Auto Service World

FEBRUARY 25, 2025

While still high, prices for used vehicles trended downward over the last year. AutoTrader reported that January 2025 prices for used vehicles hit $36,899, down 5.7 Thats in comparison to new vehicle prices coming in at $65,317 that month, a drop of 2.9 Dealers are split on their primary sources of vehicles.

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Auto Service World

JANUARY 23, 2025

Despite ongoing economic challenges, Canadians are demonstrating resilience in their vehicle purchasing habits, according to new research from AutoTrader. While the economic landscape remains challenging, with high interest rates, gas and vehicle prices influencing decisions, Canadians are adapting.

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Auto Service World

JANUARY 2, 2024

When purchasing a used car, it is important to take into account both the mileage and age of the vehicle. These two factors are vital in evaluating the condition of the car. In this article, we will explore the importance … The post Buying a Used Car: Mileage vs. Age, What’s More Important?

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Used Cars Car Vehicle Auto Repair 197

Auto Remarketing

MARCH 4, 2025

Is now the right time for used-car shoppers to strike? There was some year-over-year easing in retail used-car prices last month, according to the latest CARFAX Used Car Index report , which showed declines in six of the seven segments included in its analysis. month-over-month, prices for cars fell 0.9%.

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Used Cars Retail Car Entertainment 66

Automotive Training Centre

MARCH 27, 2025

Electric vehicles are changing how we think about cars, including how they are maintained and detailed. If youre considering auto detailing training , understanding the differences between detailing EVs and traditional internal combustion engine (ICE) vehicles will give you an edge in the industry.

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Electric Vehicles Electricity Automotive Vehicle 232

Auto Remarketing

FEBRUARY 12, 2025

Incentives on new vehicles: remember those? of Equipped Retail Typical new-car prices in 2022, according to Black Book, new-vehicle incentives have climbed the past two years. Theyre back in a big way. After hitting a trough of 2.9% That was especially evident towards the end of 2024.

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Used Cars Car Retail Vehicle 94

Auto Service World

OCTOBER 26, 2024

The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles. This can result in significant savings to the wallet.

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Auto Service World

OCTOBER 5, 2024

The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles. This can result in significant savings to the wallet.

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Electric Vehicles Used Cars Electricity Vehicle 130

Auto Remarketing

JANUARY 8, 2025

Its not a surprise to find full-sized pickup trucks at the top of a list of Americas 100 best-selling used vehicles. It was, however, a bit unexpected to find an electric vehicle in the top 30, and two EVs among the top 75. As has become expected, Fords F-150 pickup was the top-selling used vehicle in the U.S.

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Trucking Vehicle Used Cars Electric Vehicles 93

AutoSuccess

JANUARY 14, 2025

While the Southeast recovers from the devastating impacts of Hurricanes Helene and Milton, their lingering effects are still being felt in the used car market. According to a recent analysis conducted by EpicVIN , as many as 139,000 vehicles were flooded during Hurricane Helene, with over 61,000 of those in Florida alone.

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Used Cars Vehicle Car Consulting 40

AutoSuccess

DECEMBER 25, 2024

Earlier last week, I had a conversation with one of our dealer partners who had a record-breaking August driven entirely by used vehicle sales. With tight supply and a flat-feeling used market, I asked, how did he turn it into the driver of his record month? Heres how you as a leader can help your team crush used car sales: 1.

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Used Cars Car Vehicle Management 52

AutoSuccess

DECEMBER 1, 2024

In today’s competitive used car market, dealerships can’t afford to rely on guesswork during vehicle appraisals. Getting it right requires more than a quick look under the hood or a test drive — it demands full transparency into the car’s history, condition and features.

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Used Cars Car Mechanic A Tech 52

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

Auto Service World

OCTOBER 12, 2024

Steering through the world of second-hand vehicles can be tricky, especially when finding a dealer you can trust. This, however, can make your car buying journey more challenging. Transparency: Trustworthy dealers are typically forthcoming with information about their vehicles. So, how do you separate the wheat from the chaff?

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Auto Service World

OCTOBER 19, 2024

Buying a used car has traditionally been associated with stress, long waits, and confusing paperwork, but Cars4Us is changing all that. As Australia’s leading used car platform, Cars4Us has revolutionised the process by making it easier, faster, and more transparent for buyers.

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Used Cars Car Vehicle Transportation 130

Auto Remarketing

NOVEMBER 25, 2024

The degree to which a vehicle’s price changes month-over-month might be more telling, in some cases, than the year-over-year change. With that in mind, CARFAX has added month-over-month insights to its Used Car Index reports, the first major change in these recaps since their April 2023 debut. car industry overall ?

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Used Cars Car Trucking Electric Vehicles 52

Auto Remarketing

MAY 15, 2024

Edmunds director of insights Ivan Drury highlighted multiple tailwinds that could help the retailing of used cars. What could be most beneficial for dealerships of all stripes is getting a boost of older, more affordable vehicles. Vehicles older than 9 years were more likely to be traded in for a used vehicle,” he continued.

