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Vehicle inventory swings back, maybe too far

Auto Service World

After years of shortages, dealership lots are now overflowing with vehicles, marking a significant shift in the automotive market as supply catches up with demand. Automotive data company Cloud Theory reported this month that new vehicle inventory was up 23 per cent in 2024. Now the lots are full.

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How new, used vehicle prices are trending

Auto Service World

Used car prices continue to decline as availability increases and new car prices have stabilized in the Canadian automotive market, according to analysis from AutoTrader.

Vehicle 295
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Rising costs prompt Canadians to rethink vehicle ownership

Auto Service World

With the rising cost of living impacting Canadians’ ability to afford transportation, a recent survey found significant shifts in consumer behaviour and preferences in the automotive market.

Vehicle 287
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How sustainability efforts can reshape market dynamics

Auto Service World

Madhuchhanda Palit, automotive analyst at GlobalData, noted that leading automotive manufacturers are actively engaging in substantial sustainability initiatives. Companies like Toyota, Mazda and Honda have begun integrating recycled plastics into their vehicle production.

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Why there’s a growing need to be more digital

Auto Service World

The automotive industry is undergoing a significant transformation as digital technologies reshape the way vehicles are bought and sold and dealers need to keep pace or lose relevancy. As these innovations continue to evolve, they will play a crucial role in shaping the future of automotive commerce.

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Creating Predictable Profit in a Volatile Automotive Market

AutoSuccess

However, amid these challenges, used vehicle sales present a bright spot. While the broader market may struggle, used car sales have remained steady, providing a significant opportunity for dealerships to focus on areas within their control to drive more predictable profit.

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CarData, Inc., Velocity Automotive Marketing Acquire Tristar Digital Services

AutoSuccess

in partnership with Velocity Automotive Marketing , announced its expansion intoSouthern Californiathrough the acquisition ofTristar Digital Services. Velocity Automotive Marketing Acquire Tristar Digital Services appeared first on AutoSuccessOnline. CarData, Inc. , It’s a win-win for everyone.”