2022, Electricity and Used Cars - Auto Repair Digest

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

Auto Remarketing

APRIL 16, 2025

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

Used Cars Car Electric Vehicles Vehicle

Cars Commerce’s new look at used-car market tells an old story

Auto Remarketing

SEPTEMBER 20, 2024

As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up 2.3% from August 2022.

Used Cars

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Utah Dealer Won't Sell 2023 Lucid Air Touring for $59,000, Elon Musk Must Be Loving This

autoevolution

MAY 22, 2024

Prices for the Lucid Air electric sedan are in freefall on the used car market, and while it shouldn’t reflect poorly on the model itself, it goes to show just where we are as an industry in terms of second-hand EVs. It’s a reality that both private parties and dealerships should accept.

Used Cars

Used Cars Electricity Car IT

CARFAX updates flood-damage estimates following Hurricane Milton

Auto Remarketing

OCTOBER 23, 2024

In 2022, Hurricane Ian damaged upwards of 358,000 vehicles throughout several states, according to CARFAX. Those interested in buying a used car can check carfax.com/flood to access the CARFAX Flood Check tool. The company also urged car buyers to have a trusted mechanic inspect the vehicle and also take it for a test drive.

Mechanic

Mechanic Used Cars Vehicle Electricity

Used EV prices drop further than overall market, but are slow to sell

Auto Remarketing

NOVEMBER 29, 2023

Moreover, the latest CARFAX Used Car Price Index shows that those declines continued “across the board” in November. But the price drops for used electric vehicles (and to a lesser extent, hybrids) have been far more extensive, approaching 34%, the iSeeCars data shows. For hybrids, used prices fell 9.6% to $31,511.

Used Cars

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March brings surge of inventory, falling prices, Cars Commerce report finds

Auto Remarketing

APRIL 12, 2024

At the same time, used-car prices plummeted 5.1% March’s data shows the new- and used-car markets are adjusting,” the Cars Commerce analysis said, “with new-car prices continuing to drop and used-car prices hitting their lowest point in years, signaling a move toward more typical pricing.”

Car

Car Used Cars Electric Vehicles Vehicle

Used EV selection increases, prices decline

Auto Remarketing

MAY 8, 2024

Affordability and availability of used electric vehicles is improving, and in some cases, so are sales. Over 4% of Carvana’s sales in the first quarter were battery-electric vehicles, more than doubling their share of sales from Q1 2023, according to a study released Wednesday by the online used-car retailer.

Electric Vehicles

Electric Vehicles Used Cars Vehicle Retail

Spring Optimism Boosts U.S. Automobile Dealer Sentiment

AutoSuccess

MARCH 14, 2025

” Market Outlook Reaches Highest Score Since 2022 The market outlook index improved in Q1, rising for the second consecutive quarter to 58, its highest score since 2022. The mix of used-vehicle inventory at the time of the survey was good, according to both franchised and independent dealers. Dealer Sentiment on U.S.

Automobile

Automobile Electric Vehicles Insurance Automotive

Alt-fuel vehicles don’t necessarily have to break the bank

Auto Remarketing

MAY 1, 2024

A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. And that assumption isn’t entirely wrong — it might be fair on some models, particularly electrics. In fact, used hybrids may be a better deal than gas vehicles in terms of average overall cost-effectiveness.

Banking

Banking Vehicle Alternative Fuels Electric Vehicles

Tesla Model 3 retains its spot atop Carvana’s list of best-selling used EVs

Auto Remarketing

JANUARY 17, 2024

1 electric vehicle choice among Carvana’s customers in 2023. 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. Carvana said it sold 57 makes and models of EVs last year, 29% more than in 2022. “We

IT

IT Electric Vehicles Used Cars Electricity

Dealers Are Refusing Toyota Tundra Trade-Ins Over Engine Recall

Jalopnik

JUNE 13, 2024

We found out wh y Toyota’s twin-turbo V6s have been grenadeing themselves in 2022-2023 Tundras and Lexus LXs earlier this month, but there’s still no real fix for the issue. Now it seems car dealers are staying away from the once bullet-proof trucks. Read more.

