Remove 2019 Remove Automotive Remove Used Cars
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How a lack of off-lease vehicle is hurting the used market

Auto Service World

The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market. This trend is expected to persist through 2027, according to DesRosiers Automotive Consultants. Off-lease vehicles are a key source of product for the used car market.

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Unlock 40% of Your Market’s Used Cars

AutoSuccess

New data from Cox Automotive, NADA, BCG and others confirm the wholesale-auction model no longer pencils for most franchised dealers. Dealers have reacted fast: auction sourcing has fallen from a significant share of inventory in 2019 to a smaller share in 2023, while “off-street” private-party acquisition (PPA) has grown substantially.

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Here's How Much Used Car Prices Have Gone Up This Year

Jalopnik

Although the year began with declines in the average used car price, the trend quickly shifted. According to the CarGurus Used Car Price Index , which tracks millions of used car prices, prices drifted down from December to February. overall, since the start of the year.

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Car Pros Honda El Monte: A Top Honda Dealership U.S. 2024 Award

AutoSuccess

Car Pros Automotive Group announced that Car Pros Honda El Monte earned the Sales Circle of Excellence Award from American Honda Motor Company for the third year in a row. Car Pros Honda El Monte earned the distinction of being a top Honda dealership in the U.S. based on 2024 new vehicle sales volume.

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Used Vehicle Inventory, Sales, Supply, Prices Holding Steady

Automotive Fleet

Graphic: Cox Automotive Used-vehicle inventory levels at the start of June dropped slightly month over month , but inventory was relatively flat compared to early June 2024, according to a Cox Automotive analysis of vAuto Live Market View data released June 13. stood at 2.21 million units, down from 2.22

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Car Pros Dealerships Recognized for Sales, Customer Service

AutoSuccess

Car Pros Automotive Group announced that 2024 was another year of sales leadership and customer service excellence for its dealerships. For the fifth consecutive year, Car Pros Kia Glendale ranked no. MINI ofDowntown Los Angeles, which Car Pros acquired in 2023, secured the no. 1 in new Kia retail sales in the nation.

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Tesla, Chrysler, and Dodge Are the Least Reliable Used Car Brands

autoevolution

Tesla and Stellantis made the cars with the most problems between 2014 and 2019, according to data compiled by Consumer Reports. As you might probably expect, the most reliable cars from that period all wear Japanese automotive logos. Here's what the nonprofit organization uncovered.

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