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Is now the right time for used-car shoppers to strike? There was some year-over-year easing in retail used-car prices last month, according to the latest CARFAX UsedCar Index report , which showed declines in six of the seven segments included in its analysis. month-over-month, prices for cars fell 0.9%.
As the first quarter of 2025 ended, all was calm for used-vehicle retail prices. But, Cars Commerce reported in its Q1 2025 Auto Market Review , that might have been the calm before the storm. An early indication might have come in the form of used-vehicle trade-in values, which in March rose 1.9% year-over-year.
How Dennis Dillon Auto Group Built a Winning Private-Party Buying Program Most car dealers think the best used vehicles are found at auctions. We talked with their usedcar manager, Bryan Bough, about their private-party buying program. Realizing that tools exist today that allow them to buy like theyre in 2025 not 1995.
Although the year began with declines in the average usedcar price, the trend quickly shifted. According to the CarGurus UsedCar Price Index , which tracks millions of usedcar prices, prices drifted down from December to February. overall, since the start of the year.
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.
Usedcar prices are rising. For most usedcars, anyway. million usedcars showed the Model S one of four Teslas on the list lost an average of 17.2% million usedcars showed the Model S one of four Teslas on the list lost an average of 17.2% The analysis of the retail prices of 1.4
New-car inventory is falling while prices are elevated and likely to rise more as the tariff era continues. And that’s good news for the used-car sector. The used-vehicle sector is continuing to benefit from the turbulence in the new-vehicle marketplace,” ZeroSum vice president of dealer success Josh Stoll said.
But the supply of vehicle inventory, already an issue in the used-car sector, looms as a factor in both the short and long term. TO READ THE FULL STORY BECOME A MEMBER Login The post Tariffs expected to take a toll on used-car supply now and later appeared first on Auto Remarketing.
There’s “snow” rest for the weary in the car business. Plus, Von Busch goes into detail about Experian’s special report on the used-car market. Listen to the conversation in the window below.
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.
While still high, prices for used vehicles trended downward over the last year. AutoTrader reported that January 2025 prices for used vehicles hit $36,899, down 5.7 The used vehicle market in 2024 was a rollercoaster, influenced by a mix of factors, according to DesRosiers Automotive Consultants. per cent year-over-year.
Like an accent or dialect, the used-car market can vary depending on where you (or yall or yinz) are in the U.S. And CARFAX is accounting for this patchwork of market dialects, so to speak, by adding in regional breakdowns to its monthly index of retail used-car prices. year-over-year, while cars were up 0.6%
However, we now have another study that proves these cars are the best shot anyone has at losing money with automobiles. Conducted by iSeeCars, it analyzed the prices of "800,000 5-year-old usedcars sold from March 2024 to February 2025 to determine 5-year depreciation rates." continue reading. )
Repair OnDemand announces the launch of five upcoming enhancements to their reconditioning management system, Repair360, at NADA 2025. Were seeing profit margins shrinking again as we head into 2025 and one way to combat thin margins is to become brilliant at the basics.
The year started off with expectations there might be a return to normal in the used-car market. Well, that doesnt exactly appear to be the case one month into 2025. At Black Book, the Used Vehicle Retention Index came in at 146.3 At Black Book, the Used Vehicle Retention Index came in at 146.3 last month, down 1.2%
More than 76% of Americans usecars to commute today. To meet the consumer demand, car dealerships must efficiently manage their inventory. American car dealerships need to move cars between locations to sell them. While shipping a car is not difficult, it comes with some risks and costs.
Looking for an affordable usedcar? The latest research from iSeeCars shows used EV prices fell 15.1% million usedcars sold from February 2024 to February 2025 found the average price of 1- to 5-year-old used vehicles have stabilized, down less than 1.5% You might want to go electric.
It’s no secret that dealers are facing a complex set of challenges when sourcing usedcar inventory. While supply constraints have been a major focus, it’s also important to consider how demand dynamics are influencing the usedcar market and complicating dealerships’ ability to source inventory effectively.
Similarly, a sudden drop in usedcar prices from post-COVID highs resulted in many vehicles not being repaired. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate. He is based out of Toronto.
