This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
automobile dealers’ view of current market conditions increased from an index score of 42 in Q4 2024 to 44 in Q1 2025. Franchised automobile dealers had a positive outlook with a score of 54, seeing the market as strong. automobile dealers were feeling pretty good about the market,” added Smoke.
“2023 was a record year for electric vehicles,” said Ryan Mandell, Mitchell’s director of claims performance. This represents a year-over-year decrease of 5% for EVs and an increase of 3% for ICE vehicles. Material Construction: EVs tend to be heavier than ICE automobiles due to the battery weight. and Canada.
Retail vehicle sales have been fairly consistent so far this year, inventory has returned to reasonable levels, and we believe interest rates have likely hit a ceiling. Still, a score above 50 suggests that more dealers view the new-vehicle sales market as strong rather than weak. Visit coxautoinc.com. The post U.S.
and v500 API reprogramming standards for inclusive coverage on most automobiles. The J2534 interface connects to the vehicle through the OBD connector and to your laptop. Again, do your own research and remember that whatever you choose, it must be able to supply steady vehicle voltage at 100 amps.
and v500 API reprogramming standards for inclusive coverage on most automobiles. The J2534 interface connects to the vehicle through the OBD connector and to your laptop. Again, do your own research and remember that whatever you choose, it must be able to supply steady vehicle voltage at 100 amps.
That jump was fueled primarily by used-vehicle buyers, whose satisfaction soared 10 percentage points year-over-year, from 58% in 2022 to 68% last year. Overall, customers were most satisfied with dealerships’ test drive experience (82%), vehicle pickup and delivery process (79%), and interaction with the sales team (77%).
automobile dealers. Franchised dealers, who sell both new and used automobiles, are more optimistic than used-only independent dealers, with an index score of 50. automobile dealers still see the economy as weak, a sentiment that has been consistent for the past two years due to elevated inflation and high auto loan rates.
“The vehicle market in the U.S. The market outlook index, which queries dealers about expectations for the vehicle market three months from now, typically enjoys a ‘spring bounce’ as automobile dealers look to the spring selling season. That is no longer the case.
“Franchised dealer optimism is on the rise, whereas independents are less hopeful due to affordability issues that more acutely affect the used-vehicle market and their businesses.” The used-vehicle sales environment, conversely, continues to be viewed as poor by most automobile dealers in the U.S. margin of error.
With consumer confidence and vehicle sales on the rise and the majority of car buyers still preferring to complete their purchase at a dealership , the ability to deliver a high-quality in-store experience including financing is imperative for dealers. The result? Salespeople can now desk deals in under a minute.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content