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Report shows Q1 used-car retail prices calm before a potential storm

Auto Remarketing

As the first quarter of 2025 ended, all was calm for used-vehicle retail prices. in Q1 to an average of $28,497, a decline driven in part by the diminishing supply of higher-priced late-model vehicles as the COVID gap moves through the used market. in Q1, led by vehicles in the $20,000-$49,000 range, which average 3.8

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The True Profit Potential of Reconditioning

AutoSuccess

The reality is, the biggest profit potential isnt just in selling vehicles its in reconditioning them strategically. With new vehicle production shortages from 2020 and 2021, fewer prime retail units are available, forcing more consumers into older, more affordable vehicles. Gross profit: $2,000.

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

Auto Remarketing

This week, CarGurus released its 2025 Mid-Year Auto Market Review, highlighting five primary points, including the impact of tariff uncertainty, shifting inventory dynamics and evolving consumer preferences on the new- and used-vehicle market. These pressures have amplified what car shoppers demand most: affordability and efficiency.

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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). The new-vehicle inventory index peaked at 75 in Q1 2024.

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Wholesale Tire is Built on Family, but Powered by Community

Tire Review Magazine

Wholesale Tire boasts a sales mix of 95% tires and 5% vehicle service. Of its tire sales, 90% is retail, with the remaining 10% wholesale to area car dealerships. Wholesale Tire boasts a sales mix of 95% tires and 5% vehicle service. This choice reflects the shops goal to perform tire replacements and repairs only.

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Short supply of used cars a big issue in otherwise rosy 2025 outlook

Auto Remarketing

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. New-car sales dropped considerably in 2020, 21 and 22, and those vehicles, which are right in the used-car sweet spot of 3-5 years old, are in short supply.

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Manheim Announces New Regional Vice President, Promotes 7 General Managers

AutoSuccess

Decker was named general manager for the Manheim Arizona Market Center in 2020, which includes Manheim Phoenix and Manheim Tucson. Butch Herdegen, general manager, Manheim Atlanta Market Center: Herdegen joined Manheims Vehicle Entry team in 2006 and went on to serve as a dealer services manager in 2009.