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Used Cars Car Retail Vehicle 105

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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Used Cars Car Retail Electric Vehicles 105

Auto Service World

MARCH 14, 2025

Similarly, a sudden drop in used car prices from post-COVID highs resulted in many vehicles not being repaired. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate.

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Collision Repair Insurance Vehicle Media 200

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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Used Cars Car Retail Electric Vehicles 105

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. But for $30,000 to $49,000 vehicles — which is the price range typical for 1- to 3-year-old used vehicles — inventory fell 15%, according to Cars Commerce.

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Used Cars Retail Car Vehicle 105

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%

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Used Cars Retail Car Vehicle 111

Auto Remarketing

MAY 21, 2024

Used-car retail sales in April were ahead of prior-year figures, but the market was challenged, given the end of tax season and the hurdles of low supply, affordability and high interest rates. million used vehicles last month, which beat April 2023 by 4.8% million used vehicles last month, which beat April 2023 by 4.8%

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Used Cars Car Retail Vehicle 105

Auto Remarketing

SEPTEMBER 6, 2024

And as the law of supply and demand decrees, used car prices are beginning to rise, according to CarGurus’ August 2024 Intelligence Report , released this week. The report showed used-car inventory levels down in August for the third consecutive month, dropping 2% below last year and 7.4% below August 2022 levels.

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Used Cars Car Retail Vehicle 98

Auto Service World

NOVEMBER 16, 2024

In today’s world, finding a car that is both eco-friendly and budget-friendly can be a challenge, especially for families. However, there are several used cars on the market that offer great fuel efficiency, low emissions, and a comfortable ride for the whole family.

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Banking Used Cars Car Electric Vehicles 130

Auto Remarketing

MARCH 11, 2024

The retail used-car market, including the certified pre-owned segment, showed some real strength last month, improving from both year-ago and January figures. Citing data from its vAuto business unit, Cox Automotive estimated that used-vehicle retail sales in February climbed 18% month-over-month and 5% year-over-year.

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Used Cars Car Retail Automobile 116

Auto Remarketing

JUNE 14, 2024

Almost half of used-car shoppers say the oldest vehicle they would consider is in the 3- to 5-year-old range, according to the May Industry Insights Report from Cars Commerce. And the good news for dealers is supply has increased for some of the vehicle price band that would fit into that particular age group.

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Used Cars Car Vehicle IT 102

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%

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Used Cars Car Retail Finance 109

Auto Remarketing

JANUARY 8, 2025

Those are not necessarily words used to describe the used-vehicle market over the last five years, but 2024 closed with analysts calling wholesale price patterns exactly that.

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Vehicle Used Cars Automotive Car 52

Auto Service World

MARCH 10, 2025

BendPak has introduced AutoPucks, a new line of rubber puck adapters and jack pads designed to provide a secure connection and greater protection when lifting Corvettes, Tesla EVs, and other passenger vehicles using car lifts or floor jacks. Incorrect placement can lead to vehicle damage or even cause the vehicle to fall.

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Vehicle Used Cars Engineering Car 130

Auto Remarketing

JULY 16, 2024

It’s possible the outage at CDK Global didn’t just limit the actual sales of used vehicles in June. The crisis may have affected the reporting of the pre-owned vehicle sales that did happen. And even with disruption, dealers increased. And even with disruption, dealers increased.

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Auto Remarketing

AUGUST 16, 2024

The wholesale used-car market is still recovering from the plunge in new-vehicle sales during the pandemic, say industry experts. Auction volumes are rising steadily though.

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Auto Remarketing

SEPTEMBER 20, 2023

Folks still need personal vehicles. And for many, the used-car market is the only or best option. That’s one way to explain why year-to-date used retail sales through August have climbed 4.5% — growth that has occurred despite the headwinds of high prices and steep interest rates, says Cox Automotive.

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Used Cars Car Retail Automotive 97

Auto Remarketing

FEBRUARY 16, 2024

It was good news, bad news for the retail used-car market in January. Used-car demand fell over 7% from January 2023, but was up almost 14% from December. And both supply of and demand for used EVs is rising, and prices are softening. Used-car demand fell 7.6% Used prices dropped 2.9%

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Used Cars Retail Car Vehicle 105

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. Power said in data released Thursday that used-car prices have averaged $28,470 this month. Prices were down 0.3%

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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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Used Cars Car Vehicle Automotive Marketing 97

Autoblog: Repairs

SEPTEMBER 8, 2024

A while back, one automaker ran commercials saying something like, “The best new cars make the best used cars.” Consumer Reports recently put that thinking to the test with an evaluation of the brands and models that make the best used purchases , and there are few surprises with the top brands.

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Used Cars Car Engineering Vehicle 94