AutoSuccess

APRIL 11, 2025

Why Reconditioning Matters More Than Ever The used car market has undergone significant shifts. With new vehicle production shortages from 2020 and 2021, fewer prime retail units are available, forcing more consumers into older, more affordable vehicles.

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Auto Remarketing

OCTOBER 6, 2023

The wholesale used-vehicle market ended the third quarter with some stability, but the duration of that steadiness likely hinges on how the United Auto Workers strike unfolds. As one analyst put it, the used-car market has reached a “crossroads.” Black Book’s Used Vehicle Retention Index for September came in at 159.3,

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Auto Remarketing

SEPTEMBER 15, 2023

My view is inventory levels, at least for a not too extended strike, are probably adequate to keep things going on the new-car front. On the used-car front, it’s a positive because for the very same reasons that I said the chip shortage was a positive used-car values, but maybe led to exorbitantly high values for a period of time. “To

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Auto Remarketing

APRIL 10, 2024

First, we need to look at our “short-term gain” decisions we made back in 2020. New cars were at a premium that year, and many dealers decided to “make hay while the sun shines” so, according to NADA, as a result, the new per-vehicle gross profit by 22% nationally. Meanwhile, used-car values are trending down.

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Used Cars Retail Vehicle Car 52

Auto Remarketing

AUGUST 7, 2024

Starting with Black Book, its Used Vehicle Retention Index came in at 145.0 higher than the final pre-pandemic reading March 2020, however. “In Meanwhile, Cox Automotive’s Manheim Used Vehicle Value Index came in at 201.6 for July, which was down 1.1% month-over-month and off 15.2% from July 2023. for July, which was up 2.8%

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Auto Remarketing

AUGUST 14, 2024

In sales, supply and demand added up to charging premiums above and beyond the suggested retail price on new models, and a 20% to 30% increase in used car pricing. The national labor rate, according to NADA Year End 2020, was $120 an hour; by year-end 2023, it was $173. In service, it meant bumping up the labor rate.

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AutoSuccess

MARCH 19, 2024

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.

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Auto Remarketing

JANUARY 21, 2025

The arrows are pointing up for almost all aspects of the auto retail industry in 2025 with one notable exception. The supply of used vehicles. But when it comes to used-car inventory, though, the outlook is bearish. And that is a key segment in the used market.

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