All Rights Reserved These Are The Paint Colors That Decrease A Cars Resale Value The Most Latest News Reviews Brands Car Types Buying Culture Tech Beyond Cars Racing QOTD Features Newsletter Advertise News These Are The Paint Colors That Decrease A Cars Resale Value The Most By Logan K.
How to Make Smarter Inventory Acquisition Decisions that Will Better Impact Your Bottom Line David Farmer, founder and CEO of Intice, recently stated, You make your profit the day you buy the car. This simple truth of buying cars right, often overlooked, is the key to unlocking higher profits in the car business. But reality?
To mitigate the impact of tariffs, dealers should focus on diversifying their F&I product inventory and offering a mix of options for both new and used vehicles. 2025 has already proven to be a year marked by economic turbulence and uncertainty.
You might be surprised to discover that your junk car holds more value than you expect. Recent information shows junk car prices throughout the United States vary from $50 to $3,000 while most buyers offer between $100 and $500 based on different circumstances. Recent developments continue to reshape the usedcar market landscape.
In April 2025, the U.S. Imagine a graphical representation of the cost of a car before and after tariffs, including incentives, interest rates and other quantifiable breaks that a shopper can review online or in the finance office to help them see the total cost of ownership and make an informed decision.
Happy Friday! Its December 27, 2024, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
Suppose we ignore our numerous stories about the old-timer Chevrolet Impalas that can be found on the usedcar market at any given moment. The reason is obvious, as the GM-owned car brand pulled the plug on it in 2020, after ten genera. continue reading. )
Following their visits to NADA last month, we have a more thankful nation of car dealers. For many reasons, optimism is strong for a healthy 2025. At the same time, without process improvement, the profitability per vehicle (PPV) of the usedcar will continue to evaporate. S&P Global Mobility projects 16.2
The usedcar market remains strong. But with off-lease EVs hitting the market, usedcar prices adjusting, and policy shifts on the horizon, industry players need a new strategy.
As part of the inaugural Automotive Intelligence Awards , Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. Roberts, who is from Detroit, has a deep family background in automotive.
The report cited its December survey of more than 1,000 consumers to show preference for SUV and trucks has dropped slightly SUVs down from 44% in 2023 to 43%, trucks from 9% to 7% and crossovers from 8% to 6% while car segments rose in popularity. Thats all out the window as we start 2025, because of U.S.
As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. More details to come.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
He knows cars and The Cars. Also included in the magazine and conference recognition will be the Automotive Intelligence Awards: Emerging Companies program, which will recognize emerging companies and entrepreneurs charging forward to make their mark on the used-car industry. He knows the housing market and house music.
21-23, 2025 San Diego, CA Popular Topics Fleet in Flux: Costs, Tariffs & Regulations Reshape 2025 Fleet in Focus: Mikhaila Baldwin Inaugural Survey Highlights Fleet Managers’ Top Challenges & Priorities Where Is Fleet Growing? Search Search Telematics Safety Resources More Topics Oct.
Independent car dealerships had to navigate a number of trends in 2024, from supply constraints to consumers reacting to new economic pressures. While the coming year is showing positive signs for used-dar dealers, we’ve learned that the future is never certain. When buying cars in your community, give people a fair price.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
Some may have real talent, but others use trickery, sleight of hand or knock-off goods to dupe you out of your money. Entering 2025, we have a wider range of potential services and technologies than ever before. 2025 is shaping up to be an opportunity year more than any since COVID. Something doesnt add up here.
What about renting cars? For obvious reasons, large rental companies were more than happy to swoop down on the local rental opportunities dealers offered, first, in putting satellite locations right in select high volume stores, or, for most, shuttling cars back and forth to dealerships on demand. An EV prospect perhaps?
The Q1 2025 Cox Automotive Dealer Sentiment Index (CADSI) reports that the U.S. automobile dealers’ view of current market conditions increased from an index score of 42 in Q4 2024 to 44 in Q1 2025. Download the full results of the Q1 2025 Cox Automotive Dealer Sentiment Index. The Q1 2025CADSI is based on 969 U.S.
Rising inventory levels, evolving consumer preferences, and the steady expansion of hybrid and electric vehicle (EV) sales continue to shape this years competitive market in 2025. Despite these shifts, internal combustion engine (ICE) vehicles still dominated the used market, accounting for over 90% of sales.
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