impacted the car maintenance and repair industries in several ways. Used car sales are up, so repair shops are swamped with work. The decrease in available parts also increases the time owners have to wait to fix their cars and trucks.

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Car Used Cars Manufacturing Electronics 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

Auto Remarketing

JULY 26, 2024

Carryover inventory — vehicles that remain unsold for extended periods — ties up capital, incurs holding costs, and often requires discounting and markdowns to clear off the lot. Understanding inventory risk management in the data age Car dealers today have a wealth of data to help sell vehicles from their lot. million and 1.2

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Management IT Retail Vehicle 59

Jalopnik

JULY 29, 2024

Restomodding a car is nothing new. People have been taking old beat-up classics and giving them modern touches pretty much since the first used car hit the market.

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Used Cars Car Trucking Vehicle 56

RepairSmith

OCTOBER 19, 2023

A Diagnostic Trouble Code (DTC) gets stored on your truck’s computer, indicating what went wrong with the vehicle. Remember, a loose gas cap can activate the CEL even on new vehicles without any malfunctioning parts otherwise. In modern Ram trucks, a defective ignition coil pack will affect only the concerned cylinders.

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Check Engine Light Engineering IT Trucking 52

Ride Mission

MAY 3, 2023

With the prices of new cars soaring over the past couple of years, it has become hard for most families to afford them, which is why many have started looking towards pre-owned vehicles instead, especially used Fords such as the Explorer and Bronco. But that is not all. Test Drive – Now for the fun part. It is as easy as that.

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Car Dealership Insurance Mechanic Trucking 52

AutoSuccess

JULY 26, 2024

Carryover inventory—vehicles that remain unsold for extended periods—ties up capital, incurs holding costs and often requires discounting and markdowns to clear off the lot. Understanding Inventory Risk Management in the Data Age Car dealers today have a wealth of data to help sell vehicles from their lot. million and 1.2

Retail 40

Retail Management IT Vehicle 40

AutoSuccess

FEBRUARY 27, 2024

These types of issues may make consumers think twice before investing in new and used vehicle models when car shopping. Furthermore, the government’s decision to resume student loan re-payments may place additional pressure on sales of new vehicles, especially for younger consumer demographics.

Retail 40

Retail Electric Vehicles Vehicle Electricity 40

Hollenshades Auto Service

JULY 21, 2021

Failing a vehicle safety inspection can be frustrating. Vehicles need to be inspected after being purchased or registered in Maryland to ensure both personal and community safety. In fact, it is extremely common for used cars to fail the first safety inspection.

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Auto Repair Car Mechanic Auto Repair Services 40

Auto Service World

FEBRUARY 4, 2025

Auto Service World asked AIA Canada how tariffs would impact the aftermarket by way of how new vehicle prices could affect the sector and how added financial pressures on consumers could impact the industry but the question wasn’t answered in their statement. Full-size trucks could see a jump of $10,000 in pricing.

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Vehicle Repair Automotive Manufacturing Vehicle 249

Auto Remarketing

MARCH 5, 2025

If reliability and value are your customers top priorities for a used car, you might want to make sure the Honda Fit is on your lot. The subcompact hatchback, which was discontinued by Honda in 2020, is the most reliable 5- and 10-year-old vehicle for the money, according to the latest research from iSeeCars.

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Used Cars Car Trucking Vehicle 90