Auto Service World

OCTOBER 11, 2024

According to a recent report by automotive aftermarket data specialists Lang Marketing, online parts sales increased by 50 per cent between 2019 and 2023 bringing the market to USD$35 billion. Canada’s online share of overall retail sales was around 12 per cent in 2024, based on data from eMarketer.

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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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autoevolution

DECEMBER 6, 2023

Sergio Marchionne famously said that Fiat Chrysler Automobiles lost a staggering $14,000 every time someone bought one, which is a staggering amount of money for a pint-sized electric vehicle that used to retail at $32,500. continue reading. )

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Automobile Retail Electric Vehicles Electricity 93

Automotive Fleet

SEPTEMBER 6, 2023

fleet sales for August were strong and reached levels for the month not seen since 2019.

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Retail 52

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. year-over-year.

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Used Cars Car Retail Automobile 116

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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Automotive Fleet

JUNE 6, 2025

The used retail days’ supply remains down 5% compared to last year’s levels, which is seasonally tighter than normal, as wholesale days’ supply at Manheim is also down 5%, Robb said. between 2014 and 2019, indicating depreciation trends were slightly lower than normally seen. A used vehicle’s average retail listing price decreased 0.5%

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AutoSuccess

APRIL 17, 2025

“Used retail demand remained strong throughout March, with days’ supply ending at low levels, driving healthy activity at Manheim. Late in March, used retail inventory trended lower. between 2014 and 2019. However, they are five-tenths of a point lower than 2019 levels for the same period. It fell to 2.15

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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. That’s up 80 basis points year-over-year , according to data collected via Dealertrack.

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Vehicle Retail Finance Used Cars 105

Automotive Fleet

JUNE 13, 2025

Related News: Wholesale Used-Vehicle Prices Decrease in May The retail used-vehicle sales pace was steady month over month in the most recent 30-day period. Used retail were at 1.53 Following the run-up in March and the subsequent slowdown in April, used retail sales appear to be holding steady for now.

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Vehicle Retail Media Trucking 52

Auto Remarketing

SEPTEMBER 6, 2024

The CarGurus Used Vehicle Demand Index, based on monthly vehicle departures per dealer with 100 equaling the level in November 2019, came in at 118.1, That’s helping drive retail prices down, with the August average of $50,100 down from the 2023 average of $52,000. year-over-year increase. So where are prices going? Up, of course.

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Auto Remarketing

JUNE 3, 2025

According to a news release from AAA, thats the lowest percentage recorded of EV interest since 2019. What does it all mean for dealerships with plenty EVs to retail? Power , results from AAAs latest survey released on Tuesday indicated that only 16% of U.S. cents per kilowatt hour (kWh). The percentage of U.S.

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Electric Vehicles Electricity Finance Retail 52

AutoSuccess

FEBRUARY 11, 2025

1 in new Kia retail sales in the nation. 22 retail sales volume Honda dealer in the nation. Car Pros Honda El Monte, which has been part of the Car Pros Automotive Group since 2019, added to its 2024 sales success with its second consecutive Honda Masters Circle Award from American Honda Motor Co.,

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Customer Service Car Retail Automotive 52

Auto Remarketing

MARCH 31, 2025

The report showed last year was the fourth-busiest in auto retail M&A history, with 510 rooftops changing hands. million in 2024, down 14% from the previous year but 122% more than the last pre-COVID year of 2019. million roughly doubling that of 2019. auto retail sector.

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Retail Vehicle IT 52

Tire Review Magazine

DECEMBER 11, 2024

At Best-One of Indy, we strive to not only know your car, but we also want to know our customers and their family, says Nick Howe, vice president of retail at Best-One of Indy. One year later, the company expanded into the tire and auto service retail business, and Indy Truck Tire Centers name was changed to Indy Tire Centers.

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IT Retail Customer Service Management 96

AutoSuccess

FEBRUARY 14, 2025

The auto finance and retail industries continued to embrace the adoption of digital documentation and back-office strategies toward the end of 2024. increase from 2023 and the highest level since 2019. This upward trend underscores the industry’s growing commitment to moving away from paper-based processes.

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Retail Finance Auto Market Management 40

AutoSuccess

MAY 6, 2025

Dealership Achieves Unprecedented Growth Car Pros Honda El Monte joined Car Pros Automotive Group in 2019. 4 retail automaker in America thanks in no small part to our incredible dealer partners who build lifelong relationships with our customers. 1 in new Kia retail sales nationwide. Honda is the no. and the no.

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Car Retail Customer Service Automotive 52

Auto Remarketing

MAY 15, 2024

Edmunds director of insights Ivan Drury highlighted multiple tailwinds that could help the retailing of used cars. But not every single part of the used-car retailing scene is rosy. Edmunds’ data showed average transaction prices for used cars retailed in Q1 came in at $27,113. years in Q1 2024, compared to 7.9

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Auto Remarketing

OCTOBER 22, 2024

And Cox Automotive reported last week that overall new-vehicle days’ supply stood at 81 at the start of October, just one day more than the 80 days analysts noticed October 2019. Well, Black Book said on Tuesday that the estimated used retail days to turn is now at roughly 57 days. What might happen next in wholesale and retail? “As

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Trucking Retail Automotive Used Cars 98

Tomorrow's Technician

JANUARY 2, 2024

In 2017 he was promoted to director of marketing, and in 2019 promoted to vice president of sales and marketing. “We where he was responsible for several major retail accounts as well as servicing all accounts in the Caribbean market. Prior to joining the Alliance, Washbish was an account executive with Niterra North America, Inc.

