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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.
As the first quarter of 2025 ended, all was calm for used-vehicle retail prices. But, Cars Commerce reported in its Q1 2025 AutoMarket Review , that might have been the calm before the storm. Typically, used-car values increase from February to March driven by tax returns and elevated consumer demand, the report said.
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. So well need to watch and see what trends transpire over the next month as activity in the usedmarket increases. Hold on tight, folks. million to 38.0
Keeping Drivers in the Driver’s Seat Uncertainty around how far tariffs will go is adding turbulence to the automarket, but certain segments are hanging in there. made models, usedcar trade-ins are retaining high value and subscription and flexible financing models are expanding for buyers wary of long-term commitments.
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. And both supply of and demand for used EVs is rising, and prices are softening. Used-car demand fell 7.6% Used prices dropped 2.9%
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. year-over-year and rose 0.9% was down 14.7%
According to Cox Automotive’s June 2024 AutoMarket Report, the average new car loan interest rate is 10.1% for usedcar loans. This is a significant increase from two years ago, when the average new car interest rate was 4.1% for usedcar loans, according to Car and Driver.
According to the study, which analyzed more than 10 million 1- to 5-year-old usedcars sold in 2018 and 2023, gray has gained four percentage points in those five years, rising from 15.2% of the market to 19.2%. automarket, representing 78.9% While used-car prices overall have risen 50.4%
Auto dealerships are also embracing new AI tools for enhancing customer service and reshaping how they price their vehicles. Paired with AI data analysis that tracks broader real-time market trends and identifies customer preferences and requirements, usedcar dealerships can provide buyers with flexible real-time pricing.
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 usedcars rising and high-end vehicle sales falling. “As
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.
While franchises rated the overall market at 49 – just below threshold – independents gave it a 40. Likewise, independents’ 38 score for the used-car sales environment (up from 36 in Q1) was far worse than the franchises’ hopeful index of 54. In many ways,” Smoke said, “the political climate is a surrogate for ‘uncertainty.’
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.
How are used-car sales going? Cox Automotives Dealer Sentiment Index for the second quarter of 2025 offered a stark illustration of the different worlds inhabited by franchised and independent dealers in their outlook of the current used-vehicle sales environment. Depends on what kind of dealer you ask.
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