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Is now the right time for used-car shoppers to strike? There was some year-over-year easing in retailused-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. year-over-year, according to Edmunds.
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. But if tariffs send new-car prices higher, expect trade-in values to follow. Used-car supply shrank 0.6%
Usedcar prices are rising. For most usedcars, anyway. The analysis of the retail prices of 1.4 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 The full study is available here.
While new-car sales made a significant jump in the second quarter, used-vehicle sales took just a small step up, according to the latest data from Lotlinx. In addition, aged inventory in the used-car sector soared by 7%, ending the quarter at 49% of total inventory on the lot more than 30 days.
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.
We talked with their usedcar manager, Bryan Bough, about their private-party buying program. They didnt just tweak their existing process; they completely reinvented how they acquire usedcars. Realizing that tools exist today that allow them to buy like theyre in 2025 not 1995.
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. ZeroSum’s June 2025 State of the Dealer report showed used-vehicle movement reached 1.37 million units for the month, up from 1.32 million in May.
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%
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
As an old automotive retail veteran, I remember decades ago when automotive dealers looked down on lower margin quick service work, oil changes, brakes, tires, and more or less abdicated that business to others. Inventory management works on the usedcar side as well. 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.
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.
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-carretail, finance and remarketing industries.
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. In Cox Automotives recent 2025 forecast call with industry media and analysts, chief economist Jonathan Smoke painted a rosy picture for whats ahead.
MINI of Downtown Los Angeles, part of the Car Pros Automotive Group, has officially reopened after completing a $1 million renovation. The upgraded 16,000-square-foot showroom now reflects MINI’s global retail design. They also enjoyed exclusive first drives of the 2025 MINI Cooper Convertible and the all-electric MINI Countryman SE.
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. By using these AI tools, dealerships can pre-empt financial losses and improve inventory turnover efficiency.
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? Usedretail were at 1.53 Search Search Telematics Safety Resources More Topics Oct.
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.
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-carretail, 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-carretail, finance and remarketing industries. More details to come.
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. By using these AI tools, dealerships can pre-empt financial losses and improve inventory turnover efficiency.
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-carretail, 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-carretail, 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-carretail, finance and remarketing industries.
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 retailused-car prices. Luxury SUV prices were also up here 2.3%
More than 76% of Americans usecars to commute today. To meet the consumer demand, car dealerships must efficiently manage their inventory. One of the critical parts of automotive retail operations is auto transport for dealerships. American car dealerships need to move cars between locations to sell them.
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. While part of this influx is due to the arrival of 2025 models, buyers are approaching the market with more caution and are considering usedcars as opposed to new.
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. While part of this influx is due to the arrival of 2025 models, buyers are approaching the market with more caution and are considering usedcars as opposed to new.
While the coming year is showing positive signs for used-dar dealers, we’ve learned that the future is never certain. No matter what curveballs are around the corner, there are key strategies used-car dealers should consider to consistently boost profitability. That’s when financing becomes more important.
The cream puffs are much harder to find, and the payments on the newer usedcars are much harder to afford. Efficiency means a measurable method for getting work done faster using resources more wisely. In its first quarter investor report for 2025, Lithia reported a nearly 39% year-over-year increase in value car sales.
Although auction conversion rates were strong, staying in the high-50-percent range, the retail market saw an increase in days to turn, starting at 45 days at the beginning of the month and rising to 52 days by the end,” Wehunt said. Meanwhile, Cox Automotive’s Manheim Used Vehicle Value Index came in at 201.6 for July, which was up 2.8%
As we continue to navigate the shifting landscape in auto retail, one thing has become crystal clear: the days of cost-cutting have ended. Now, car sales have surpassed pre-COVID levels, and marketing budgets are surging as many dealers have realized the bottom is already behind us. What does the data show?
Can you tell us the history of LaFontaine Auto Group? Max Muncey, director of corporate communications, LaFontaine Mitsubishi with 2025 Eclipse Cross The group was founded in 1980 by Michael and Maureen LaFontaine, husband and wife. Mike grew up in the car business around usedcar sales, and he’s a car guy through and through.
. “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. .
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