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This week, CarGurus released its 2025 Mid-Year AutoMarket 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.
But, Cars Commerce reported in its Q1 2025 AutoMarket Review , that might have been the calm before the storm. The report, based on data from the companys Cars.com, Dealer Inspire and AccuTrade platforms, showed used-car list prices fell 0.9% But if tariffs send new-car prices higher, expect trade-in values to follow.
In today’s evolving automarket, one thing remains crucial: focusing on volume and exceptional customer service will naturally drive gross. In today’s market of compressed margins, dealerships are too fixated on protecting gross. This approach is costing deals — and, ultimately, gross profit. Let’s get out there and crush it!
In fact, arming sales and marketing teams with comparative financial examples that they can share with customers may be the single best tool an owner/manager can provide to help them manage their business through these changing and challenging times. For now, the market may be unsteady — but opportunity hasn’t left the showroom floor.
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. But while the forecast for new-car sales ranges from a potential low of 15.6 Hold on tight, folks. Its going to be a bumpy ride. million to 38.0 to as much as 2.8%
All Rights Reserved Teslas Robotaxis Are Going Poorly Latest News Reviews Brands Car Types Buying Culture Tech Beyond Cars Racing QOTD Features Newsletter Advertise Culture The Morning Shift Teslas Robotaxis Are Going Poorly By Amber DaSilva June 26, 2025 10:32 am EST Tesla Happy Thursday!
It proceeds to beat GM at selling its own hardware — no punchline here, just the bizarre reality of the 2025 automarket. Lets make a deal Joe Raedle/Getty Images The secret sauce to Hondas runaway success isnt some magical engineering tweak or a secret handshake — its cold hard cash and simple marketing. What does Honda do?
auto sales are up, but it probably wont last Brandon Bell/Getty Images Vehicle sales in the U.S. Its Wednesday, July 2, 2025, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. It might be Wednesday, my dudes, but weve still got a busy one over here. 1st Gear: U.S.
Those tariffs, CarGurus director of economic and market intelligence Kevin Roberts said, could present another major problem for a U.S. automarket that is already struggling to keep cars affordable for its customers. The Automotive Policy Council, an association representing the Big Three U.S.
Well also look at how Mexicos auto industry stands to keep its position in the face of tariffs, and at BYD slowing its roll. 1st Gear: Tesla sales havent stopped dropping in Europe Capturing Images/Shutterstock Tesla has a lineup of four largely ancient cars, and a CEO thats very open about his fringe social and political beliefs.
With all the changes and challenges in the automobile industry, it’s tough to be an auto mechanic in this demanding work environment. The challenge of keeping up with the latest auto repair trends is all too apparent for repair shop owners and managers who are struggling to find and keep well-trained technicians.
It was good news, bad news for the retail used-carmarket in January. Used-car demand fell over 7% from January 2023, but was up almost 14% from December. These are just some of the trends and data shared in the inaugural monthly Industry Insights Report from Cars Commerce released Thursday. Used-car demand fell 7.6%
automarket, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. auto industry. automarket being steered by five key themes. Meanwhile, the used EV market is expected to be the fastest-growing segment of the wholesale/used-vehicle market.
As a car buyer looking for value and reliability, you might have turned your gaze towards Hyundai, a brand known for its diverse range of vehicles that cater to nearly every segment of the automarket. They play a pivotal role in ensuring that every Hyundai owner receives the assistance and care needed to maintain their vehicle.
Buying a car these days is no longer just about walking into a dealership and shaking hands with a salesperson. When it comes to big-ticket auto salessuch as luxury vehicles or premium electric carsthese digital touchpoints play a critical role in shaping buyer behavior, influencing decisions long before a customer sets foot in a showroom.
The Renault 5 E-Tech Electric is bringingstyle and fun back to the European automarket with a retro design that looks just as good in 2024 as it did in 1972, when the original Renault 5 came out. The 5, also known as the R5 and Le Car , was a huge success for Renault , spawning myriad models and versions across two… Read more.
