AutoSuccess

FEBRUARY 17, 2025

How Dennis Dillon Auto Group Built a Winning Private-Party Buying Program Most car dealers think the best used vehicles are found at auctions. We talked with their used car manager, Bryan Bough, about their private-party buying program. Key Insight: Your salespeople should focus on selling cars, Bryan emphasized.

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Auto Remarketing

MAY 28, 2024

When that shopper is waffling over whether the timing is right to buy a used car, here’s a selling point a dealer can pass along to that indecisive consumer, courtesy of CARFAX. As it stands, retail prices for used vehicles have slowed significantly year-over-year: used SUVs are down 9.5%

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Auto Service World

FEBRUARY 25, 2025

A survey of Used Car Dealers Association members highlighted a stark contrast between independent used vehicle dealers and franchised new vehicle dealers. Despite easing pressures in pricing and financing, the broader challenges facing the Canadian economy leave some uncertainty, DesRosiers reported.

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Auto Service World

DECEMBER 11, 2024

Small competitors positioned at the lower end of the market started absorbing business from used car lots and garages, which focused on budget-conscious customers. As the need for larger inventories grew, jobbers increasingly relied on credit facilities to finance stock expansion.

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Auto Service World

MARCH 23, 2025

The car buying process has traditionally been a daunting and time-consuming experience, often fraught with confusion, haggling, and uncertainty. However, in recent years, CarGurus has emerged as a game-changer, revolutionizing the way people buy cars. Buyers often feel uncertain about whether they are getting a fair deal.

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autoevolution

MARCH 20, 2025

Amazon is planning to enter the used car market and help dealers sell pre-owned vehicles. Nowadays, you can buy used cars everywhere. The online retail giant has been selling new Hyundais since 2024, based on a partnership announced at the Los Angeles Auto Show in November 2023.

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Motor Verso

MAY 26, 2024

Recent research shows that 92% of UK car owners use car financing to buy their vehicles. As of 2023, Brits… Read more » The post Car Financing: What Are The Pros And Cons Of PCP Finance? appeared first on Motor Verso.

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Solera

AUGUST 8, 2023

Independent car dealerships must remain competitive compared to other independent dealers in their area and large national chains with big budgets, a strong brand identity, and access to a nationwide inventory. Offer financing options: Just like a variety of cars, customers like a variety of financing options.

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AutoSuccess

JULY 9, 2024

It’s no secret that dealers are facing a complex set of challenges when sourcing used car inventory. While supply constraints have been a major focus, it’s also important to consider how demand dynamics are influencing the used car market and complicating dealerships’ ability to source inventory effectively.

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Auto Remarketing

OCTOBER 25, 2023

Like the Earp brothers in “Tombstone,” the used-car industry is reuniting in Arizona this year for Used Car Week. While the sunshine, balmy climate and cool desert nights remain, much has changed in the five years since Used Car Week made its way to the Grand Canyon State.

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Auto Remarketing

JANUARY 10, 2025

This expanded program will feature analysts, researchers, and leaders who are advancing business intelligence for the automotive industry as well as emerging companies and entrepreneurs charging forward to make their mark on the used-car industry There are two components to the awards program: Automotive Intelligence Awards: Industry Analysts.

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Jalopnik

OCTOBER 17, 2024

In today’s volatile automotive market, finding the best used car value can feel like searching for a needle in a haystack. With new car prices pushing the boundaries of belief, and used car prices constantly fluctuating, it’s time to ask the Jalopnik audience what they think the best value on the used market is.

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Autoblog: Repairs

AUGUST 14, 2024

Vehicle prices continued a downward trend in July — the most of any major category in the Consumer Price Index (CPI) over the last year as the car market continues its return to "normal" following pandemic-fueled inflation. Used car prices fell 2.3% New car prices fell 0.2% Prices for used cars and trucks are still 16.9%

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Auto Remarketing

JANUARY 8, 2025

For stakeholders in the automotive industry, particularly in the used car market, understanding how blockchain can reshape the sector is not just about keeping pace it’s about seizing opportunities for efficiency, transparency, and growth. Automate compliance: Regulatory compliance in finance is often complex and time-consuming.

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Jalopnik

OCTOBER 12, 2023

Used cars are finally getting a little cheaper, according to Cox Automotive. After what seemed like an interminable series of price hikes across all vehicle segments, used prices are going down. The only caveat is that pickup trucks are trending in the other direction and are getting slightly more expensive instead.

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Jalopnik

AUGUST 16, 2024

The used car market has been an up-and-down mess since at least 2020, with reduced new car inventory pushing more buyers into pre-owned purchases , which reduced the revolving supply of trade-ins. This perfect storm of pandemic-induced chip-shortage used car inflation appears to finally be subsiding.