Engineering

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

Auto Remarketing

JANUARY 29, 2024

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.

Electric Vehicles

Electric Vehicles Electricity Vehicle Electric Cars

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

AutoSuccess

MARCH 19, 2024

For franchised dealers, the profitability index has declined significantly from the first half of 2022, when the index was near a record high and above 80. 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.

Automotive

Automotive Vehicle Automobile Electric Vehicles

F&I 2024 Dealer Outlook: How Online Options Will Help Dealers Better Serve Customers

AutoSuccess

FEBRUARY 27, 2024

After a difficult sales environment in 2022, the automotive industry has experienced a noticeable recovery in 2023. These types of issues may make consumers think twice before investing in new and used vehicle models when car shopping.

Retail

Retail Electric Vehicles Vehicle Electricity

Cox survey finds dealer sentiment stable – at a pessimistic level

Auto Remarketing

JUNE 12, 2024

The index for the second quarter of 2024 was virtually unchanged from the previous quarter and has varied little since falling below 50 in late 2022 — but that level indicates a prevailing perception of a weak market. Of course, that’s not necessarily a good thing. Independent dealers’ score fell from 42 to 40.

Automotive

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Dealers’ Optimism on Rise, says Cox Q4 2024 Dealer Sentiment Index

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. Both franchised and independent dealers noted higher profitability compared to Q3, but the index score remains well below levels seen in 2021 and 2022.

Automobile

Automobile Auto Market Retail Automotive

Micro-leases, subscriptions, long-term rentals, whatever you call it, will it become a third ‘sales’ channel?

Auto Remarketing

OCTOBER 6, 2023

I was listening to a panel discussion with some very esteemed automotive economists recently, and in discussing the prospects of electric vehicle sales growth in the United States, a shocking, though true, fact was agreed to by all. And developments suggest that a larger presence in U.S. dealerships will be coming soon.

IT

IT Retail Transportation Automotive

U.S. Automobile Dealer Sentiment: Dealers Remain Pessimistic, Cautious

AutoSuccess

JUNE 11, 2024

The last time current market sentiment was above 50 — suggesting the market was strong, not weak — was Q2 2022. The cost index in Q2 is at a record high, matching the peak in Q2 2022. Electric Vehicle Sales Sentiment Remains Weak Sentiment about electric vehicle (EV) sales fell to a new low in Q2.

Automobile

Automobile Automotive Vehicle Retail

Edmunds on Tesla trades & other parts of current EV market

Auto Remarketing

JULY 23, 2024

Edmunds shared a wide array of electric-vehicle information on Tuesday, including insights about trade-in activities at dealerships involving a Tesla. 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.

Electric Vehicles

Electric Vehicles Vehicle Electricity Used Cars

Auto Repair Digest

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

Cars Commerce’s new look at used-car market tells an old story

Trending Sources

Utah Dealer Won't Sell 2023 Lucid Air Touring for $59,000, Elon Musk Must Be Loving This

CARFAX updates flood-damage estimates following Hurricane Milton

Used EV prices drop further than overall market, but are slow to sell

March brings surge of inventory, falling prices, Cars Commerce report finds

Used EV selection increases, prices decline

Spring Optimism Boosts U.S. Automobile Dealer Sentiment

Alt-fuel vehicles don’t necessarily have to break the bank

Tesla Model 3 retains its spot atop Carvana’s list of best-selling used EVs

Dealers Are Refusing Toyota Tundra Trade-Ins Over Engine Recall

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

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

F&I 2024 Dealer Outlook: How Online Options Will Help Dealers Better Serve Customers

Cox survey finds dealer sentiment stable – at a pessimistic level

Dealers’ Optimism on Rise, says Cox Q4 2024 Dealer Sentiment Index

Micro-leases, subscriptions, long-term rentals, whatever you call it, will it become a third ‘sales’ channel?

U.S. Automobile Dealer Sentiment: Dealers Remain Pessimistic, Cautious

Edmunds on Tesla trades & other parts of current EV market

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