Auto Remarketing

JUNE 27, 2025

But in June, they have dominated used-vehicle price increases. According to the latest Carfax Used Car Index , used pickup prices climbed almost $1,100 month-over-month in June, which is their steepest price swing in over two years. In the Northeast, used luxury SUVs had the largest increase.

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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. A once-balanced market with local family-run jobbers and small corporate-owned stores evolved rapidly. Despite these shifts, the industry was still in a growth phase.

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Auto Remarketing

JULY 16, 2025

A major focus of our new conference — the Used Car Industry Summit , set for April 13-15 at the waterfront and luxurious InterContinental Miami — will be used electric vehicles. We’re partnering with Recurrent to put together multiple conversations and presentations on used EVs, focused primarily on dealer best practices.

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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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AutoSuccess

APRIL 21, 2025

What a car shopper cant find on them wouldnt fill a thimble so why should you consider adding digital vehicle portfolio (DVP) content to this fantastic marketing site? Thats a great question, and every dealer, GM and used car manager should ask it. Confidence in Pricing & Value A well-documented car means no surprises.

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Auto Remarketing

MAY 28, 2025

Perhaps you could make an argument that the used-car market is almost as healthy as it can be for both auctions and dealerships based on two trends highlighted by Black Book in its latest installment of Market Insights. And the only time this retail estimate has been lower was in July 2021, according to Black Books report.

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AutoSuccess

APRIL 4, 2025

The adage time to line is always fashionable when reconditioning used cars so you can retail sooner and profitably. For over a decade, dealers have confirmed that a three-to-five-day time-to-line recon operation gets used cars frontline ready faster and improves inventory turn.

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AutoSuccess

MARCH 20, 2025

Following their visits to NADA last month, we have a more thankful nation of car dealers. At the same time, without process improvement, the profitability per vehicle (PPV) of the used car will continue to evaporate. Every acquisition in this used car market must lead to a profit per vehicle outcome.

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AutoSuccess

JUNE 23, 2025

You’re a car dealer; such environments are made for your mentality, aptitude, creativity and long suffering. Consider these actions to reduce market risks to used car profitability. This is one of the most productive and simplest ways to better manage margin expectations on every used car you buy. Here we go again.

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Auto Remarketing

JUNE 19, 2025

Among those top findings, CarGurus indicated used inventory has reached multi-year highs, but value has been redefined. For shoppers in the market for a used car costing less than $20,000, analysts acknowledged options are increasingly older and higher mileage.

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AutoSuccess

APRIL 11, 2025

Rethinking Profitability in a Changing Market Most dealers operate in a reactive cycle buying cars to replace those sold without a clear strategy beyond basic profitability. Why Reconditioning Matters More Than Ever The used car market has undergone significant shifts. Gross profit: $2,000.

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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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AutoSuccess

MAY 13, 2025

Discover a smarter used car inventory sourcing strategy. The best cars dont hit the lane; theyre in someones driveway. Ever notice how the cars you really want low miles, high demand, fat margins never seem to hit the auction block anymore? Sellers think their cars are worth all the money. That much is clear.

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Auto Remarketing

FEBRUARY 12, 2025

of its used-car retail sales in 2024, well above the 1.3% share of the overall used market shown in Kelley Blue Book and MarketCheck data. Carvana said EVs accounted for 5.7% According to the survey, 88% of EV owners indicated they are more likely to consider an EV for their next vehicle purchase.

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AutoSuccess

FEBRUARY 2, 2025

I mean growing sales margins, making more confident trade appraisals and working the used car operation to increase cash flow. More Efficient New and Used Vehicle Sales: Missing a service delivery promise chills retention. Now they meet customers on a level field, both able to discuss any used car on your lot intelligently.

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Auto Remarketing

MARCH 17, 2025

As an old automotive retail veteran, I remember decades ago when automotive dealers looked down on lower margin quick service work, oil changes, brakes, tires, and more or less abdicated that business to others. What about renting cars? Inventory management works on the used car side as well.

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AutoSuccess

MAY 28, 2025

The automotive retail environment has entered a period of accelerated change. Rising interest rates, record-high monthly payments and fluctuating used car valuations have changed the customer journey. Todays dealerships are operating under tighter margins and with higher stakes than ever before.

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Auto Remarketing

FEBRUARY 10, 2025

The year started off with expectations there might be a return to normal in the used-car market. At Black Book, the Used Vehicle Retention Index came in at 146.3 Currently, retail days supply at used dealerships sits nine days lower than last year, and we are just now on the cusp of starting the spring wholesale market.

