Auto Remarketing

MAY 7, 2024

was the lowest it has been since March 2021, when it came in at 195.4, The post Used-car values down 14% as Manheim index hits lowest level since March 2021 appeared first on Auto Remarketing. The company said in a Data Point report accompanying the index that wholesale vehicle prices were down 14.0% year-over-year and 2.3%

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Auto Remarketing

SEPTEMBER 30, 2024

one autumn day in 2021. TO READ THE FULL STORY BECOME A MEMBER Login The post Used-car retailer CEOs: Widespread EV adoption will take time, effort appeared first on Auto Remarketing. Doug Campbell, then the senior vice president and head of fleet services for the Americas at Avis Budget Group, got a call at 4:30 a.m.

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Autoblog: Repairs

AUGUST 14, 2024

Vehicle prices continued a downward trend in July — the most of any major category in the Consumer Price Index (CPI) over the last year as the car market continues its return to "normal" following pandemic-fueled inflation. Used car prices fell 2.3% New car prices fell 0.2% New car prices fell 0.2% in July and 1.4%

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AutoSuccess

FEBRUARY 15, 2024

Dealerships in 2024 will continue to face used car sourcing challenges. I recently read an article that netted the issue: “Dealers navigating a used-vehicle market that already allows little room for error are eyeing another obstacle: worsening used-car availability.”

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Auto Remarketing

JANUARY 18, 2024

Same goes for the used-car market, it seems. Despite a slowdown from the prior month and the heights reached in the summer, used-car sales in December capped what ended up being a pretty solid year, according to Cox Automotive. In fact, used-car sales (overall and retail) fell sequentially in both November and December.

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Auto Remarketing

APRIL 9, 2025

A surge in wholesale used vehicle prices in the past two weeks signals the beginning of what could be a wild and unpredictable year of ups and downs in the market. That was the strongest move we had seen going back to spring of 2021, he said. Hold on tight, folks. Its going to be a bumpy ride. to as much as 2.8% by the end of the year.

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Auto Remarketing

MAY 28, 2025

Perhaps you could make an argument that the used-car market is almost as healthy as it can be for both auctions and dealerships based on two trends highlighted by Black Book in its latest installment of Market Insights. And the only time this retail estimate has been lower was in July 2021, according to Black Books report.

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Auto Remarketing

OCTOBER 20, 2023

Several market dynamics are currently in motion creating an opportune moment to buy wholesale used vehicles. However, there are a few things you should know to have a better chance of success when it comes to sourcing and managing your used vehicle inventory. The right car always includes your core inventory that sells well.

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Auto Remarketing

FEBRUARY 1, 2024

While the groundhog hasn’t delivered his forecast yet, it seems spring might be on the way in the wholesale car market. Used-vehicle prices were down again as January ended, but the pace of depreciation is decelerating, according to the latest report from Black Book. In turn, that is helping to drive down the cost of used cars.”

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AutoSuccess

APRIL 11, 2025

Rethinking Profitability in a Changing Market Most dealers operate in a reactive cycle buying cars to replace those sold without a clear strategy beyond basic profitability. Why Reconditioning Matters More Than Ever The used car market has undergone significant shifts. Gross profit: $2,000.

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Auto Remarketing

JANUARY 29, 2024

That includes a “normal seasonal trend” when it comes to depreciation in the wholesale vehicle market, along with “modest growth trajectory” in the new-car segment, Black Book said in a report Monday. This is likely to change the age distribution of used-car supply. On the new-car side, Black Book is anticipating roughly 15.8

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Auto Remarketing

JANUARY 17, 2024

Just like in 2022 and 2021. The Model 3 continued its dominance over the sector in the online used-car retailer’s annual list of its 10 best-selling EVs. We are focused on building selection across all price points to make used EVs as accessible as possible to all interested customers.” The Tesla Model 3 was the No.

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Automotive Fleet

JUNE 13, 2025

Used vehicles had 43 days’ supply at the start of June, down one day from the upwardly revised level at the beginning of May and down two days compared to the same period last year. Days’ supply continues to be constrained, reaching its lowest level for this time of year since 2021 and three days below levels seen in 2019.

