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The usedcar market is surging in both value and volume. The automotive aftermarket is positioned to benefit significantlyand among those who understand it best is Steve Tucker, president of Automotive Parts Associates (APA). That sweet spot Tucker refers to is the prime range for aftermarket demand.
In its latest State of the Dealer report, ZeroSum said March used-vehicle sales soared to the highest level in its seven years of tracking that data, while new-vehicle movement jumped 38% month-over-month, thanks to a combination of more selling days, tax refunds and most notably pull-ahead sales related to tariff concerns. 28 to March 31.
The automotive industry offers a wide range of career opportunities, and for those with an eye for detail and a knack for numbers, becoming an auto body estimator can be an excellent choice. Prepare for continued career growth after automotive school. Are you ready to start automotive school ?
To celebrate the 25th anniversary of UsedCar Week, Cherokee Media Group has launched the UCW Hall of Fame to recognize executives who have played an important role in the development, growth and success of UsedCar Week over time. 18 in Scottsdale, Ariz. 18 in Scottsdale, Ariz. Listen to the conversations below.
At ATC Cambridge, students gain hands-on experience working on various vehicles, preparing them to handle the unique needs of electric cars. The Importance of Professional Automotive Detailing Auto detailing involves transforming a vehicle into something that looks brand new. Are you ready to start automotive school ?
The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market. This trend is expected to persist through 2027, according to DesRosiers Automotive Consultants. Off-lease vehicles are a key source of product for the usedcar market.
iSeeCars is seeing something it hasnt seen in more than two years: rising used-car prices. The automotive search engine and research website said its latest study showed the average used-vehicle listing price in March was up 1% from March 2024, the first year-over-year increase since October 2022.
At ATC Montreal, students gain hands-on experience working on various vehicles, preparing them to handle the unique needs of electric cars. The Importance of Professional Automotive Detailing Auto detailing involves transforming a vehicle into something that looks brand new. Are you ready to start automotive school ?
Usedcar prices are rising. For most usedcars, anyway. million usedcars showed the Model S one of four Teslas on the list lost an average of 17.2% 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
Although the year began with declines in the average usedcar price, the trend quickly shifted. According to the CarGurus UsedCar Price Index , which tracks millions of usedcar prices, prices drifted down from December to February. overall, since the start of the year.
Usedcar prices continue to decline as availability increases and new car prices have stabilized in the Canadian automotive market, according to analysis from AutoTrader.
In today’s competitive usedcar market, dealerships can’t afford to rely on guesswork during vehicle appraisals. In the usedcar market, predictability is the foundation of profitability. Accurate appraisals are the key to a more profitable future in usedcar sales.
If reliability and value are your customers top priorities for a usedcar, you might want to make sure the Honda Fit is on your lot. Thats less than half the $3,426 average for all 5-year-old used vehicles. This is the first time weve seen an electric car ranked among the top models, he said, and with a predicted 10.5-year
At the upcoming Auto Intel Summit in April, Cherokee Media Group is launching the Automotive Intelligence Awards , which expands the program previously known as the Emerging 8. Automotive Intelligence Awards: Emerging Companies. Industry leaders believe these firms are on the cusp of automotive innovation and tech development.
But the supply of vehicle inventory, already an issue in the used-car sector, looms as a factor in both the short and long term. TO READ THE FULL STORY BECOME A MEMBER Login The post Tariffs expected to take a toll on used-car supply now and later appeared first on Auto Remarketing.
The retail used-car market is proving to be a stable and solid force this year, especially the certified pre-owned segment, Cox Automotive said in its Mid-Year Review last week. On a week-to-week basis, used retail sales have consistently.
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.
Brisbane, with its bustling automotive market, offers plenty of options. This, however, can make your car buying journey more challenging. This guide will walk you through the process of finding the most reliable usedcar dealers in River City, ensuring you drive away with a great vehicle and peace of mind.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles.
We continue our episodes of the Auto Remarketing Podcast originating from UsedCar Week 2024 in Scottsdale, Ariz., with a discussion focused on investment funding coming into automotive and what venture capitalists think of the industry. Listen to the episode in the window below and stay tuned for more from UCW 2024.
