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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
Battery electricvehicle (BEV) owners have been feeling the heat for quite some time. However, we now have another study that proves these cars are the best shot anyone has at losing money with automobiles. " Although luxury vehicles are also a money pit, BEVs take the crown when it comes to depreciation.
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.
Looking for an affordable usedcar? You might want to go electric. The latest research from iSeeCars shows used EV prices fell 15.1% over the past year, while the cost of gasoline and hybrid vehicles dropped just 0.5%. Thats just $917 above the price of the average gas-powered vehicle, iSeeCars said.
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. Luxury cars fell 0.2% Pickups jumped 0.8%
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. Industry observers releasing wholesale vehicle price indices last week noted uncertainty and surprises in the market to begin the year. last month, down 1.2%
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. million new-vehicle sales for the year, up 1.2% At the same time, without process improvement, the profitability per vehicle (PPV) of the usedcar will continue to evaporate.
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. The mix of used-vehicle inventory at the time of the survey was good, according to both franchised and independent dealers.
Thats all out the window as we start 2025, because of U.S. The reports consumer survey found prospective car buyers are expecting to pay 8% more ($36,732) for their next vehicle than they did a year ago, but interest in buying a new vehicle has shot up 30%, even though the average new-car price began 2025 at a near-record $49,853.
As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report , the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. The usedvehicle market also saw growth in hybrid and EV sales.
Auto dealers need more performance-based personalized marketing to boost sales the rest of the year, and here are nine trends they should know before 2025 begins. Inventory levels stabilizing According to recent data, total vehicle inventory stood at 2.79 Despite substantial investments and incentives, the adoption of EVs in the U.S.
Auto dealers need more performance-based personalized marketing to boost sales the rest of the year, and here are nine trends they should know before 2025 begins. Inventory Levels Stabilizing According to recent data, total vehicle inventory stood at 2.79 Despite substantial investments and incentives, the adoption of EVs in the U.S.
. “Coupled with the potential for supportive measures such as tax rebates and the possibility of lower interest rates, dealers are feeling more hopeful about the road ahead as we move into 2025.” This significant increase suggests that more dealers believe the auto market will be stronger in the next three months.
As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. These tools will not only flag at-risk vehicles but also provide actionable recommendations for mitigating that risk.
As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. These tools will not only flag at-risk vehicles but also provide actionable recommendations for mitigating that risk.
A recent report showed how rising car ownership costs are impacting household budgets and shifting planned 2025 spending. The 2025 State of the American Driver Report , based on a survey of 1,000 drivers, highlighted how people are reacting to the high costs of car ownership.
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