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Brake & Front End

JANUARY 2, 2024

In 2017 he was promoted to director of marketing, and in 2019 promoted to vice president of sales and marketing. “We where he was responsible for several major retail accounts as well as servicing all accounts in the Caribbean market. Prior to joining the Alliance, Washbish was an account executive with Niterra North America, Inc.

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Auto Remarketing

OCTOBER 10, 2024

Retail used days’ supply remains at lower levels than the last few years, and off-lease maturities will continue to decline,” Robb said. Overall prices were down 0.30%, compared to a 0.19% decline the prior week but less steep than the 0.44% average decline for the same weeks of 2017-2019.

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Vehicle Retail Automotive IT 98

autoevolution

MARCH 22, 2024

Whether it’s a Jag or an Aston, the second it’s no longer a low-mileage example, you can basically kiss nearly 50% of its retail value goodbye. Depreciation is a nasty thing, especially if you’re looking to sell a non-limited edition British sports car or even a super car. continue reading. )

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Retail Car IT 40

autoevolution

MARCH 23, 2024

Presented in 2019 but rumored ever since 2012, the Tesla Cybertruck has finally become available for retail clients starting in late 2023. continue reading. )

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Auto Remarketing

FEBRUARY 26, 2024

million new retail vehicle registrations in the U.S. during 2023 to determine the results, said both retail sales and loyalty were up year-over-year. Steady increases in inventory levels yielded a positive impact to industry loyalty levels for the first time since 2019, according to the company’s analysis. the previous year.

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Automotive Utilities Retail Manufacturing 98

AutoSuccess

JANUARY 16, 2025

Our priority is ensuring the safety and well-being of our team members, retailers and community partners. The donation is part of Kias Accelerate the Good program, which has provided over $30 million in community support since 2019. Beyond direct aid, Kia is also offering: Financial hardship support for impacted customers.

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Automotive Retail IT 52

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.” Their appraisal did not notice these resets.

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Used Cars Management Retail Vehicle 93

AutoSuccess

NOVEMBER 13, 2023

Ninety percent of automotive retailers are getting serious about their dealership cybersecurity plans, yet they are still succumbing to data breaches at an alarming rate, according to a recent study by CDK Global , a leading automotive retail software provider.

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Retail Utilities Software Management 52

Auto Remarketing

MARCH 27, 2024

The Q4 Haig Report , which tracks trends in auto retail and their impacts on dealership values, showed 528 dealerships changed hands in 2023 — the third-highest annual volume on record, but down from a record 707 in 2021 and 566 in 2022. Haig expects public retailers to continue aggressively acquiring dealerships in 2024.

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Retail Vehicle IT 59

Tire Review Magazine

JANUARY 15, 2024

In this expanded role, the Alliance said Schaus will focus on member sales efforts including national service retail chain accounts and the Auto Value, Bumper to Bumper and Confidence Plus Certified Service Centers (CSC) program. The Aftermarket Auto Parts Alliance promoted Kendall Schaus to field sales manager, effective Jan.

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Management Retail Automotive Marketing Automotive 52

Tire Review Magazine

JANUARY 15, 2024

In this expanded role, the Alliance said Schaus will focus on member sales efforts including national service retail chain accounts and the Auto Value, Bumper to Bumper and Confidence Plus Certified Service Centers (CSC) program. The Aftermarket Auto Parts Alliance promoted Kendall Schaus to field sales manager, effective Jan.

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Management Retail Automotive Marketing Automotive 52

Auto Remarketing

SEPTEMBER 3, 2024

dealership buy-sells with some 500 stores sold, which he said would be 49% higher than the average number from 2016-2019. “We We are leaving a period in auto retail in which conditions were almost too good to be true,” Alan Haig said. Just like profits at auto retail, however, we are beginning to see a slight slowdown in buy-sells.”

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Retail Vehicle IT 59

AutoSuccess

OCTOBER 16, 2023

As the industry moves paper contracts aside for the convenience, accuracy and speed that only digital processes can bring, this enhanced integration further validates the two companies’ commitment to improving the automotive retail experience for all.

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Retail Automotive Software Vehicle 52

Auto Remarketing

OCTOBER 20, 2023

Be an active buyer The disparity between wholesale and retail values is quite significant. To see where this stands on an ongoing basis review Black Book data, specifically the weekly Market Insight report, wholesale price graphs, and the retail listings weekly price index. In 2019, 49.3% Now is a great time to buy.

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Used Cars Management Car Retail 52

AutoSuccess

JULY 31, 2024

The survey offers a candid, on-the-ground view of auto retail’s opportunities and challenges in the near and medium term,” said Erin Kerrigan, founder and managing director of Kerrigan Advisors. The results underscore the continuing evolution of the auto retail marketplace, particularly regarding the demand challenges associated with EVs.

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Retail Vehicle Automotive Electric Vehicles 52

Tomorrow's Technician

APRIL 29, 2024

But, these companies or retailers selling the pads usually make an effort to put their name somewhere on the pad. The N19 at the end indicates it N copper levels and was made in 2019. But, it was in a box from Advance Auto Parts, which brings up another point. Many brake pad brands are not manufactured by the name that is on the box.

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Manufacturing Retail Automotive Vehicle 100

Auto Remarketing

JANUARY 9, 2024

Wholesale prices were up close to 33% from December 2019, Cox said, but have slowed 21% since the December 2021 peak. “We Both wholesale and retail markets have moved “more toward equilibrium,” the company said. Cox Automotive’s Manheim Used Vehicle Value Index fell 7.0% year-over-year in December and dropped 0.5%

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