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Jalopnik

AUGUST 30, 2024

When shopping for used cars , buyers tend to care the most about price, fuel economy and reliability, because, well, duh. You need to be able to afford your car, you don’t want to spend a fortune filling it up and you just want it to work.

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Jalopnik

OCTOBER 25, 2023

The pre-owned car market is still in a weird place. Some segments like electric vehicles have some hefty savings , but most pre-owned cars are still selling for inflated prices. If you happen to come across a used car that seems too good to be true, make sure the dealer can answer these questions. Read more.

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Jalopnik

AUGUST 20, 2024

Used car prices are s teadily dropping, mostly due to oversupply , and while electric and luxury vehicles are being hit the hardest, other segments don’t always see a big savings gap between new and used. Read more.

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Jalopnik

OCTOBER 26, 2024

We asked you last week to think about the best value on the used market is right now. Finding good deals on used cars is tough; it’s a balancing act between something that you want to drive and something that you trust not to go wrong and create a landslide of expensive repair bills.

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Auto Remarketing

JANUARY 16, 2025

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with panel of three experts who discussed not only automotive wholesaling, retailing and financing, but also the general state of the economy.

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Jalopnik

NOVEMBER 1, 2024

Buying a used car in America is tough , with prices rising, inventory thinning and dodgy dealers seemingly out to get you at every turn. The process of shopping for a used bargain may be about to get a whole lot more treacherous, however, as thousands of cars damaged in this year’s record hurricane season may be about… Read more.

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Jalopnik

JANUARY 29, 2024

We’ve known for a while that things weren’t going great for the online used car dealer Vroom. Back in 2022, it was sued by the state of Texas for its shady sales practices and later that year managed to lose more than $50 million in a single quarter. Now that Vroom has finally shut down, seemingly for good, Click2Houst… Read more.

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Auto Remarketing

MARCH 6, 2025

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.

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Jalopnik

NOVEMBER 14, 2023

I’ve been blogging about car buying for about ten years, and I’ve seen some pretty bad takes over that time when it comes to giving consumers advice. However, this most recent one might take the cake with the overall thesis that certain really popular models make for good used car deals because they don’t depreciate… Read more.

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Jalopnik

DECEMBER 26, 2023

Edward Scott Rock, a Philadelphia used car dealer , was arrested last week by federal authorities on charges of mail and wire fraud. Rock is accused of accepting payments from around 120 buyers across 36 states but failing to deliver a vehicle. Most of the vehicles involved were accessible for seniors, wheelchair users … Read more.

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Jalopnik

OCTOBER 30, 2024

It’s no secret that the pandemic threw a wrench into a whole lot of people’s car-buying plans. Things have largely recovered , and prices aren’t as crazy as they used to be, but if car buyers haven’t been keeping a close eye on the market, they could definitely still be in for a shock the next time they walk into a… Read more.

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Auto Remarketing

MARCH 13, 2025

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.

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Auto Remarketing

SEPTEMBER 13, 2024

That’s the message of a new report from Edmunds head of insights Jessica Caldwell that examines the disconnect between what car shoppers want to pay for their next vehicle and what the market says they’ll have to pay. Perhaps not so shockingly, much has changed for car buyers since then.

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Auto Remarketing

SEPTEMBER 12, 2024

In this installment of Auto Remarketing’s 40 Under 40 franchise, we feature the 2024 honorees in the “40 Under 40: Industry” program, which is sponsored by IAA and focuses on consignors, auctions, auto finance, vendors, tech companies, associations and other players within the used-car space. Congrats to all!

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Auto Remarketing

FEBRUARY 19, 2025

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. More details to come.

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Auto Remarketing

MARCH 11, 2025

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.

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Jalopnik

SEPTEMBER 12, 2024

When a prospective buyer of a used vehicle from CarMax doesn’t qualify for financing, they’ll likely be offered a loan from Exeter Finance as a lender of last resort.

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Auto Remarketing

OCTOBER 3, 2023

High vehicle prices and interest rates are delivering an economic one-two punch that is being felt throughout the used-vehicle ecosystem. Think consumer financing and monthly payments, dealership inventory and certified used vehicles, and residuals and repossessions. 6-9 in Scottsdale, Ariz.

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Jalopnik

DECEMBER 15, 2023

Honda is going to start offering a leasing program for its certified pre-owned vehicles because new car prices are just way too high at this point. The program is beingv aimed at buyers who want to keep their monthly payments low and don’t have the upfront cash for a big down payment, according to a statement from Honda Read more.

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Auto Remarketing

JANUARY 24, 2025

The report cited its December survey of more than 1,000 consumers to show preference for SUV and trucks has dropped slightly SUVs down from 44% in 2023 to 43%, trucks from 9% to 7% and crossovers from 8% to 6% while car segments rose in popularity. The 47% who project used-car profitability was well above the 21% who did so a year earlier.

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Auto Remarketing

JULY 30, 2024

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.

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