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AutoSuccess

DECEMBER 17, 2024

AI is a tool in a larger toolkit, but its important to know when to use it. If you want to produce unique descriptions for all your used cars, someone can easily train generative AI to do that at the dealership level, with great effect. Need to format a page and your website vendor takes a month to get anything done?

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Auto Remarketing

JANUARY 21, 2025

The arrows are pointing up for almost all aspects of the auto retail industry in 2025 with one notable exception. The supply of used vehicles. And car shoppers, who had been hesitant to buy while waiting for rate cuts and election results, are now ready to pull the trigger. And that is a key segment in the used market.

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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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AutoSuccess

MARCH 14, 2025

” The survey also asks dealers to rate new-car sales and used-car sales separately, along with various key drivers, including consumer traffic.

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Auto Remarketing

JUNE 30, 2025

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.

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AutoSuccess

JULY 18, 2025

As economic uncertainty continues to weigh on consumers, vehicle affordability continues today as a driving issue in the auto retail sector. The New Affordability Equation According to Edmunds , the average price paid for new cars in the U.S. during May reached $48,334, down 0.2% compared to April.

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Auto Remarketing

JULY 15, 2025

However, the landscape has dramatically shifted, leaving many retailers to deal with a new frustration: the increasing difficulty of finding quality inventory without succumbing to exorbitant prices. While directly impacting imported vehicles and parts, their influence extends to the used car market as well.

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AutoSuccess

MAY 6, 2025

Car Pros Automotive Group announced that Car Pros Honda El Monte earned the Sales Circle of Excellence Award from American Honda Motor Company for the third year in a row. Car Pros Honda El Monte earned the distinction of being a top Honda dealership in the U.S. For the fifth consecutive year, Car Pros Kia Glendale ranked no.

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Auto Remarketing

JANUARY 14, 2025

As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. Used car day supply is expected to remain tight and steady. For more information, visit www.lotlinx.com.

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Automotive Training Centre

MARCH 19, 2025

Graduates of the Auto Body Estimating program at ATC Surrey can step into entry-level roles in various settings, including new and used car dealerships, retail automotive repair shops, and insurance companies. What Is the Career Path of an Estimator: The Starting Point.

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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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AutoSuccess

MARCH 18, 2025

CarNow has launched two new products for its Dealer Retail Platform. While dealers are eager to embrace new technology, they also recognize how vital the relationship-aspect of the car-buying experience is. ReConnect and +AI leverage the power of artificial intelligence to enhance customer interactions and streamline lead follow-up.

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Auto Remarketing

MAY 28, 2025

There has been a spark in the used hybrid and electric vehicle market this month. After two years of consistent slowdowns, the segment has shown the most month-over-month retail price growth of any vehicle category in the latest Carfax Used Car Index. According to Carfax, used hybrid/EV prices are.

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Automotive Fleet

JUNE 13, 2025

Graphic: Cox Automotive Used-vehicle inventory levels at the start of June dropped slightly month over month , but inventory was relatively flat compared to early June 2024, according to a Cox Automotive analysis of vAuto Live Market View data released June 13. Used retail were at 1.53 million reported in April.

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AutoSuccess

FEBRUARY 11, 2025

Car Pros Automotive Group announced that 2024 was another year of sales leadership and customer service excellence for its dealerships. For the fifth consecutive year, Car Pros Kia Glendale ranked no. 1 in new Kia retail sales in the nation. MINI ofDowntown Los Angeles, which Car Pros acquired in 2023, secured the no.

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Auto Remarketing

FEBRUARY 26, 2025

The used vehicle market also saw growth in hybrid and EV sales. Hybrid sales rose by 8% quarter-over-quarter, while used EVs maintained steady growth. Despite these gains, ICE vehicles still constitute the majority of used car sales, reflecting a more gradual shift in the transition to electrification.

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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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Automotive Banking Media Finance 52

Auto Remarketing

APRIL 29, 2025

Handwringing in the new-car market is already driving up sales and prices in the retail used-car market, according to analysis around the latest CARFAX Used Car Index , which saw prices increase nationally month-over-month in April for every segment it tracks. Car prices were down 3.2% from March.

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AutoSuccess

JANUARY 24, 2025

As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. Used car day supply is expected to remain tight and steady.

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