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As new vehicle inventory continues to grow and sales slow, manufacturers and dealers are expected to offer higher incentives to keep cars and trucks moving off lots in 2025. New vehicle inventory reached 3.23 At the same time, the average days to move a vehicle jumped from 51 days to 71 days, the group reported.
One critical tool in achieving this is the truck dispatch log book. The logbook is a crucial document offering a comprehensive record of a Commercial Motor Vehicle (CMV) driver’s activities over 24 hours. This blog post provides a succinct introduction to log books for dispatch training.
It may be well ingrained in automotive repair shops but the practise of moving customers’ vehicles in and out of the bays is one that needs to end, a shop coach urged. Image this scenario: You’ve performed an inspection on a vehicle. Instead, Beech recommends bookingvehicles for the full day rather than rushing through services.
The used vehicle market is facing significant supply challenges and a course correction isnt expected for many years to come. Daniel Ross, senior manager of industry insights and residual value strategy at Canadian Black Book described the current state of the used vehicle market as a “horror story.”
Digital Customer Experience: Mobile apps and online platforms will streamline appointment booking, service tracking, and payment processes. Rise of Electric and Autonomous Vehicles The growing presence of electric and autonomous vehicles (EVs and AVs) is transforming auto detailing requirements.
Canadian used vehicle prices have stabilized in recent times but still remain elevated. Meanwhile, electric vehicle pricing is still higher than what would be considered affordable to consumers. Turning to electric vehicles, Ross discussed the complexities of value retention for EVs and plug-in hybrids.
Spring Car Care Month (00:02:43) April is highlighted as Spring Car Care Month, emphasizing vehicle maintenance and customer education. Car Care Clinics (00:03:11) Hosts suggest hosting car care clinics to engage customers and educate them about vehicle maintenance.
The monthly new-vehicle average transaction price (ATP) report from Cox Automotives Kelley Blue Book was just released. Key takeaways from February include: The estimated February new-vehicle ATP from Kelley Blue Book was $48,039, a year-over-year gain of 1.0%, but lower by 1.3% from January. of ATP, or roughly $3,392.
Today, they grapple with increasingly complex vehicle systems, the growing expectations of informed (and sometimes misinformed) customers and the pressure to continuously upskill. What could improve is the customers’ understanding that the jobs take time and often we are booking several days out,” they added.
A technician who has received training directly from a vehicle manufacturer whether it be a class or by reading an OE book is considered a factory-trained tech as far as a shop coach and owner is concerned. If BMW is offering two years warranty on their vehicles, then a shop specializing in those vehicles should offer three.
If you want to stand out in your shop after finishing your auto mechanic training , theres one foundational resource you should always keep within reach: the vehicle service manual. This tried-and-true document is more than a book of instructions. What Makes the Service Manual So Valuable? Why Enroll in ATC Toronto Courses?
but they may be surprised to know that depreciation can be one of the biggest expenses they will encounter while owning a vehicle. Many new-car buyers do not realize that depreciation often is the greatest expense incurred by drivers during the first five years of vehicle ownership. Resale value for new vehicles can vary greatly.
vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book, a Cox Automotive company. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% vehicle market in 2023, up from 5.9% The post Kelley Blue Book: Americans Bought Nearly 1.2
vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book, a Cox Automotive company. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% vehicle market in 2023, up from 5.9% The post Kelly Blue Book: Americans Bought Nearly 1.2
Barring some significant change, one industry observer doesn’t believe battery electric vehicles will ever be affordable enough for most Canadians to buy brand new. Speaking at the Canadian Black Book Talk Auto conference near Toronto in the fall, Guido Vildozo, … The post Will BEVs ever be affordable enough for most?
New vehicle prices were mostly flat overall year-over-year as increases and cuts balanced each other out. Kelley Blue Book noted that the average transaction price for a new vehicle in August was up only $42 compared to the same time … The post How car prices avoided jumping in the U.S.
Suzuki introduced a four-door in some markets like India , South Africa, and Australia in 2023, and Suzuki finally opened the order books for Japanese-market four-door Jimnys Read more. The rugged little Suzuki Jimny, briefly sold in the U.S. as the Suzuki Samurai, was strictly offered as a two door since its introduction in 1970.
New vehicle prices remained lower year-over-year for the eighth consecutive month in the U.S. According to Kelley Blue Book, the average transaction price (ATP) for … The post New prices decline in U.S. as of May, as higher inventory levels continued to exert downward pressure on transaction prices.
If youve ever wondered how to stop attracting vehicles that dont fit your vision or how to cater to clients who value exceptional care, this episode is for you. Understanding Clientele (00:02:25) Brian explains the challenges of attracting higher-end clients versus those with older vehicles.
Those are not necessarily words used to describe the used-vehicle market over the last five years, but 2024 closed with analysts calling wholesale price patterns exactly that. TO READ THE FULL STORY BECOME A MEMBER Login The post Wholesale vehicle prices back to ‘more normal’ patterns appeared first on Auto Remarketing.