America’s cars are going gray — and not just because they’re getting older. The latest study of car colors from iSeeCars shows gray rising in popularity, passing silver for third in market share behind perennial favorites white and black. of the market to 19.2%. of the market to 19.2%. of vehicles – up from 77.2%
Californian startup Lucid took a bold approach for its introduction to the world, launching in 2021 with the phenomenal Air , a large electric luxury sedan that entered a small, competitive segment of the automarket. Despite garnering tons of acclaim—including from me—the Air has been a slow seller and the brand has… Read more.
With all the changes and challenges in the automobile industry, it’s tough to be an auto mechanic in this demanding work environment. The challenge of keeping up with the latest auto repair trends is all too apparent for repair shop owners and managers who are struggling to find and keep well-trained technicians.
Wholesale vehicle prices last month were down double-digit-percentages from March 2023, but whether the close of the first quarter represented a strong spring market is up for some debate. Still, a common theme of “normalcy” certainly has emerged in the used-carmarket. It may depend on which industry index you’re observing.
While it may seem like a David vs. Goliath scenario, there are strategic approaches that indie dealerships can employ not only to survive but thrive in the market. Showcase your local market knowledge through sponsorships to local events, collaborations with local businesses, and tailoring your inventory to match local preferences.
cars or roughly two vehicles, according to Money Geek. This means the average household spends over $2,000 per month to own and maintain their cars. Consumers are holding onto their cars longer, reducing the availability of used vehicles for sale. for used car loans. for used car loans, according to Car and Driver.
The automarket has fallen out of love with sedans , choosing to opt for taller and bigger crossovers. Because of that, many automakers have left the sedan market altogether , but there are still a few that soldier on.
Auto dealerships are also embracing new AI tools for enhancing customer service and reshaping how they price their vehicles. Thus, car dealerships are somewhat forced to rely on superficial charm and the sales skills of the employees to close a deal.
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 days on market) and 2-3 year-old (58.5
The latest survey, conducted immediately following the national election in early November, indicates that, while current market conditions are still viewed as weak, dealers are increasingly optimistic about the future. This significant increase suggests that more dealers believe the automarket will be stronger in the next three months.
automarket fills in another piece with the arrival of the 2025 Hyundai Sonata. Hyundai View the 20 images of this gallery on the original article The puzzle of the 2025 U.S. Product planners returned a new SE trim to the bottom of the lineup after the affordable grade took a break in 2024.
The steady growth in digital documentation processes reflects a mature understanding of the long-term benefits, positioning digital transformation as a critical pillar for the auto industrys future. Todays Rebounding AutoMarket The positive trends in the reported digital adoption coincide with a continued rebound in the U.S.
“We are excited to showcase the most complete and connected ecosystem in the auto industry at the NADA Show 2024, which is undoubtedly the auto industry’s event of the year.” automarket in 2024 , auto dealers face many new challenges: tighter margins, new technology, and a shift to a more electrified future.
In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. While franchises rated the overall market at 49 – just below threshold – independents gave it a 40.
With this new technology, car manufacturers and dealers must also ask the question, “What happens if these technologies stop working or need to be repaired?” Automotive Technology on Display at CES 2024 Automakers have been incorporating AI into cars for over 10 years. 7 electric vehicles. 7 electric vehicles. Why the increase?
In the auto business, uncertainty is the enemy — it negatively impacts sales, hurts consumer sentiment, and leaves auto dealers feeling troubled.” ” Despite the market’s perceived weakness, the CADSI showed some promising signs in Q2. While still below the 50 threshold at 36, profit perceptions have stabilized.
automarket is very different than it was just two years ago.” ” While the current market index, and many of the factors driving it, remains weak, the market outlook index improved significantly in Q1, jumping from 41 last quarter to 51 in Q1.
In this mornings edition, were looking at what Trumps tariffs could cost the average car buyer and what theyve already cost the German automotive industry. One consulting firm estimates the average cars price will rise by around $2,000, which is a hell of a lot of money when you consider how expensive new cars already are.
How are used-car sales going? Overall, the index dropped six points quarter-over-quarter to 41 its lowest level since mid-2023 indicating a shrinking supply of used cars. automarket, which appears to be at an inflection point, Cox Automotive chief economist Jonathan Smoke said. Depends on what kind of dealer you ask.
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