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Used-cars’ first year-over-year price rise in 2½ years could be just the beginning

Auto Remarketing

iSeeCars is seeing something it hasnt seen in more than two years: rising used-car prices. The automotive search engine and research website said its latest study showed the average used-vehicle listing price in March was up 1% from March 2024, the first year-over-year increase since October 2022.

Used Cars 103
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Study names Honda Fit the most reliable used car for the money

Auto Remarketing

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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Now Is A Really Good Time To Get A Deal On A Used Car

Jalopnik

The used car market has been an up-and-down mess since at least 2020, with reduced new car inventory pushing more buyers into pre-owned purchases , which reduced the revolving supply of trade-ins. This perfect storm of pandemic-induced chip-shortage used car inflation appears to finally be subsiding.

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Used-inventory trends top CarGurus’ 2025 Mid-Year Auto Market Review

Auto Remarketing

Among those top findings, CarGurus indicated used inventory has reached multi-year highs, but value has been redefined. For shoppers in the market for a used car costing less than $20,000, analysts acknowledged options are increasingly older and higher mileage.

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Spring Optimism Boosts U.S. Automobile Dealer Sentiment

AutoSuccess

This is just one point above the all-time low of 33 in Q1 2024 (excluding Q2 2020 during the pandemic) and has been weak for over two years. For franchised dealers, the profit index declined from 45 in Q4 to 41 in Q1, matching the low score set one year ago (excluding Q2 2020). Expectations for the electric vehicle market rose in Q1.

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COMMENTARY: Plug-in hybrids can serve vital role in electrification

Auto Remarketing

The transition to electric vehicles is currently generating millions of pixels. The once seemingly smooth path to an all-electric future is now strewn with some unexpected potholes, but one vehicle type in the current mix deserves some added attention. Weighted averages demonstrate the steep declines.

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U.S. Auto Dealer Sentiment Improves in Q1, Market View Remains Weak

AutoSuccess

At 33, the profitability index fell to its second-lowest score ever, behind only Q2 2020, at the height of the COVID-19 pandemic. Beginning in the second half of 2022, the index has dropped significantly and, in Q1 2024, hit 41 – the lowest point in the survey’s history excluding Q2 2020. “The vehicle market in the U.S.