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AutoSuccess

APRIL 19, 2024

The vehicle was purchased by Andrew and Angela DeLeo of Manheim Used Car Factory. Manheim Pennsylvania hosted its annual Xtreme Spring Sale event from March 19-22, bringing its legendary excitement and energy to the lanes and raising money for Aaron’s Acres.

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Auto Remarketing

OCTOBER 24, 2023

Used Car Week is returning to Scottsdale, Ariz., Used Car Week combines six different tracks in an effort to unite all corners of the used-car industry from the auction lanes to the dealer lot to the investment world and beyond. That said, time is money these days. No one, nothing was immune.

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Auto Remarketing

OCTOBER 11, 2024

The car-buying public has a message for the used-car industry, and it’s this: We don’t want to pay too much for a vehicle. That message was clearly conveyed in CarGurus’ latest Quarterly Review, which found sales of lower-priced used cars rising and high-end vehicle sales falling. “As

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AutoSuccess

DECEMBER 13, 2024

“We saw a surge in the outlook, technically the largest surge we have had quarterly in the history of the data, and it gets us back to Q2 2022 levels,” noted Smoke. “It is the best fourth quarter since 2021, which was the most profitable quarter in dealer history.” Views of the U.S. is affecting their business.

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Auto Remarketing

JULY 2, 2024

Cox Automotive recapped a data point that’s of particular interest to used-car managers, noting that Tesla prices plummeted from $62,269 in January 2023 to $50,099 in December 2023, a decline of 19.5%. from Q2 2021. Let’s get into the numbers shared by Tesla as well as Cox Automotive and Edmunds. market,” Caldwell said. “The

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AutoSuccess

MARCH 19, 2024

After peaking at 60 in 2021, the profitability index has continued to decrease, hitting a post-pandemic low for the second straight quarter in Q1, indicating most dealers see profits as weak, not strong. auto dealers, the current sales environment for new and used vehicles has improved over last quarter but remains lower year over year.

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Auto Remarketing

JUNE 12, 2024

Likewise, independents’ 38 score for the used-car sales environment (up from 36 in Q1) was far worse than the franchises’ hopeful index of 54. Still, Smoke said, hidden in the overall dealer pessimism are some positive signs, notably the profit index, which, while it only reached 36 overall, rose for the first time since Q3 2021.

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AutoSuccess

JUNE 11, 2024

The profit index, for example, increased for the first time since Q3 2021. With moderate incentives since 2021, dealers consistently describe their current OEM new-vehicle incentives as small. Conversely, the used-vehicle sales index remains under the 50 threshold, indicating a weak market. 4) and Credit Availability (No.

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autoevolution

DECEMBER 25, 2023

The 2024 model is still listed on the official website next to the lesser derivatives, yet this story isn't dedicated to a brand-new copy but to a used one. The Ram 1500 TRX is on its dying bed, as the automaker has decided it to send it off with the Final Edition. What we ha. continue reading. )

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Auto Remarketing

JANUARY 21, 2025

But when it comes to used-car inventory, though, the outlook is bearish. While the reduced production and inventory shortages of the COVID pandemic are long in the rearview mirror for the new-car sector, as Cox senior economist Charlie Chesbrough said, those issues are now front and center in the used-car industry.

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Jalopnik

JUNE 18, 2025

These days it starts at a little over $70,000, which still isnt bad at all, and you can probably pick up a high-mileage used version for like half that (or maybe less), right? And yet, if you want a used C8 with a clean title, $55,000 or so is about as cheap as it gets for now. Dont pretend you dont still wish you could get a cheap C8.

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Auto Remarketing

JULY 23, 2024

Perhaps of most interest to used-car managers, Edmunds said that its data through June showed 51% of all Teslas traded in to a dealership went toward a purchase or lease of a new ICE vehicle. That’s the lowest reading in Edmunds’ data set that went back to 2019. It does not include direct-to-consumer sales. from $58,487 in June 2023.

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