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The average transaction price (ATP) paid for a new vehicle in the U.S. in October was $48,623, according to new data from Kelley Blue Book. For more than a year now, new-vehicle prices in the U.S. For more than a year now, new-vehicle prices in the U.S. from year-earlier levels ($47,826). of the ATP in September to 7.7%
This shift reflects a broader industry trend shaped by customer expectations, vehicle complexity, and changing profit margins. However, with the rise of longer vehicle lifespans and increased competition from online car-buying platforms, dealerships have been prompted to diversify. First, modern vehicles are more complex than ever.
For car dealerships, efficient vehicle transport is not just a logistical concernit’s a critical component of business success. Whether moving inventory between locations or delivering vehicles to customers, dealerships can benefit significantly from adopting optimized transport strategies.
This exclusive SureTrack feature shows the most commonly performed repair procedures for vehicles just like the one in your bay. The fix is based on actual data tied to vehicle mileage, codes, components and symptoms. Book a free, no-obligation demo at [link] Work smarter. Top Repairs gives you that answer. It’s accurate.
Join Brian Walker and Caroline LeGrand as they share engaging, practical ideas for February’s marketing—from fun Valentine’s Day campaigns that show love to your customers and vehicles, to creative ways to highlight your shop’s culture.
Graphic: Cox Automotive The average new-vehicle transaction price (ATP) in May was mostly unchanged from April, as the new vehicle sales pace slowed, according to new data released June 10 from Cox Automotive’s Kelley Blue Book. Compared to May 2024, new-vehicle transaction prices were higher by 1.0%. million in April.
Perhaps it’s jumping to conclusions, but the only segment in Black Book’s tracking to squeeze out a wholesale value uptick last week might relate to vehicles in position to solve one of the pressing current challenges to get cars financed and retailed. This indicates a strong performance in the auction market.
New vehicle prices in December climbed higher for the fourth consecutive month and were close to the all-time high marked in December 2022. Average transaction prices (ATPs), as measured by Cox Automotives Kelley Blue Book , typically peak in December, as high-priced models from luxury makers often sell well in the final month of the year.
High interest rates have further influenced consumer behaviour, prompting many to prioritize maintaining and repairing their existing vehicles over purchasing new or even used ones. Indeed, its becoming prohibitively troublesome to replace your vehicle these days. Technological advancements are rapidly transforming the industry.
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Industry observers releasing wholesale vehicle price indices last week noted uncertainty and surprises in the market to begin the year. At Black Book, the Used Vehicle Retention Index came in at 146.3 Unresolved issues include tariffs, interest rates and incentives for electric vehicles. last month, down 1.2%
Incentives on new vehicles: remember those? of Equipped Retail Typical new-car prices in 2022, according to Black Book, new-vehicle incentives have climbed the past two years. Theyre back in a big way. After hitting a trough of 2.9% That was especially evident towards the end of 2024.
The technology offers shops a flexible solution to address communication challenges, with AI systems capable of qualifying vehicle issues, presenting quotes, and booking appointments around the clock. AI can fill the spot where a human can’t.
With human error accounting for more than 90 per cent of road traffic accidents, the push toward autonomous vehicles is gaining momentum as a crucial measure to enhance road safety. The ultimate goal is Level 5 autonomy, where vehicles will operate entirely without human intervention. and Chinese cities.
The study highlighted the growing satisfaction among electric vehicle (EV) buyers, who are leading the way in satisfaction during the car-buying process. ” New-vehicle buyers reported a record 75 per cent satisfaction rate with the overall shopping experience, the highest in the study’s history.
Autoflow is a cloud-based, comprehensive, timesaving tool delivering digital, paperless solutions for workflow management, communication, service and follow-up reminders, digital vehicle inspections , work orders, quality control, and rewarding customer loyalty.
A new report highlighted just how much cheaper electric vehicles need to get in Canada to reach mandated sales levels. Last December, the federal government unveiled its Electric Vehicle Availability Standard, which outlines zero-emission vehicle sales targets for automakers.
Shops are facing customers with many questions about their financial future, ranging from geopolitical factors to increased cost of living to higher new and used vehicle prices. As tariffs threaten price increases on everyday purchases, they may think harder about how they approach their current vehicle.
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As the market heats up, car buyers must make smart decisions based on trusted research and reliable vehicle information. Kelley Blue Book and Autotrader, Cox Automotive brands, expanded their strategic relationship with Experian. The partnership co-brands AutoCheck vehicle history reports on KBB.com and Autotrader.com vehicle listings.
Thats where Soleras Service Suite comes init transforms how dealerships manage vehicle pick-up and delivery, ensuring customer satisfaction and boosting your bottom line. Real-Time Vehicle Tracking: Your staff and customers can track vehicles through a branded portal, dramatically reducing the number of ” Wheres my car?
Weekly wholesale vehicle price declines are outpacing pre-pandemic norms. However, the depreciation for the week ending June 15 wasn’t nearly as steep as the prior week’s, according to the latest Market Insights from Black Book. The slowing of depreciation this week suggests a stabilizing market,” Black Book said in the report. “The
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