Meta description: Discover why vehicle history reports are crucial for usedcar transactions, providing transparency, negotiation leverage, and peace of mind for both buyers and sellers. In the complex world of usedcar purchases, vehicle history stands as perhaps the most valuable tool for both buyers and sellers.
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-car retail, finance and remarketing industries.
Tesla and Stellantis made the cars with the most problems between 2014 and 2019, according to data compiled by Consumer Reports. As you might probably expect, the most reliable cars from that period all wear Japanese automotive logos. Here's what the nonprofit organization uncovered.
The retail used-car market, including the certified pre-owned segment, showed some real strength last month, improving from both year-ago and January figures. Citing data from its vAuto business unit, Cox Automotive estimated that used-vehicle retail sales in February climbed 18% month-over-month and 5% year-over-year.
There’s “snow” rest for the weary in the car business. Plus, Von Busch goes into detail about Experian’s special report on the used-car market. Listen to the conversation in the window below.
From restoring a cars exterior shine to perfecting its interior, this training equips students with the expertise needed to increase the market value of vehicles, particularly in the usedcar industry. Are you ready to start automotive training ? Contact CATI for more information!
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-car retail, finance and remarketing industries. Roberts, who is from Detroit, has a deep family background in automotive.
In fact, Cox Automotive found that “reporting was more disrupted than actual sales,” but noted that July will likely make up for June’s disruption in the used-car market. The crisis may have affected the reporting of the pre-owned vehicle sales that did happen. And even with disruption, dealers increased.
For stakeholders in the automotive industry, particularly in the usedcar market, understanding how blockchain can reshape the sector is not just about keeping pace it’s about seizing opportunities for efficiency, transparency, and growth. Workshops and educational programs can provide valuable insights.
It was March momentum for the retail used-car market. million used vehicles, which was a 10.9% from February, according to Cox Automotive. million used vehicles, compared to 4.29 Affordability matters more than ever to consumers, and declines in used-vehicle prices help offset higher interest rates,” Robb said.
And for many, the used-car market is the only or best option. That’s one way to explain why year-to-date used retail sales through August have climbed 4.5% — growth that has occurred despite the headwinds of high prices and steep interest rates, says Cox Automotive. Folks still need personal vehicles.
By Dr Rana Farag, PhD, MBA, AI Product Leader The demand for environmentally conscious solutions is gaining momentum across various sectors, and the automotive industry is no exception. This is a pivotal moment for the automotive industry. To do this, the perception of used-car parts need to change.
He knows cars and The Cars. An economist who moved from the real estate market to the automotive market while moonlighting as a DJ Cox Automotive chief economist Jonathan Smoke is among our first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program.
Filed under: Car Buying , UsedCar Buying , Automotive History , Maintenance , Ownership , Classics Continue reading Here's $25,000, import a usedcar from Europe Here's $25,000, import a usedcar from Europe originally appeared on Autoblog on Thu, 12 Oct 2023 10:02:00 EDT.
A while back, one automaker ran commercials saying something like, “The best new cars make the best usedcars.” Consumer Reports recently put that thinking to the test with an evaluation of the brands and models that make the best used purchases , and there are few surprises with the top brands.
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-car retail, 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-car retail, finance and remarketing industries.
It was good news, bad news for the retail used-car market 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%
Today on the Automotive Podcast, I will be taking your car related questions. The “Viewer Automotive Question” shows are done every Monday. If you have a car question for a show like this, email me Charles(at)Humblemechanic(DOT)com. Be sure to put the phrase “Question for Charles” in the subject.
Used-car retail sales in April were ahead of prior-year figures, but the market was challenged, given the end of tax season and the hurdles of low supply, affordability and high interest rates. And that’s to be expected, says Cox Automotive. million used vehicles last month, which beat April 2023 by 4.8% but was a 7.0%
As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up 2.3%
Reflections on industry trends and succession planning in the automotive aftermarket Having grown up in a multi-generational jobber business, I often reflect on both the past and future of the industry. automotive service providers have become popular targets for private equity, with many mid-market firms adding them to their portfolios.
However, amid these challenges, used vehicle sales present a bright spot. While the broader market may struggle, usedcar 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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